The storm from one of the largest oil supply disruptions in history may quickly blow over, leaving tanker owners with short-term windfalls without potentially bearish effects for the longer run.
Last Saturday’s multiple drone attacks on oil facilities in Abqaiq and Khurais knocked out 5.7m barrels per day (bpd) in crude production in Saudi Arabia, but the Opec’s top oil exporter said it would quickly recover.