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UAE: OPEC Can Fill Saudi Oil Supply Gap If Necessary

OilPrice.com Monday, 16 September 2019
OPEC has sufficient spare capacity to respond to supply shortages after this weekend’s attacks on oil infrastructure that took more than half of Saudi Arabia’s oil production offline, Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE), said on Monday.   On Saturday, the Abqaiq facility and the Khurais oil field in Saudi Arabia were hit by attacks, which resulted in the suspension of 5.7 million bpd of Saudi Arabia’s oil production. “We have spare capacity, there are volumes that we can deal with…
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News video: Trump: After Saudi Oil Field Attack, US 'Locked And Loaded'

Trump: After Saudi Oil Field Attack, US 'Locked And Loaded' 00:43

The United States believes it knows who was behind the attacks on Saudi oil facilities and is 'locked and loaded.' However, President Donald Trump said Sunday he's waiting for verification. He also wants a Saudi assessment of responsibility before deciding how to proceed. Trump added in a subsequent...

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