Saudi Arabian Aramaco Oil Plant Attacked by Houthi Rebels Affects 5mbpd Production

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  • #21904
    TradersCom
    Keymaster

    Houthi rebels from Yemen launched successful drone attacks…

    [article]1721[/article]

    #21905
    MoneyNeverSleeps
    Participant

    Secretary Pompeo @SecPompeo

    Tehran is behind nearly 100 attacks on Saudi Arabia while Rouhani and Zarif pretend to engage in diplomacy. Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world’s energy supply. There is no evidence the attacks came from Yemen.

    Secretary Pompeo @SecPompeo

    We call on all nations to publicly and unequivocally condemn Iran’s attacks. The United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression

    #21906

    [color=purple][size=5][i]Hopefully investigations including maybe finding drone parts will lead to source

    Loosing 5.7M BARRELS of output is bad news in so many ways 🙁

    [color=red][b]1. OIL prices will spike (plan to fill up car tomorrow morning)
    2. Higher OIL prices ahead — greatly impacts world wide slowing economies to slow even more so
    3. Replacing infrastructure takes MONTHS & certainly innocent lives perished
    4. Worst all — tensions & retaliation may ultimately lead to WWIII
    5. If it is IRAN even the nuclear reactor may be taken out (I don’t think Yemen can build these type drones?)[/b][/color]

    I can see MARKETS plunging on event like this — but they often sometimes hold off[/i][/size][/color]

    #21907
    Truman
    Participant

    Iran Reject U.S. Accusations Over Saudi Oil-Facility Attacks

    Iran on Sunday said

    “Such fruitless and blind accusations and remarks are incomprehensible and meaningless,” foreign ministry spokesman Abbas Mousavi was quoted as saying in a statement.

    “Such remarks… are more like plotting by intelligence and secret organisations to damage the reputation of a country and create a framework for future actions,” he said.

    “The Americans have taken the policy of ‘maximum pressure’ which has apparently turned into ‘maximum lying’ due to their failures,” said Mousavi.

    #21908
    Truman
    Participant

    Saudi Arabia is close to restoring as much as 40%

    Amena Bakr @Amena__Bakr

    Industry sources told Energy Intelligence that a combined 2.3 million b/d of oil capacity was planned to be brought back within a day — 2 million b/d from the crucial 7 million b/d Abqaiq processing facilities on Monday and 300,000 b/d from the giant Khurais onshore oil field, the country’s second-biggest, on Sunday. To make up for lost capacity, Aramco is also planning to boost production from its offshore fields by around 250,000 b/d, but it is still unclear by when the entire capacity can be restored.

    In a statement issued late Saturday, Aramco had said that work was “underway to restore production and a progress update will be provided in around 48 hours.”

    http://www.energyintel.com/pages/eig_article.aspx?DocID=1048097&utm_campaign=top-story&utm_medium=site&utm_source=1&utm_content=Saudi+Starts+Restoring+Some+Output+After+Attacks-1048097&ts=1

    #21911

    [size=5][i]Good morning … as early Morning update from early morning “fake news” reports – lol

    1. Thought futures might be down 1,000 points but DOW futures are only -100
    2. OIL spiked by 10% to $60 barrel
    3. As Blarney shares other refineries can take up a little slack to offset some of massive loss
    4. Also, while some repairs will take months – some damages can be fixed quickly as well
    5. and the “hunt” goes on to determine “who” & “why”[/i][/size]

    #21913
    TradersCom
    Keymaster

    [b]Update
    [/b]
    President Trump announced he has approved “the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount” after the series of drone attacks in Saudi Arabia impacted the country’s oil output, leading to a surge in global prices.

    Trump said the U.S. has “reason to believe that we know” who is responsible for the attacks. His statements come just after Secretary of State Mike Pompeo blamed Iran for the attacks on Sunday. Pompeo cited the country’s support for Houthi rebels in Yemen, who claimed responsibility for the attack, and said the United States would “ensure that energy markets remain well supplied and Iran is held accountable for its aggression.”

    Saudi Aramco has told some clients that vessel loading has resumed following disruptions caused by the weekend’s attacks on Saudi oil facilities, two sources who received the notice told Reuters on Monday. The state company’s Oil Supply Planning and Scheduling (OSPAS) department, citing the notice, said loading operations were in progress.

    Three sources with major Asian refineries, including one of the two that have seen the port notice, told Reuters that their oil tanker loading was normal as of Monday.

    #21915
    MoneyNeverSleeps
    Participant

    [b]Trump Calls Out Iran
    [/b]
    Donald J. Trump @realDonaldTrump

    Remember when Iran shot down a drone, saying knowingly that it was in their “airspace” when, in fact, it was nowhere close. They stuck strongly to that story knowing that it was a very big lie. Now they say that they had nothing to do with the attack on Saudi Arabia. We’ll see?

    [tweet]1173586320943456258[/tweet]

    #21916
    MoneyNeverSleeps
    Participant

    Moody’s Notes Attacks on Saudi Aramco’s oil facilities “credit negative and the disruption is significant,”

    Rehan Akbar, a Moody’s vice president. added that the ratings agency does not expect the attacks “to leave a long-lasting impact on Saudi Aramco’s financial profile given its robust balance sheet and strong liquidity buffers.”

    “This event, however, highlights the credit linkages the company has to Saudi Arabia both in terms of geographic concentration, and more importantly exposure to geopolitical risk,” Akbar said on Monday.

    The strikes have been claimed by the Iran-backed Houthi militia in Yemen. However, the scope and precision of the drone attacks show they were launched from a west-northwest direction rather than from Yemen to the south, senior US administration officials said on Sunday.

    #21918
    TradersCom
    Keymaster

    US President Trump says again US could release oil from its SPR reserves

    Adds that other countries could be a little more generous supplying oil, and bring prices down – ‘that’s not a problem’
    Says oil prices have not risen that much in the wake of the attack on Saudi oil plants
    Says he doesn’t want war with anyone but the US is prepared
    US has a lot of options but he’s not looking at options yet; the US wants to find out who was responsible

    #21921
    TradersCom
    Keymaster

    Update Reuters

    – SAUDI’S ARAMCO ALLOWS EMPLOYEES TO ENTER ABQAIQ COMPOUND FOR THE FIRST TIME SINCE THE ATTACK – ALARABIYA – Reuters News
    – U.S. VICE PRESIDENT PENCE SAYS U.S. MILITARY IS “READY” AFTER SAUDI OIL ATTACKS
    – PENCE SAYS U.S. READY TO DEFEND OUR INTEREST AND OUR ALLIES
    – PENCE SAYS POMPEO TRAVELING TO SAUDI ARABIA TUESDAY
    – PENCE SAYS IF IRAN CONDUCTED SAUDI ATTACK TO PRESSURE TRUMP TO BACK OFF MAXIMUM PRESSURE CAMPAIGN, THEY WILL FAIL
    – PENCE SAYS ATTACKS AGAINST OUR ALLIES AND THE GLOBAL ENERGY SUPPLY WILL FAIL
    – PENCE SAYS U.S. EVALUATING ALL EVIDENCE, CONSULTING ALLIES AND WILL DECIDE BEST COURSE OF ACTION IN DAYS AHEAD

    #21922
    MoneyNeverSleeps
    Participant

    #CAUTION: #Oil Be very careful with #Saudi #iran headlines – a ton of money lost since Friday short and long and these headlines are purposely feeding algos – some are true some are not – people have no shame

    #21925
    MoneyNeverSleeps
    Participant

    Saudi energy minister says Oil supply have resumed as before with KSA oil supply is fully back online

    In the past 2 days we have resumed more than half oil output
    Will keep full oil supplier to its customers this month
    Saudi oil market will be fully back online by the end of September
    Aramco swiftly restores oil production capacity
    attacks on her oil facility is an attack on all countries
    methane gas production will return to normal at end of month
    production 11 million barrels per day by end of September
    Aramco to overcome repercussion of attacks to be ready for IPO

    #21926
    Truman
    Participant

    With #Aramco IPO delay no more golden toilets for Saudi Princes #OOTT via #Blarney (Who has one for sale that he picked up in England at a discount)

    #21964
    ThePitBoss
    Participant

    [size=5][color=green][b]Saudi Arabia has recovered around 80% of Crude Oil Production From Attacks on two of its oil facilities and will return to full quantities by early next week
    – AL JAZEERA SOURCES:[/b][/color][/size]

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