Saudi Aramco’s full return to normal oil production volumes reportedly ‘may take months’

News

Reuters reports, citing two sources familiar with the situation

It’s still a rather vague timeline but given the extent of the destruction, it wouldn’t be surprising that this could take 3-6 months at the very least.

In the mean time, the disruption above and heightened geopolitical tensions should be able to keep oil prices underpinned in the short-term in spite of Saudi Arabia being able to offset supply shortages via stockpiles.
ForexLive

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