It’s Official: 5.7 Million Barrels Of Saudi Oil Production Shut After Aramco Drone Attacks
SPA has released statements from Saudi Arabia's (new) energy minister and from Saudi Aramco, relating to the drone attacks against Abqaiq and Khurais.
5.7 million barrels of production - around 50% of the country's output - was affected, in line (or slightly above) initial estimates.
“The next big question is where the drones came from", Rapidan Energy's Bob McNally told CNBC. "If Iraq, then oil will go up more than a few dollars and if Abqaiq kills talks of easing sanctions and the discussi
If crude goes up $10, fade that and liquidate most positions to fade more up $5.
Selling my Oil’s on Monday….Agree
Re: “There are no injuries and thankfully among the staff,”
Considering that global supplies apparently are massively impacted, it is a miracle that not much infrastructure was impacted and that nobody was hurt, it’s almost like insurance fraud, just like here in America, when just like magic, old refineries burn to the ground and nobody gets hurt. I’m sure this is all normal, but color me a bright shade of skeptical, this seems political with a large dose of economic manipulation, connected to an inability of the Saudis to detect incoming attacks from drones and rockets — this stinks in a very strange way!
Can the Saudis be trusted to report anything fully and/or accurately? Cuz like, you know, bone saw.