Factbox - Impact of Saudi oil outage on crude, product markets


  • World
  • Tuesday, 17 Sep 2019

FILE PHOTO: Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. REUTERS/Stringer/File Photo

(Reuters) - Attacks on Saudi Arabian oil facilities on Saturday shut down about 5.7 million barrels per day (bpd) of crude production, sending global oil prices soaring.

A prolonged shutdown - at current levels, more than 5% of global oil supply - could lead to increased fuel prices for consumers. Saudi Arabia is the world's biggest oil exporter, normally shipping more than 7 million barrels every day.

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