Here’s How The Oil Market Would Deal With Another Massive Saudi Outage

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
Subscribe or log in to read the rest of this content.

3 thoughts on “Here’s How The Oil Market Would Deal With Another Massive Saudi Outage

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.