New Delhi: Union Petroleum Minister Dharmendra Pradhan on Monday asserted that India will not face any disruption in oil supply, after the drone attacks on the oil stabilization centers of Saudi Aramco over the weekend. 
“Following the attacks on the oil stabilization centers of Saudi Aramco, top executives of Aramco have been contacted. Indian ambassador in Riyadh contacted the senior management of Aramco to ensure a steady supply to India. We have reviewed our overall crude oil supplies for the month of September with our Oil Marketing Companies (OMCs)”, said Pradhan. 
He added, “We are confident there would be no supply disruption to India. We are closely monitoring the evolving situation”.
Notably, a massive drone strike on the world’s largest crude-processing facility operated by Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia’s production as it cut 5.7 million barrels per day or over 5 per cent of the world’s supply.

Oil prices surged the most on record on Monday, with Brent crude rising by as much as 19.5 per cent to USD 71.95 per barrel – the biggest gain in dollar terms since futures started trading in 1988.

Officials at state-owned oil refiners said Saudi Aramco has informed that there would not be any major disruption but has sought flexibility for switching to different grades for continuing supplies.
(With inputs from agencies)