Can global energy markets withstand the attack on Saudi oil?

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globe-Saudi
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September 16, 2019
Pump jacks in an oil field
U.S. confronts latest Gulf crisis as ‘global energy superpower
September 18, 2019

Can global energy markets withstand the attack on Saudi oil?

Major Saudi Arabian oil facilities were attacked in a series of drone strikes on September 14, endangering the supply chain of the world’s largest oil producer and further escalating tensions in a region already on edge.

Ten drones hit oil facilities of the state-owned oil giant Saudi Aramco on September 14—including a massive facility in Abqaiq—in a series of attacks which Houthi rebels in Yemen have claimed responsibility for. Houthi rebels have been fighting Yemen’s government—supported by Saudi Arabia and other Gulf allies—since 2015.
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