Global spare oil capacity in U.S. hands after Saudi outage

FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo

LONDON (Reuters) – An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country‚Äôs production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers. Saudi Arabia has yet to […]

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