Saudi Arabia’s oil production capacity has been restored to more than 8 million barrels per day (bpd), following the attacks on energy infrastructure earlier this month, according to the Financial Times.
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Two people briefed on the situation provided these insights. The rise marks the restoration of more than three-quarters of lost production.
The drone and missile attacks on Saudi oil infrastructure on September 14 knocked 5.7 million bpd (5%) of global oil supply.
It still leaves the kingdom’s output at least 1.5 million bpd below the level it was before the attacks.
As of Monday, Saudi Arabia was said to have restored 75 percent of the production lost in the attacks.
Output at the Khurais oil field was more than 1.3 million bpd as of Monday, while production from Abqaiq stood at around 3 million bpd.
Current production at the Abqaiq plant is said to be around 4.9 million bpd now.