Saturday’s attacks on Saudi Aramco's largest oil processing facility, Abqaiq, and its second-largest oil field, Khurais, followed a number of others on Aramco and regional oil supply chain assets over the past year. But the context has changed and the sensitivity of asset prices to these attacks may be significantly greater. Here, we look at potential oil price winners and losers, and the loss of the GCC “hedge”.
A higher-profile attack on Saudi amid a more uncertain context
Prior to the attack, the environment over the past year (and, particularly, in the past couple of months) had changed in the following ways...
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