Canada is counting on its geographical isolation as a key to protecting itself from attacks like the one this past weekend in Saudi Arabia that knocked about 5% of global supply offline.
— Read on www.bloomberg.com/news/articles/2019-09-16/after-saudi-oil-drone-attack-canada-touts-remoteness-security
Tag: Oil
Saudi Attacks Reveal Oil Supply Fragility in Asymmetric War
(Bloomberg) — The latest and most destructive attacks on Saudi oil facilities provide stark evidence of the vulnerability of global crude supply in an age of disruptive technologies that can bring a century-old industry to its knees — at least temporarily.From remote-controlled drones to anti-ship
— Read on ca.finance.yahoo.com/news/saudi-attacks-reveal-oil-supplys-094344781.html
U.S. oil’s 10% surge after Saudi attack puts it on track for the biggest daily gain in 3½ years – MarketWatch
Oil futures surged in electronic trade on Sunday, with West Texas Intermediate set to jump more than 10% after a weekend drone attack on a major crude…
— Read on www.marketwatch.com/story/us-oils-10-surge-after-saudi-attack-puts-it-on-track-for-the-biggest-daily-gain-in-312-years-2019-09-15
Brent jumps about 9% after drone strikes disrupt Saudi crude production
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.
— Read on www.cnbc.com/2019/09/15/us-crude-oil-jumps-15percent-after-drone-strikes-disrupt-saudi-crude-production.html
Oil prices: Saudi drone strikes wipe out 5% of global supply
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.
— Read on www.cnbc.com/2019/09/16/oil-prices-saudi-drone-strikes-wipe-out-5percent-of-global-supply.html
Trump says US ‘locked and loaded’ after attack on Saudi oil supply
“There is reason to believe that we know the culprit,” Trump said in a post on Twitter.
— Read on www.cnbc.com/2019/09/15/trump-says-us-is-locked-and-loaded-after-attack-on-saudi-oil-supply.html
Aramco Saudi Arabia: Attacks on oil supply wipe out spare capacity
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.
— Read on www.cnbc.com/2019/09/16/aramco-saudi-arabia-attacks-on-oil-supply-wipes-out-spare-capacity.html
Oil stocks in Asia Pacific after drone attacks in Saudi Arabia
Drone attacks over the weekend knocked out about half of Saudi Arabia’s daily crude production, causing oil prices to shoot up.
— Read on www.cnbc.com/2019/09/16/oil-stocks-in-asia-pacific-after-drone-attacks-in-saudi-arabia.html
Saudi Arabia aims to restore one-third of lost oil output by Monday, WSJ says
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal reported Sunday,
— Read on www.cnbc.com/2019/09/15/saudi-arabia-aims-to-restore-one-third-of-lost-oil-output-by-monday-wsj-says.html
Saudis race to restore oil output after Aramco attacks – BNN Bloomberg
Saudis race to restore oil output after Aramco attacks – BNN Bloomberg
— Read on www.bnnbloomberg.ca/saudis-race-to-restore-oil-output-after-aramco-attacks-1.1316370