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Nearly Half Of Saudi Oil Production Disrupted In Houthi Aramco Drone Strikes

Aramco officials convened an emergency meeting to assess the situation.

Aramco officials convened an emergency meeting to assess the situation.
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4 comments on “Nearly Half Of Saudi Oil Production Disrupted In Houthi Aramco Drone Strikes

  1. Welcome back to the Bush re-election strategy.

    • Trump surely will beef up defenses against Iran. Time to bring out the anti-drone guns.

  2. Big Slim Texan

    FYI: Oil aint what it used to be, so as usual, this will be weird!

    Complicating matters further for Texas shale drillers is the increasing shift of the oil slate to lighter forms of crude. Oil coming out of the ground in West Texas was light to begin with, but as drillers begin to shift increasingly from the Midland to the Delaware basin, oil is becoming lighter and lighter.

    The refineries along the Gulf Coast are not equipped to handle oil that light. It is typically mixed in with other streams to create WTI, but rising volumes of ultra-light oil are forcing changes. Instead, the industry is beginning to separate out oil of different qualities, forming new grades, as Reuters reports. In addition to WTI, markets are opening up for West Texas Light (WTL) and even West Texas Condensate (WTC). These newer, lighter grades are trading for discounts, which means that some companies are selling their product for prices well below the prevailing WTI price.

  3. Qassem is a capable opponent with a CIA mark on his back….Somebody has got to fight for the other side…..All is fair in love and war

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