Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.
That closure is set to affect almost 5.7 million barrels of crude production a day, according to Saudi Aramco. That's about 5% of the world's daily oil production. In August, Saudi Arabia produced 9.
85 million barrels per day, according to theThe Kingdom's energy minister said the attacks also led to a halt in gas production, which is set to reduce the supply of ethane and natural gas liquids by 50%.The attack raised tensions in the Middle East after the United States blamed Tehran for the strikes, and called it an "
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