BBCNEWS Business Briefing July 14, 2024
Global oil prices have hit their highest in four months after two drone attacks on Saudi Arabian facilities on saturday. Brent crude has jumped 10 to over 66 a barrel. Aramco is the Worlds Biggest Oil producer and one of the worlds most profitable businesses. Around 5. 7 Million Barrels a day have been cut by the attacks, thats roughly half of saudi arabias oil production. Oil prices have eased back slightly after us President Donald Trump authorised the release of us reserves. Aramcos affected facilities at khurais and abqaiq produce around 8 of the worlds oil supply. Bob mcnally served in th...
Source: archive.org