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Saudi Aramco CEO Amin Nasser of Saudi Aramco said that Saudi Arabia is in discussions with foreign governments to use these countries' strategic oil reserve facilities to enhance resilience in the event of supply disruptions. The move comes after Yemen's Houthis recently attacked Saudi critical infrastructure in succession. Among them, the drone attack in September caused Saudi Arabia's most important oil pipeline to stop operating for several days. Saudi authorities said Saudi Aramco's Shaybah oil field and Dammam Airport were attacked separately on Wednesday, causing two deaths each. Brent crude rose above $112 a barrel on Thursday as violent clashes heightened market concerns about further disruptions in Saudi oil supply.
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Saudi Aramco CEO Amin Nasser of Saudi Aramco said that Saudi Arabia is in discussions with foreign governments to use these countries' strategic oil reserve facilities to enhance resilience in the event of supply disruptions. The move comes after Yemen's Houthis recently attacked Saudi critical infrastructure in succession. Among them, the drone attack in September caused Saudi Arabia's most important oil pipeline to stop operating for several days. Saudi authorities said Saudi Aramco's Shaybah oil field and Dammam Airport were attacked separately on Wednesday, causing two deaths each. Brent crude rose above $112 a barrel on Thursday as violent clashes heightened market concerns about further disruptions in Saudi oil supply.
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