Saudis race to restore oil output after Aramco attacks

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Aramco is working to compensate clients for some of the shortfall from its reserves. FMTNews

Saudi Aramco, which pumped about 9.8 million barrels a day in August, will be able to keep customers supplied for several weeks by drawing on a global storage network.

A satellite picture from a Nasa near real-time imaging system published early on Sunday, more than 24 hours after the attack, showed that the huge smoke plume over Abqaiq had dissipated completely. While that field wasn’t attacked, its crude and gas are sent to Abqaiq and the smoke most likely indicated flaring.U.S. Reserves

Saudi Arabia, the biggest producer in the Organisation of Petroleum Exporting Countries, has been leading the group in production cuts to mop up a surplus of crude in the market.

 

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