Saudi Arabia's oil exports are down by about as much as an average 1.5 million barrels a day since its state run oil company was attacked Sept. 14.
is buying diesel fuel from India and the UAE, and is also looking for jet fuel and naphtha.
"The jury is out as to whether or not they are going to get back to full strength as quickly as they claim. If they are able to, we won't have a problem. If they aren't, the problems start now," said John Kilduff of Again Capital. "If they can't get back to normal rapidly, we'll approach shortages particularly in refined products."
Kpler's Reid I'Anson said he believes Saudi is down about 1 million barrels a day, but the amount of exports fluctuate daily. "We have seen them purchasing petroleum products in order to lower runs through their domestic refineries," he said.
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