19 April 2024
Aramco IPO in disarray as Houthi strike halves Saudi oil output, roiling markets
Publication date: 16 September 2019
Gas Strategies Group
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An audacious drone attack over the weekend on key Saudi Aramco facilities has cut Saudi Arabia’s oil production by 5.7 million barrels/d, equivalent to around 7% of global crude supply, eliminating most of the world’s spare production capacity. This caused oil prices to spike as high as ...