The escalation follows reports of a possible total operational shutdown at the Abqaiq facility and emergency flaring at the Khurais field that has continued for seven days. Abqaiq processes 7 million barrels per day, or 7% of global supply, and Ghawar historically produces over 5 million barrels per day. These events occur as US Air Force KC-135R and E-11A aircraft operate near the Saudi-Iraq border and a hurricane has removed 1.28 million barrels per day from US Gulf output, causing oil prices to jump more than 5%.
