PowerSwitch Main Page
PowerSwitch
The UK's Peak Oil Discussion Forum & Community
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Saudi Arabia forced to shut down half its oil production

 
Post new topic   This topic is locked: you cannot edit posts or make replies.    PowerSwitch Forum Index -> News
View previous topic :: View next topic  
Author Message
UndercoverElephant



Joined: 10 Mar 2008
Posts: 9876
Location: south east England

PostPosted: Sun Sep 15, 2019 12:28 am    Post subject: Saudi Arabia forced to shut down half its oil production Reply with quote

https://www.cnbc.com/2019/09/14/saudi-arabia-is-shutting-down-half-of-its-oil-production-after-drone-attack-wsj-says.html

Quote:

Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi rebels.

The closure will impact almost 5.7 million barrels of crude production a day, about 5% of the world’s daily oil production, according to Saudi Aramco.

Saudi Energy Minister Abdul Aziz bin Salman said the attacks also led a halt in gas production that will reduce the supply of ethane and natural gas liquids by 50%.

Saudi Aramco President and CEO Amin Nasser said nobody was hurt in the attacks and emergency crews have contained the fires and brought the situation under control


Quote:

“This is a big deal,” said Andrew Lipow, president of Lipow Oil Associates. “Fearing the worst, I expect that the market will open up $5 to $10 per barrel on Sunday evening. This is 12 to 25 cents per gallon for gasoline.”

Lipow noted over four million barrels per day of Saudi oil exports go to Asia, while the U.S. imports about 600,000 barrels. The biggest importers in Asia are China at 1.3 million barrels and Japan at 1.2 million barrels.


From what I am reading elsewhere, this is potentially huge. Apparently the damage to this plant is severe, and it is the biggest crude purification plant in the world.
Back to top
View user's profile Send private message
raspberry-blower



Joined: 14 Mar 2009
Posts: 1810

PostPosted: Sun Sep 15, 2019 9:56 am    Post subject: Reply with quote

Already being discussed here: http://www.powerswitch.org.uk/forum/viewtopic.php?t=25364&start=165
_________________
A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools - Douglas Adams.
Back to top
View user's profile Send private message
adam2
Site Admin


Joined: 02 Jul 2007
Posts: 7233
Location: North Somerset

PostPosted: Sun Sep 15, 2019 10:25 am    Post subject: Reply with quote

raspberry-blower wrote:
Already being discussed here: http://www.powerswitch.org.uk/forum/viewtopic.php?t=25364&start=165


Indeed, I have therefore locked this thread so as to keep the discussion in one place.
_________________
"Installers and owners of emergency diesels must assume that they will have to run for a week or more"
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   This topic is locked: you cannot edit posts or make replies.    PowerSwitch Forum Index -> News All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group