No need for panic on global crude oil price after Saudi blast
On 14th Septmber 2019, there were attacks at two Aramco plants at Abqaiq and Khurais plants, which have capacity to process 7 million barrel per day (m b/d) of crude in Saudi Arabia
on 15-Sep’19, Saudi Arabia said that 5.7million b/d of oil output was temporarily suspended due to the attacks.
The blast in oil installation in Saudi Arabia has caused huge shock and surprise all over the world, creating fear about security issues relating to oil installations, global crude oil supply disruption possibilities and consequent price increase of crude oil.
Shock was more due to the fact that such vital oil installation in Saudi Arabia has been left inadequately defended, particularly since Saudi Arabia’s economy largely depend upon crude oil export income and Saudi Arabia is one of t...









