Explained: Why twin strikes on Saudi Arabia oil facilities matter worldwide | Explained News, The Indian Express

Explained: Why twin strikes on Saudi Arabia oil facilities matter worldwide | Explained News, The Indian Express

By Explained Desk |New Delhi |Updated: September 16, 2019 7:09:48 am

Explained: Why twin strikes on Saudi Arabia oil facilities matter worldwide

Saudi Aramco drone attacks have impacted the Kingdom's oil production and exports, and in turn the global oil market.

Satellite image shows smoke rising from Aramco’s Abqaiq processing facility in Buqyaq, Saudi Arabia. Planet Labs Inc via AP

On Saturday, Houthi rebels from Yemen carried out drone attacks on two major oil facilities in Saudi Arabia, including the world’s biggest petroleum processing facility run by state-owned Saudi Aramco. This has impacted Saudi Arabia’s oil production and exports, and in turn the global oil market.