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Attack on Saudi oil facilities

23 0 0
17.09.2019
Seoul should make effort to avoid potential supply disruption

Saudi Arabia, the largest supplier of crude oil to Korea, shut down about half of oil production Saturday following a series of drone attacks on two of its key installations. The closure will affect 5.7 million barrels of crude oil production a day, about 5 percent of the world's daily total. It is apparent that international oil prices will rise for the time being.

Crude prices spiked on international markets immediately. The futures price of Brent crude soared to $71.95 per barrel on the........

© The Korea Times