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Saudi Arabia restored the previous level of oil supplies

UNITED STATES, WASHINGTON (OBSERVATORY) — Saudi Arabian Energy Minister Abdul Aziz bin Salman Al Saud said oil supplies reduced after the attack on Saudi Aramco’s facilities returned to their previous levels.

At the same time, Riyadh also partially restored the volume of extraction of raw materials. Previously, the kingdom reduced production by more than half – by 5.7 million barrels per day from the usual mark of about 9.8 million.

At the same time, oil prices in the markets intensified the fall amid a statement by the minister.

In addition, Saudi Aramco, whose facilities were attacked, reported that the fire as a result of the incident was able to be localized in just seven hours, which allowed it to continue to produce two million barrels per day.

Attack on objects

A fire broke out at two Saudi oil sites on Saturday night.

Responsibility was claimed by the Hussite Yemeni rebels who attacked the refinery with drones.

However, US Secretary of State Mike Pompeo accused Iran of what happened. According to him, “there is no evidence” that the attack came from Yemen.

Moreover, US Republican Senator Lindsey Graham suggested discussing the possibility of attacks on Iran’s oil facilities in the event of “continued provocations.”

In turn, Tehran denied the allegations. The Iranian Foreign Ministry emphasized that Pompeo’s words are similar to “soil preparation” by secret organizations for further US actions in the region.

Russian authorities called the attacks on the refinery a worrying event for the oil market. The Kremlin also expressed the hope that Saudi Arabia will soon deal with the consequences of the incident.

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