By Alex Lawler
LONDON, Sept 16 (Reuters) - An attack on Saudi Arabian oil
facilities has caused the biggest supply disruption in absolute
terms in the last five decades, according to International
Energy Agency figures.
Saturday's attack will cut the kingdom's output by 5.7
million barrels per day (bpd), according to a statement from
state-run oil company Saudi Aramco. It is not yet
known how long it will take to restart the production.
Before this, the biggest known disruption, of 5.6 million
bpd, was prompted by the 1979 Iranian revolution. The chart
shows the current loss against selected earlier disruptions,
according to International Energy Agency figures.
In percentage terms, the Iranian loss was larger as 5.6
million bpd amounted to about 9 percent of world demand at that
time, while the Saudi disruption amounts to over 5% of current
oil consumption.
Major oil supply disruptions https://tmsnrt.rs/301VsQM
Biggest oil price surge since 1991 as "locked and loaded" US
points finger at Iran for attack ID:nL5N2672I3
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