Aramco attack: Saudi, oil and regional insecurity risks raised
The 14 September attacks, claimed by the Houthis in Yemen, on Saudi Aramco's largest oil processing facility (Abqaiq, which processes up to 7mbpd of sour crude into sweet crude) and its second largest oil field (Khurais, which pumps up to 1mbpd) follow 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.
A higher profile attack on Saudi amid a more uncertain context
The environment over the past year (and particularly in the past couple of months) has changed in the following ways...
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