The disruption of Saudi Arabia’s production facilities comes at a time when the world is experiencing an excess supply of crude oil and slowing economy.
THE world has witnessed several oil shocks that cause prices to double or triple due to supply disruptions.
The attack on Saudi Arabia’s oil-producing facilities that would cut down on almost 50% of its production (which is 5% of the daily global oil supply) will spark another oil shock.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!