The biggest oil-supply disruption in history has upended the entire energy market. These 3 drivers could dictate what happens next.

"While Aramco officials have suggested that exports may restart within days, there is a high degree of ambiguity around timing, extent of damage, coordinated supply response measures and the impact on investor sentiment," Croft said.

Going forward, the best real-time gauge of tightness in the oil market is demand from Asian countries including Japan and Korea, according to Croft. She expects them to lean more on US and West African exports while Saudi gets back to speed.Iran and Venezuela were already tight on so-called sour crude oil that contains a higher amount of sulfur. The drone strike has knocked out a good share of Saudi's output of this grade.

The latest shortfall can wreck havoc on global trade patterns, as refiners who need a specific kind of crude may struggle to find the amounts they require, Croft said.Global refinery margins have been trending lower over the past year, suggesting that demand for oil was softening.

WE HAVE PLENTY OF OIL.

Was this attack a ploy to increase the crude prices? Benefits some mighty rich for sure & buyers anyways don't have many options.. JustAsking SaudiArabia SaudiAramco Iran USA Israel POTUS Trump Rouhani

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Australia stocks set to trade little changed; oil prices spike 13% after attacks on Saudi oil productionInvestors will watch for market reaction in shares of oil companies across the region on Monday, following a surge in crude prices after drone attacks hit Saudi oil supply. A spike just in time for the IPO ... how convenient. Just the beginning. $100 oil coming. Billions to be made in this IPO.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »