Saudi Aramco CEO says there is a disruption of around 180mln barrels so far; there are no problems related to storage capacity locally or internationally; CEO declines to comment on current oil production levels
Importance
Level 1
- "We will operate the East-West Pipeline at full capacity within two days"
- Have 2mln BPD of spare capacity, so if there are any shutdowns amid the current situation, bringing that spare capacity back will take a matter of days.