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Here’s How The Oil Market Would Deal With Another Massive Saudi Outage
Crude slipped again on Wednesday after plunging in the previous session after new Saudi energy minister Prince Abdulaziz Bin Salman said the kingdom is well on its way to restoring production following the attacks on Aramco that crippled 50% of Saudi output.
Despite the pullback, prices were still some 6% higher than they were last week and generally speaking, analysts expect the market will henceforth be wary of failing to price in a geopolitical risk premium.
"Even if the current situation n
Or we could go all in on electric cars, nuclear, and renewables…. Nah.
Disaster odds are not calculable when the ” run mouth insert foot crowd is in charge” Are they not ????
You wouldn’t think the Iranians just wanted to show the world that Aramco might not be the best place to invest their money when the IPO hits as it seems to be at the end of the missile test range.