The drone strike on Saudi oil facilities proves that the global oil supply chain is vulnerable to attack. Markets must start to price a bigger risk premium into oil.
Recent Oil articles
If you’re looking for a reliable source of income for your retirement, you might be better off with high-yielding resources stocks than with an annuity, says Merryn Somerset Webb.
The oil price has spiked after drone strikes crippled some of Saudi Arabia’s vital oil production infrastructure. John Stepek looks at the effect on the global economy, and on the bond bubble in particular.
This week brought talk of a Saudi effort to raise the oil price as Crown Prince Mohammed bin Salman replaced energy minister Khalid al-Falih with Prince Abdulaziz bin Salman.
The delay in listing Aramco, Saudi Arabia’s state-owned oil company, has led to the sacking of the country’s energy minister. John Stepek explains why that’s important for the global economy and for your money.