Tag: RDS.B

Three Oil Stocks To Pick Up The Slack From The Loss Of Saudi Production

Three Oil Stocks To Pick Up The Slack From The Loss Of Saudi Production

| September 25, 2019 | 0 Comments

On Saturday, September 14, Saudi Arabia’s largest crude oil processing facility at Abqaiq, was attacked by at least 30 drones and cruise missiles. The attack shut down about one-half of the country’s oil production capacity, which is 5% of the world’s daily production and consumption. When trading markets opened on Monday, crude oil prices jumped […]

Continue Reading