Rystad warns market to remain cautious about Saudi output recovery guidance

Following a drone attack on the world’s largest oil processing facility owned by state-run Saudi Aramco, Rystad Energy, an energy intelligence group, has warned the market not to get too excited and remain cautious about the oil giant’s promise to quickly return to pre-attack production levels.

The attack on Saudi Aramco’s Abqaiq and Khurais facilities in Saudi Arabia, which happened last Saturday, resulted in production suspension of 5.7 million barrels of crude oil per day or about 5% of the world’s crude output.

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