4 ms·
I'm trying to understand what all this means. The recent attacks are said to have cut Saudi production by 50%. The Saudis claim production capacity of ca. 12
by jnurmine 7y ago
I'm trying to understand what all this means.
The recent attacks are said to have cut Saudi production by 50%.
The Saudis claim production capacity of ca. 12 mbd. 6 mbd lost to attack. Their estimated stores are at ca. 180 million barrels.
To keep a happy face, the Saudis could sell from their stores to offset for the loss of Abqaiq and Khurais, but this can only be kept up a limited time, as the store is empty in roughly 30 days.
The time to fix the damage has been estimated at 8 months.
Does this mean the Saudis face losing 50% of their oil income in about 30 days?
- onlyrealcuzzo 7y agoThat means they'll be eating King Salmon for dinner in 60 days.