Friday, 5 Jun 2020

The Repercussions of Striking Saudi Oil Facilities.. Britain Demands a Clear and Unified International Response

BAGHDAD, The United Kingdom condemned the attack on two Saudi Aramco facilities in Saudi Arabia and described it as "dangerous and outrageous."

British Foreign Secretary Dominique Rapp said the attack was a flagrant violation of international law and Britain stood firmly with Saudi Arabia.

"The attack has repercussions on global oil markets and supply, and we have to have a clear and unified international response to its fullest extent," he said.

The attack on Aramco's oil facilities, claimed by the Houthi group, has cut Saudi oil production by almost half, disrupting supplies to more than one country.

It also caused the suspension of pumping a quantity of crude supplies estimated at 5 million and 700 thousand barrels per day, equivalent to about 6% of the global crude supply.

According to the latest figures released by the US Energy Information Administration, Saudi Arabia last month alone produced 9 million and 850 thousand barrels.

4 million barrels per day of Saudi oil exports go to Asia, while the United States imports about 600 thousand barrels.

Source: National Iraqi News Agency

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