Abstract
The bombings of Saudi Aramco’s oil-refining complexes in Khurais and Abqaiq, Saudi Arabia, on Saturday, Sept. 14, caused a spike in prices for oil and some petrochemicals because of concerns about a tightening global supply. The attacks, which US officials are linking to Iran, forced Saudi Aramco to suspend production of 5.7 million barrels of crude oil per day. That’s half of Saudi Arabia’s oil production and 5% of global output. According to news reports, the attackers launched at least 20 drones along with other missiles and hit 14 storage tanks and three processing trains. Production at the Khurais complex resumed 24 h after the attack, Saudi Aramco CEO Amin H. Nasser said at a press conference. Production at the Abqaiq refinery is back up to 2 million barrels per day—around 50% of full production—and will return to full production by the end of September, Nasser said. Chemical plants at
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