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Aramco cuts production at two oil fields due to Strait of Hormuz disruptions
Investing.com – According to two sources on Monday, Saudi Aramco has begun reducing production at two of its oil fields due to potential disruptions in the Strait of Hormuz caused by the US-Israel conflict with Iran and subsequent attacks on the waterway.
The specific affected oil fields and the extent of the production cuts have not been disclosed immediately. Aramco has been rerouting some crude oil shipments to the port of Yanbu in the Red Sea. The company did not respond to requests for comment.
Other neighboring countries of Saudi Arabia have also experienced attacks and have accordingly lowered their production levels.
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