What will happen if Saudi Arabia cuts production by nearly half?

AFP news agency, 15, Saudi Arabia’s energy minister said on Saturday that Saudi oil company Ami’s two oil facilities have temporarily stopped production, resulting in the company cut its total production by about half. Yemen’s Hussein armed forces claimed responsibility for the drone attack on two major oil facilities of Saudi state-owned oil company Ami on Thursday, triggering a fire. Subsequently, Saudi Arabia and the United States held an emergency meeting for discussion.
In a statement issued by Saudi official news agency, the Saudi energy minister said that the attack “led to the temporary suspension of production at Abqaiq and Khurais factories”. He added that this would result in nearly half of oil production being cut by 5.7 million barrels a day.
In addition, Reuters quoted Saudi National News Agency as saying that after the attack, Saudi Crown Prince Mohamed Ben Salman said on a regular phone call with US President Trent that “Saudi Arabia is willing and capable of confronting and dealing with terrorist aggression”. Trump affirmed that Washington and Riyadh were allies and would support Saudi Arabia, emphasizing that the attacks would have negative effects on the United States and the global economy.
In addition, U.S. Secretary of State Pompeo completely blamed Iran for the attack, tweeting that the United States and its allies would pursue Tehran’s “responsibility”.

广州桑拿