The comments came during a press conference by Saudi Arabia’s energy minister Prince Abdulaziz bin Salman. The world’s largest crude oil processing facility and heartbeat of Saudi Arabia’s energy industry was targeted in drone attacks early Saturday morning that knocked out half of the OPEC kingpin’s production capacity. Abqaiq in Saudi Arabia’s Eastern province and the nearby Khurais oil field, Saudi Arabia’s second-largest, suffered fire damage on Saturday that shut shut out 5.7 million barrels of daily crude production. That represents 50% of the kingdom’s oil output, or 5% of global oil production. Abqaiq is the ... (full story)