Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production capacity, company officials said on Saturday. The mid-September attacks on the Abqaiq and the Khurais plants caused damage that halved the crude output of the world’s top oil exporter by shutting down 5.7 million bpd of production, driving a spike in oil prices. Yemen’s militant Houthi group claimed responsibility but a U.S. official said the attacks originated from southwestern Iran and Riyadh blamed Tehran. …read more
Source:: Yahoo Finance
