Saudi Oil Inventories Plunge As Production Is Restored

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Saudi Oil Inventories Plunge As Production Is Restored
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Saudi Aramco is reportedly rapidly returning oil production to pre-attack levels, but their oil inventories have dropped sharply over the past two weeks.

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Maximum production capacity still isn't at pre-attack levels, and Aramco said that won't be restored until late-November. Presently, Ursa measures tank levels from space using Synthetic Aperture Radar satellites. The data is then processed with a machine learning algorithm. The company also reports on flaring activity. These two pieces of information can provide a picture of Saudi Aramco's activities.

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