Paul Wetterwald, chief economist for investment intelligence at Indosuez Wealth Management, weighs in on the impact of the Abqaiq attack on the Saudi economy
Khurais
Posted inDRILLING & PRODUCTION
Saudi Aramco says production capacity will be fully restored by end-September
The company’s production was halved following attacks on its facilities, but CEO Amin Nasser expects production to be fully restored by the end of September
Posted inDRILLING & PRODUCTION
Saudi Arabia reportedly closes pipeline to Bahrain
The pipeline, which transports up to 130,000 barrels per day of crude to BAPCO, was shut down following attack on Saudi oil infrastructure
Posted inDRILLING & PRODUCTION
Iran supplied weapons used in Saudi oil attacks: Arab Coalition
A spokesman for the Arab Coalition said that preliminary findings point to Iran as the supplier of weapons which targeted Saudi oil facilities and took half of its production offline
Posted inDRILLING & PRODUCTION
Saudi oil production outage could test US as swing producer
Saudi Arabia has traditionally taken on the role of swing producer, thanks to its spare capacity, but the US may have to step up to the plate if the outage is prolonged
Posted inDRILLING & PRODUCTION
Oil price spike after Saudi attack likely short-lived: Rystad Energy
The market’s bullish response to the sudden drop in Saudi Aramco’s production following attacks on its infrastructure could be softened by Saudi Arabia’s crude reserves
Posted inDRILLING & PRODUCTION
US will tap into emergency oil reserves to fill supply gap after drone attacks on Saudi Aramco
US President Donald Trump tweeted that he will allow an undetermined amount of oil to be released from the nation’s emergency reserve to fill a potential supply gap
Posted inDRILLING & PRODUCTION
Could the drone attacks on Saudi Aramco harm its valuation and IPO?
Saudi Aramco’s production has been halved following attacks on two major facilities, and analysts say this could impact its valuation
Posted inDRILLING & PRODUCTION
Saudi Aramco to drop 5.7mn bpd of production after drone attack on Khurais and Abqaiq plants
Yemen’s Houthi rebels claimed responsibility for the attack, with a spokesman saying that more is yet to come.
Posted inDRILLING & PRODUCTION
Saudi Aramco will raise Khurais field output to 1.5mn bpd in November
Aramco CEO Amin Nasser said field production would be raised by 300,000 bpd