When Will Saudi Oil Production Return To Pre-Attack Levels?

Saudi Arabia will restore its oil production to levels slightly above the output just before the attacks on its oil facilities in mid-September, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. Last month, Saudi Arabia sustained an unprecedented attack on its oil infrastructure, which knocked 5.7 million bpd—or 5 percent of global oil supply—offline. The Saudis were quick to assure the market that production would quickly return online, and that not a single oil shipment to customers would be skipped. Last week, Saudi…