Home Current News The Latest: Saudi minister: 50% of crude reduction restored

The Latest: Saudi minister: 50% of crude reduction restored

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The Latest: Saudi minister: 50% of crude reduction restoredSaudi Arabia’s energy minister says 50% of the production cut by the attack on its oil processing plant has been restored. The attack Saturday struck a Saudi oil field and the world’s largest crude oil processing plant, which knocked out 5.7 million barrels of crude oil production per day for the kingdom, or about 5% of the world’s daily production. The prince added that within this month, production capacity will be up to 11 million barrels per day by the end of September.

Source: yahoo.com/news