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Does the world have enough oil to cope with the Saudi attacks?


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Posted

An attack on Saudi Arabia’s oil processing plant at Abqaiq has left the world with 5.7 million fewer barrels of oil a day. That’s the biggest ever sudden disruption to global oil supply.

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Posted

It’s possible that the next few days will build toward the most momentous foreign policy challenge Trump will experience. The danger is that he will find military confrontations overseas a useful avenue for a political boost ahead of 2020’s election

Posted

Responsibility has been claimed by Houthi rebels in Yemen, but there’s also suspicion that Shiite militias in Iraq were the culprits. In geopolitical terms, it might not make a difference: Both groups are proxies for Iran

Posted

Emergency stockpiles have only been used three times since the IEA was formed in 1974:

 

1990

2005

2011

There’s more than enough oil in the stockpiles to cover the loss of Saudi supplies for three months. After that, it gets a bit tighter

Posted
Just now, mettastar said:

Oil price perugudha aithe 

already did-ed 

Posted
5 minutes ago, mettastar said:

Oil price perugudha aithe 

exchange rate kuda peruguthundi. :D

 

Posted

what the hell... 

Posted
20 minutes ago, tacobell fan said:

An attack on Saudi Arabia’s oil processing plant at Abqaiq has left the world with 5.7 million fewer barrels of oil a day. That’s the biggest ever sudden disruption to global oil supply.

EElrwO8WwAE1iUm?format=jpg&name=large

what happened here actually ??

Posted
Just now, Biskot2 said:

what happened here actually ??

YOU ONLY NEED TO FIND YOURSELF,EVERYTHING ELSE CAN BE googled  brahmi_flowers.thumb.gif.4cbd35a3310b62a

Posted

Watch out for Russians and Americans now..

Crude is going to be shipped in massive numbers from these two countries...

This drone attack on aramco has enough potential to dislodge saudi as energy supplier or at least may set the tone for America and Russia..

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