An executive at the Saudi Arabian state oil giant, Aramco, said that “we are confident of returning to full production by the end of September”, per Reuters.
He added that 30% of production was already restored within 24 hours of the attacks.
Both crude benchmarks are seen clinging to moderate gains amid escalating Mid-East tensions, as the latest comments offer nothing different than what was reported by the Saudi Energy Minister Prince Abdelaziz earlier this week.
- Saudi FinMin: Aramco's announcement on restoring production proves it can swiftly deal with any crisis
- Saudi energy minister: Oil supply is fully back online
Separately, the Iranian state media reported the Iran Revolutionary Guards Commander, as saying that Iran will respond from the Mediterranean to Indian ocean against any US plots.
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