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It can process and estimated 7 million barrels of crude oil a day, or around 70% of Saudi Arabia's recent daily output of more than 9 million barrels of crude oil a day. Saudi Arabia’s two major oil facilities are on fire after drone strikes on Saturday. The oil facilities are run by the state-owned company Aramco in Saudi Arabia. According to Saudi Arabia state media, footage showed a huge blaze at Abqaiq, site of Aramco’s largest oil processing plant, while a second drone attack started fires in the Khurais oilfield. September 14, 2019 at 9:57 PM EDT ISTANBUL — Explosions and towering fireballs struck the heart of Saudi Arabia’s oil empire on Saturday in an apparent wave of drone attacks claimed by Yemen’s
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Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector.
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