Saudi Aramco’s Oil Stockpiles Can Cover Lower Output -- For Now
- Aramco has 66.4 million barrels of crude storage capacity
- Depleted Saudi stockpiles have left global oil vulnerable: Sen
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Saudi Arabia’s pledge to fulfill all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns.
State oil company Saudi Aramco has more than enough oil to get it to the end of the month, when it’s promised to restore normal levels of production. But if that timetable slips, things could get trickier.