Skip to comments.Oil Prices Surge After Houthi Missile Attacks On Riyadh, Aramco Facilities
Posted on 04/11/2018 9:09:23 AM PDT by bananaman22
Yemens rebel Houthi movement launched earlier on Wednesday drone strikes on a Saudi Aramco facility and on an airport in Saudi Arabia, Houthi-owned Al-Masirah TV channel reported on Wednesday.
Aramco says that its plants are operating normally and safely, Reuters reports.
The Iran-aligned Yemeni rebels, who have been fighting a Saudi-led Arab coalition in Yemen since 2015, said that they targeted on Wednesday morning local time the Abha airport in Asir and Aramco in Jazan, according to the Houthis Al-Masirah outlet.
Saudi Aramco has a 400,000-bpd refinery in Jazan in the countrys southwest. The refinery is part of a project for a Jazan Economic City that will also contain a terminal.
(Excerpt) Read more at oilprice.com ...
Leave it to the Yemeni rebels to attack a facility (refinery) that is specifically designed to not explode.
Ninety minutes ago, oil prices surged because of Trump’s tweets.
Before I die, I would like to see a new energy source that makes every cubic centimeter of oil under the middle east absolutely worthless
“Houthi-owned Al-Masirah TV channel reported on Wednesday.”
who cares if the plant doesn’t explode. the real damage is intended for the financial markets and the oil price (though
that increase is helpful to the Saudis).
Aramco is supposed to have its IPO maybe later this year, and is said to be the most valuable company on the planet at some $2 Trillion.
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