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Drone attack on Saudi oil facilities: Biggest disruption in three decades

The drone attack on Saudi Aramco's Abqaiq oil processing facilities on Saturday almost destroyed the plants

A satellite image shows an apparent drone strike on an Aramco oil facility in Abqaiq, Saudi Arabia September 14, 2019.
A satellite image shows an apparent drone strike on an Aramco oil facility in Abqaiq, Saudi Arabia September 14, 2019.
Abhishek WaghmareSameer Mulgaonkar
1 min read Last Updated : Sep 17 2019 | 12:45 AM IST
The drone attack on Saudi Aramco’s Abqaiq oil processing facilities on Saturday almost destroyed the plants. It resulted in a direct disruption of nearly 5.7 million barrels of oil per day from Saudi Arabia to the world.

 Put in context to the overall daily supply of crude oil, which was 99.24 million barrels per day (mbpd) in August 2019 (Opec data), this disruption was more than 6 per cent of global oil supply. 

The Iraqi invasion of Kuwait , which had  kicked off the Gulf War, did not affect supply cut to the extent the Saturday attack did.



Topics :Saudi ArabiaSaudi AramcoCrude Oil PriceCrude oi