Asia Oil Buyers, Shippers Go on Alert After Attacks on Saudi’s Oil Pumping Facilities

Capt. John
  • Armed drones attacked two of Saudi Aramco’s oil pumping stations and forced the state producer to briefly shut its East-West pipeline, known as Petroline.
  • The attacks pushed up global oil prices by more than 1% on Monday, adding to rising costs for Asian refiners, who are now paying the highest premiums.
  • Asia gets nearly 70 percent of its crude oil from the Middle East, and any disruption to oil production could have a severe impact on Asian economies.
  • Petroline is important because it is an...

http://mfame.guru/asia-oil-buyers-shippers-go-on-alert-after-attacks-on-saudis-oil-pumping-facilities/

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