Saudi, Gulf stocks fall after attacks on Aramco oil plants

📆 9/15/2019 12:48 PM
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Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked ................

Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.

The index has lost all its gains this year and is down about 18 per cent from its 2019 high of 9,403 points seen in early May. Other petrochemical companies such as Yanbu National Petrochemicals Co and Kayan also announced significant reductions in feedstock supplies.

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