As investors move on from concerns around oil supply constraints following the recent Saudi oil attacks, oil market commentators are forecasting a large supply-demand imbalance in the other direction in 2020 with supply growth from the US, Brazil and Norway not expected to be absorbed by new demand. Estimates of… Read the article
Featured Post
On 14 September 2019, Saudi Arabia suffered a drone attack targeting the Abqaiq crude oil processing facility and the nearby Khurais oil field. Described as ‘the heart of Saudi production’, Abqaiq processes c.7 million barrels per day (bpd), roughly 70% of current Saudi output, while Khurais produces around 1.5 million… Read the article