Saudi Aramco confirms temporary loss of 5.7M Bbl/day of oil production, set to draw on storage to meet exports

September 15, 2019
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Here is what you need to know:

  • Aramco CEO says company is working to restore production, expects and update early Monday AM US time.
  • Prince Abdulaziz bin Salman, newly appointed Saudi Arabia oil minister says that customers will be supplied from storage.
  • US Secretary of State Mike Pompeo blaming Iran for the attack, claiming that there is no proof of Yemen Houthi involvement. Iran dismisses as “meaningless”
  • DOE Secretary says US prepared to supply from Strategic Petroleum Reserve (SPR) if needed.
  • Globex set to open at 5:00 PM CST but no indication on price.

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