BREAKING NEWS | Saudi Aramco Restore Oil Output Earlier Than Expected: Sources

RIYADH, SAUDI ARABIA – Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day, three sources briefed on Saudi Aramco’s operations told Reuters, maintaining a faster than expected recovery after the September 14 attacks on its oil facilities.

Crude output from the Khurais field in now at 1.3 million bpd, the sources said. On Monday, sources had said Abqaiq production was about 3 million bpd.

The September 14 attacks on the two plants caused a spike in oil prices, fires and damage that halved the crude output of the world’s top oil exporter, by shutting down 5.7 million bpd of production.

Saudi Energy Minister Prince Abdulaziz Bin Salman and the chief executive of state oil company Aramco, Amin Nasser, have said output will be fully back online by the end of September.

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