Impact of Saudi oil attack on crude flows will depend on duration of outage, Rystad says

Oil prices on Monday saw the biggest surge since 1991 following a drone attack on the state-owned Saudi Aramco’s oil processing facility in Saudi Arabia, according to Reuters. The attack has shut down about 5% of the world’s crude output, but the impact of the attack on crude oil flows will depend on the duration of the outage, Rystad has said.

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