IHS Markit reports that the oil price jump resulting from the attacks in Saudi Arabia will not have any impact on the trajectory of 2019 US shale production.
Drone attacks on Saudi Aramco will severely disrupt NGL and petrochemicals supply, much more than oil. The impact on global economic and geopolitical dynamics will be huge, reports Joseph Chang, Global Editor, ICIS Chemical Business.
Saudi Aramco have announced that full production will be restored by the end of September following the attacks on its Abqaiq and Khurais plants.
GlobalData has made a comment on the impact of the Saudi Arabian oil outage on global oil prices, and how this may test the US’s ability to swing supply.
Rystad Energy has made a comment on the recent drone attacks on Aramco oil facilities in eastern Saudi Arabia.
Saudi Aramco has signed a memorandum of understanding with China’s Zhejiang Free Trade Zone, expanding the company’s downstream investment.
ExxonMobil, BASF, Aramco, and four other companies have signed an agreement to accelerate the development of open process automation systems.
Saudi Aramco selected Sherwin-Williams’ single coating corrosion protection product for its Ras Tanura refinery.
Saudi Aramco has signed 12 agreements worth billions of dollars with various South Korean companies.