Saudi Arabia is the world’s biggest oil exporter and has been the supplier of last resort for decades. Oil prices ended nearly 15 per cent higher on Monday before stabilising. Photo: Reuters

Saudi Arabia soothes Asia over oil supply fears after attacks left South Korea with ‘most to lose’

  • Attack on state-owned producer Saudi Aramco’s crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels per day
  • South Korea and Japan both indicated earlier this week they would consider the coordinated release of oil reserves to ensure supply
Topic |   Saudi Arabia

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Saudi Arabia is the world’s biggest oil exporter and has been the supplier of last resort for decades. Oil prices ended nearly 15 per cent higher on Monday before stabilising. Photo: Reuters
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