Oil prices that grew after drone attack on Saudi Aramco will soon stabilize

Oil prices that grew after drone attack on Saudi Aramco will soon stabilize
# 18 September 2019 15:26 (UTC +04:00)

Oil production in Saudi Arabia, which fell by 7.5 mln barrels per day after the drone attack on Saudi Aramco facilities, will soon stabilize. This will lead to stabilization of world oil prices, Aide to the Russian president Andrei Belousov told reporters on Wednesday, APA reports citing TASS.

According to him, the worst scenario includes a new source of destabilization involving Iran.

"From my point of view, the consequences [for Russia — TASS] may not be outright apparent. Because, if the existing trends are maintained, I think production volumes will recover quite quickly now and prices will stabilize. However, if a new source of destabilization arises and Iran will be drawn into it, this is the worst-case scenario that could be," Belousov said.

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