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Saudi Aramco Drone Attack Latest… Bloomberg

You are here: Home / Commodity Research / Saudi Aramco Drone Attack Latest… Bloomberg

September 15, 2019 by Jim Colburn Leave a Comment

Nayla Razzouk and Javier Blas, Bloomberg, update us on the drone attack, here…

“For the global oil market, the 5.7 million barrels a day outage is the worst single and sudden supply disruption ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990, and the loss of Iranian oil output in 1979 during the Islamic Revolution, according to data from the U.S. Energy Department.”

Tonight’s opening should be interesting…

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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