9/17/2019, 8:21 AM (Source: TeleTrader)
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Aramco exec: Full capacity production expected in 2 weeks

Saudi Aramco will return to full capacity production in two weeks, an official from the company said on Tuesday, adding that Aramco is currently working at a capacity of 30%.

The company's Abqaiq oil field was struck by a drone attack on the weekend, leading to a drop in global oil output of 5% as the field processes 5.7 million barrels a day, which is 50% of the total daily oil output of Saudi Arabia.

Oil prices jumped on Monday over 15%.

Breaking the News / VP