Preliminary Thoughts on the Attacks on Saudi Oil Facilities

16 Sep 2019: Oil Prices and Tanker Rates are Significantly Higher. Berthing has Resumed in Ras Tanura, After Being Interrupted on Saturday

Two Saudi oil facilities were attacked on Saturday, September 14. These facilities process 5.7 million barrels per day, more than half of Saudi Arabia’s output and more than 5% of global crude oil production. It is not clear who carried out the attacks, although Yemen’s Houthi rebels have claimed responsibility. How might this impact the oil and tanker markets?

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