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home / news releases / YGRN - Aramco's Robust Recovery Disproves Rationale For Oil Price Risk Premium


YGRN - Aramco's Robust Recovery Disproves Rationale For Oil Price Risk Premium

Saudi Aramco (ARMCO) has restored its production to pre-attack levels, according to reports from Reuters and Bloomberg. Production at the Khurais field is at 1.3 million barrels per day and the Abqaiq plant is about 4.9 million. Total production capacity is estimated to be 11.3 million. If so, this is ahead of the end-September schedule many skeptics believed was overly ambitious.

According to public reports, I estimate the total impact of the disruption to be around 36 million barrels, as depicted in the chart below.

Based on data from the Joint Oil

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Stock Information

Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Stock Symbol: YGRN
Market: NYSE

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