OIL PRICES leapt when markets opened on September 16th, following a drone attack on the Abqaiq oil-processing plant and the Khurais oilfield in Saudi Arabia on September 14th. . At 7pm London time Brent, the leading international benchmark, was 14.7% up, at $69.09 per barrel.
Prices have been remarkably choppy this year: driven up as American sanctions on Iranian and Venezuelan oil have threatened to restrict supply; and down by signs that the world economy is slowing down, dampening demand. Saudi Arabia, by far the biggest producer in the Organisation of Petroleum Exporting Countries , has tried to stabilise prices, with limited success. In December 2018 OPEC and others, notably Russia, said they would cut production by 1.2m barrels a day.
The attacks call into question plans by Saudi Aramco, Saudi Arabia’s state-owned oil company, to launch what is expected to be the biggest stockmarket listing in history. Last month, during Aramco’s first-ever earnings call with investors, Khalid Al-Dabbagh, the chief financial officer, declared the company’s goal to be “to maintain our position as a world-leading crude-oil producer and lowest-cost producer while providing reliable crude oil supply.” That reliability was already in question.
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Saudi-led coalition: Evidence indicates Iranian arms used in Saudi attackEvidence indicates Iranian arms used in Saudi attack, says Saudi-led coalition Well homeboy had better cancel his talks with Rouhani because he's getting played. SHARPIE EVIDENCE BY POTUS... What about the Saudi attacks on the World Trade Center on 9/11 when our fighter pilots were told to stand down by our own government? Why don’t we focus on the corruption in our own country for a bit and get that under control before we get involved in more foreign issues.
Source: Reuters - 🏆 2. / 97 Read more »
Defense Secretary Mark Esper spoke with Saudi, Iraqi leaders about 'unprecedented attack' on Saudi oil supply'The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that is being undermined by Iran,' Esper tweeted. Why? Let those dummies figure it out!
Source: CNBC - 🏆 12. / 72 Read more »
George Conway mocks #Sharpiegate and Donald Trump's Saudi Arabia ties with a doctored Constitution'Gosh, I went back to take a look at Art. I, sec. 8, cl. 11 of the Constitution, and it looks like someone recently amended it,' Conway tweeted. So 2 weeks later this tabloid is still on sharpiegate😂🤣😂🤣😂
Source: Newsweek - 🏆 468. / 52 Read more »
Why The Attacks In Saudi Arabia Are A Really Big DealA day after the most serious oil infrastructure attack in history, it wasn't even trending on Twitter. But make no mistake, the weekend attack in Saudi Arabia was a very big deal. In order to make AramcoDroneStrike trending on twitter, just add princeAndrew von Epstein to your tweet... or brigitteMacron, vatican pedophiles, meghanMarkle... Sky's the limit. Sorry, Forbes - I'm running a poll about this subject. What do you people think? Is Iran guilty? I'd also recommend reading the Thread for some additional details about the issue in case this is your first time hearing about it. Maybe it's time for elonmusk to put the pedal to the metal and provide a viable alternative to oil.
Source: Forbes - 🏆 394. / 53 Read more »
Saudi Arabia to invite U.N. experts to investigate oil attack: statementSaudi Arabia will invite international experts including from the United Nations... U.N experts should go first to Yemen to find out about the genocide which has been orchestrated by the Saudi-Emarati head choppers, US, UK and the rest of f***ing “CIVILIZED WORLD”. U.N is a joke, at least for the poor Yemenis. Investigators should look into Kashoggi murder while they’re at it.
Source: Reuters - 🏆 2. / 97 Read more »
Putin proposes Russian weapons for Saudi Arabia after oil industry attacksRussia is ready to help Saudi Arabia following attacks on the Saudi oil industry... Putin is trolling. Hmm. Russian weapons used in attack, Russian weapons proposed for defense. A good racket, if you can get it. And trump will agree...
Source: Reuters - 🏆 2. / 97 Read more »