World oil prices fall after Saudi announcement
Economy News _ Baghdad
World oil prices fell on Wednesday morning after Saudi Arabia announced the restoration of its full production capacity by the end of September, and due to data on an unexpected increase in US oil reserves.
Brent North Sea crude for November delivery was down 64.53 barrels, down 0.03 percent, while Texas Intermediate crude futures for November delivery fell 0.32 percent to $ 58.91 a barrel.
Saudi Energy Minister Prince Abdul Aziz bin Salman has announced the return of oil supplies to what they were before, before the attack on oil facilities belonging to Aramco, pointing out that the attack led to the interruption of about 5 million and 7 thousand barrels of crude oil, also confirmed that The company will fully meet its obligations to its customers this month by withdrawing from inventory.
The group "Ansar Allah" last Saturday, a drone attack on two oil facilities belonging to the Saudi oil giant "Aramco" in "Abqaiq" and "Hijrat Khurais" in the eastern region of Saudi Arabia.