Saudi officials and the international oil agency IEA sought to reassure the world's oil consumers and tamp down speculation that the U.S. and Europe would have to tap emergency stockpiles
Officials in Saudi Arabia indicated it would return to normal levels of oil production by Monday, as they sought to reassure world markets after a drone attack Saturday on one of the kingdom’s most productive oil facilities prompted it to cut its crude production in half.
The attack led to speculation that the U.S. and Europe could release emergency stockpiles. On Saturday, the International Energy Agency, a Paris-based group representing top energy-consuming nations, said it was in contact with Saudi authorities and major...
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