Visit our new Alternative Investment section.Click here

Less Ads, More Data, More Tools Register for FREE

Saudi Arabia to restore full oil output by next week- source

Mon, 23rd Sep 2019 10:43

LONDON, Sept 23 (Reuters) - Saudi Arabia has restored around75% of crude output lost after attacks on its facilities andreturn to full volumes by early next week, a source briefed onthe latest developments told Reuters on Monday.

Saudi's oil production from Khurais is now at more than 1.3million bpd, while current production from Abqaiq is at about 3million bpd, the source said.

The attacks on both Khurais and Abqaiq plants, some of thekingdom's biggest facilities, knocked down 5.7 million bpd, ormore than half of the kingdom's oil production. Saudi officialshave said the output will be fully back online by the end ofSeptember.(Editing by Louise Heavens)

Related News

IN BRIEF: Hunting executive sells over GBP250,000 in shares
10 mins ago

IN BRIEF: Hunting executive sells over GBP250,000 in shares

Hunting PLC - London-based provider of equipment and engineering services to the oil and gas industry - Managing Director of Asia Pacific Daniel Tan s...

EXPLAINER-What is the hantavirus that killed three cruise ship passengers?
1 hour ago

EXPLAINER-What is the hantavirus that killed three cruise ship passengers?

May 6 (Reuters) - ​Three people have ⁠died in an outbreak of hantavirusaboard a luxury cruise ship, with another five confirmed ​or suspected cases re...

UK stocks rise 2% on US-Iran peace deal hopes
1 hour ago

UK stocks rise 2% on US-Iran peace deal hopes

May 6 (Reuters) - The main ​UK indexes ⁠jumped more than 2% on Wednesday, ​aided by hopes of a U.S.-Iran deal to end the war that has lifted energy pr...

Market News Diageo + 1 more share