Saudi oil attack puts spotlight on global emergency stockpiles


  • World
  • Monday, 16 Sep 2019

FILE PHOTO: Storage tanks are seen at Ecopetrol's Castilla oil rig platform, in Castilla La Nueva, Colombia June 26, 2018. REUTERS/Luisa Gonzalez/File Photo

(Reuters) - Governments worldwide may need to follow U.S. President Donald Trump's move to tap emergency oil stockpiles if top exporter Saudi Arabia is unable to quickly repair the damage inflicted by attacks on its energy industry on Saturday.

The attacks halted 5.7 million barrels per day (bpd) of crude production, more than half of Saudi Arabia's current output, or more than 5% of global oil supply.

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