Urgent: A sudden announcement of Saudi Aramco puts the world in balance



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Oil prices have fallen sharply today after an important Saudi source told Reuters that Aramco's production could return to normal levels in a few weeks, faster than initially expected after the fall after the attacks.

The source said it was possible to restore production lost as a result of attacks on oil facilities in Saudi Arabia in two or three weeks, adding that the Kingdom was about to recover 70 percent of lost production 5.7 million barrels a day.

Brent dropped 5.4% to 65.30 dollars per barrel at 1350 GMT, while the US West Texas Intermediate lost 3.8% to 60.50 dollars per barrel.

The news can be read from the source here

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