Oil Explodes 20% Higher, Biggest Jump On Record

Source: https://www.zerohedge.com/commodities/oil-explodes-19-higher-biggest-jump-28-years
Published: Sep 15, 2019
Author: Tyler Durden
Post Date: 2019-09-15 19:10:09 by Horse
Views: 181

Brent has reopened for trading, and in the aftermath of Saturday's attack on the "world's most important oil processing plant", exploded some 19% higher, its biggest jump since 1991.

Poster Comment:

This was after a Yemeni drone attack on Saudi processing facilities. This benefits, Iran and US oil producers. Some of the latter were near bankruptcy.

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#1: Horse    To: All (#0)

Satellite Images Reveal It Would Take "Months" To Fix Saudi Oil Facility

US officials "certain" the attack actually originated from Iraq, given a level of "sophistication" which would link it to Iran's elite IRGC.

https://www.zerohedge.com/energy/declassified-satellite-images-reveal-it-would-take-months-fix-saudi-oil-facility

Horse posted on 2019-09-15 23:11:31   Reply   Private Reply

#2: BTP Holdings    To: Horse (#0)

US oil producers

My ex-codriver lived in Checotah, Oklahoma. He tapped into an Arco pipeline and filled a 3,000 gallon tank with oil. He told me the inspectors were walking along the pipeline route looking for the leak.

I met his Daddy years ago. He moved to Checotah in the 1930s. It was a boom town because of the oil and there was one killing a week. ;)

BTP Holdings posted on 2019-09-15 23:14:29   Reply   Private Reply

#3: Horse    To: All (#0)

Could Be "Weeks" Before Aramco Restores Full Production Capacity As Specter Of $100 Oil Looms

The 5.7 million barrels a day outage is the single worst supply disruption even over and against the first Gulf War and the 1979 Islamic Revolution in Iran.

https://www.zerohedge.com/energy/aramco-could-face-weeks-restoring-full-production-capacity-specter-100-oil-looms

Horse posted on 2019-09-15 23:17:41   Reply   Private Reply