Japanese refiners gathering info after attack in Saudi Arabia; government may release oil reserves

The Japan Times 

DUBAI, UNITED ARAB EMIRATES – Oil refiners in Japan, the world's fourth-biggest importer of crude oil, are gathering information on supplies from Saudi Arabia following an attack on the kingdom's key crude oil facilities over the weekend, company officials said on Tuesday. The attack on state-owned producer Saudi Aramco's crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels per day and threw into question its ability to maintain oil exports. Saudi Aramco has not given a specific timeline for the resumption of full output. Saudi Arabia is the world's biggest oil exporter and has been the supplier of last resort for decades. Officials from JXTG Holdings, Idemitsu Kosan Co. and Cosmo Energy Holdings Co. said they were collecting information but declined to comment further on Saudi Arabian oil or alternative supplies.

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