United Kingdom  

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…
0
shares
ShareTweetSavePostSend
 
Video credit: Wochit News - Published
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...

You Might Like


Related videos from verified sources

How BP's CEO Reportedly Planning to Retire Could Impact Big Oil [Video]

How BP's CEO Reportedly Planning to Retire Could Impact Big Oil

Bob Dudley, BP's CEO, is reportedly preparing to step down from the British oil giant after a decade of running the company, a period in which it recovered from the Gulf of Mexico oil spill disaster..

Credit: The Street     Duration: 01:14Published
Saudi Crown Prince Warns of ‘Total Collapse of Global Economy’ if There’s War with Iran [Video]

Saudi Crown Prince Warns of ‘Total Collapse of Global Economy’ if There’s War with Iran

Following attacks on two of his country’s oil facilities, Saudi Arabia’s Crown Prince Mohammad bin Salman warns that a war with Iran would result in “a total collapse of the global economy.”..

Credit: Veuer     Duration: 01:02Published
Saudi crown prince warns of soaring oil prices [Video]

Saudi crown prince warns of soaring oil prices

Saudi Arabia's crown prince warns in a 60 Minutes interview that oil prices could spike over tensions with Iran, and denies involvement in the killing of journalist Jamal Khashoggi nearly one year..

Credit: Reuters Studio     Duration: 01:19Published

Tweets about this