An attack on Saudi Arabia's state oil giant Aramco processing facilities has knocked more than half of the country's oil output offline. The plants were reportedly attacked by drones early Saturday morning with Yemen's Houthi group claiming responsibility. The attack will temporarily halt 5% of global oil supply. Existing supplies will allow exports to continue to run near normal this week. 50% of the lost production is said to be returned in a matter of days although a restoration to full capacity may take weeks.

An attack on Saudi Arabia's state oil giant Aramco processing facilities has knocked more than half of the country's oil output offline.  The plants were reportedly attacked by drones early Saturday morning with Yemen's Houthi group claiming responsibility.  The attack will temporarily halt 5% of global oil supply.  Existing supplies will allow exports to continue to run near normal this week.  50% of the lost production is said to be returned in a matter of days although a restoration to full capacity may take weeks.