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$100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by Ibusho: 7:33pm On Sep 14, 2019 |
Half of Saudi Arabia's oil production has gone offline following a surprise drone strike. Drones attacked Abqaiq facility in Saudi Arabia and the Khurais oil field run by Saudi Aramco early Saturday morning, the kingdom's interior ministry said, sparking a massive fire at a crude processing plant essential to global oil supplies. The closure will impact nearly 5 million barrels of crude processing per day, affecting 5 percent of the world's daily oil production. And while Aramco is confident that it can recover quickly, if it can't, however, the world could face a production shortage of as much 150MM barrels per month. An outcome which could send oil prices into the triple digits. Houthi rebels-- who are backed by Iran in a yearlong Saudi-led battle in Yemen-- have apparently asserted responsibility for the strikes and pledged that more assaults can be expected in the future. A Houthi spokesperson explained, “We promise the Saudi regime that our future operations will expand and be more painful as long as its aggression and siege continue," adding that the attack involved ten drones. The Iran-backed Houthis have recently been behind a number of assaults on Saudi pipelines, vessels and other energy infrastructure as tensions grow in the region There have been no details on the severity of the damage but Agence France-Presse quoted interior ministry spokesperson Mansour al-Turki as saying that there were no human casualties as a result of the attack. Source: crudeoil.com |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by freeze001(f): 7:36pm On Sep 14, 2019 |
Middle East wahala affecting the entire global community. 1 Like |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by Ibusho: 7:51pm On Sep 14, 2019 |
Nigeria will surely cash in from this. More revenue for us 2 Likes |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by General0847: 8:01pm On Sep 14, 2019 |
Saudi Arabia number 1 exporter of terrorism in the world. |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by debaj10: 8:13pm On Sep 14, 2019 |
Ibusho:wrong. there's a glut in d market, plus d trade war, plus a possible recession. d damage will be sorted by Tuesday, latest. crude price myt bump up to $65 pb, but it'll slide again. minwyl, Nigeria has about 4 supertankers full of crude. u lack oil buyers already, which is why SA can chance u. if buhari had any sense, he'd have made sure atiku won and run away. d pepe wey dey com eh? die fit meet am dia. 1 Like |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by Mykel51(m): 8:51pm On Sep 14, 2019 |
debaj10: Smart analysis...do you trade crude oil |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by debaj10: 10:33pm On Sep 14, 2019 |
Re: $100 Oil? Drone Strikes Halt Half Of Saudi Crude Production by Mykel51(m): 3:01pm On Sep 15, 2019 |
debaj10: Oh ..okay |
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