Saudi attacks rattle shippers' plan to switch fuels


  • World
  • Thursday, 19 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

LONDON/NEW YORK (Reuters) - Refinery outages in Saudi Arabia following weekend attacks on its oil facilities could deal a blow to the shipping industry's preparations for the biggest switch in fuel standards in decades.

Saudi Aramco, the state-run oil company, shut an estimated 40% of its refining capacity, roughly 1 million barrels per day (bpd), following Saturday's missile and drone strikes on a major oilfield and the country's largest processing plant.

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