Saudi Arabia will face a prolonged disruption in oil output (-5.7million bbl/d) because of the attacks to Aramco oil facilities. It is not clear when the damages can be rebuilt and the 5% reduction in global oil supply be compensated.

Bloomberg reported the countries that can support oil supply if the Aramco’s maintenance takes long time which can be seen in the table.

It is important that Iran can increase its output 1.6 M bbl. /d if the US sanctions against this country be removed.

× Call Us on WhatsApp