Saudi Oil Production Rises Back to 75% After Drone Attacks
Saudi Arabia has made significant progress in restoring its oil production after the September 14 drone and missile attacks on two of its key processing plants.
The Khurais facility is now producing over 1.3 million barrels per day, while the Abqaiq plant is outputting about 3 million barrels daily.
This represents more than 75% of the production lost due to the attacks, which halved the country's oil output at the time.
The ability of Saudi Arabia to quickly restore its production has been seen as a demonstration of resilience in the face of potentially damaging shocks, according to ratings agency Moody's.