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Saudi Arabia


Turmoil and market stability.

By: Ryan Wolfe / Posted on: September 26, 2019

Recent drone attacks have wreaked havoc on the Saudi Aramco oil facilities along with imposed sanctions on Venezuela and Iran.  These events should all be pointing one direction for the crude prices…..up.  Instead of the anticipated price increase, the recent fear of recession has helped keep the market in check.  

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Trade War Takes a Back Seat to Oil Fundamentals

By: George Butler / Posted on: September 20, 2019

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The Cost to Consumers

By: Matt Reese / Posted on: September 17, 2019

The events over the weekend in Saudi Arabia are causing concerns throughout the nation.  The oil installations attacked resulted in the removal of six percent of daily world consumption, which will have an impact on motorists and consumers in the United States as early as today.  The attack on Saudi Aramco’s Abqaiq plant in Buqyaq and the Khurais oil field is the biggest disruption to Saudi Arabia’s oil industry since the early 1990’s.  The pain consumers may feel center around how long it takes normal output from the world’s second-largest oil producer to return.

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How The Attack on Saudi Oil Fields Could Impact the Market

By: Dalton Ordway / Posted on: September 16, 2019

What Happened

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Oil Tanker Sabotage

By: Jon Babyak / Posted on: May 14, 2019

Tensions in the Middle East rose again over the weekend after reports indicated that four oil vessels were “attacked” or “sabotaged” at the mouth of the Persian Gulf near Fujairah Emirate, just outside of the Strait of Hormuz.  The United Arab Amirates (UAE) stated that the damaged ships were two crude oil tankers owned by Saudi Arabian shipping firm Bahri, one fuel bunker barge flying a UAE flag and Norwegian oil products tanker owned by Thome Ship management.  These reports are still largely unconfirmed, but come as no surprise given the recent rhetoric and geopolitical tensions facing the region.

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