Update: 8 pm CST: Saudi Arabia aims to restore one-third of its lost oil output by tomorrow; Kingdom had hoped for complete restoration by Monday – Dow Jones
Security is heightened in Kuwait after reports of a drone sighting, nation’s leadership says its investigating and is “co-ordinating with Riyadh” — Thompson Reuters on Sunday night
Regional sources tell CNN #Saudi #Aramco has about 200 million barrels of oil in storage (to help make up for industrial losses because of damaged facilities)
US weighing the possibility of declassifying satellite images to strengthen the case of Iran being behind the recent attack on Saudi oil facilities. Growing evidence points to cruise missiles fired from #Iran or Iraq, not Houthi drones launched from Yemen
Shortly before 5 pm CDT, President Trump said on Twitter he was authorizing the release of crude from the SPR to keep markets well supplied if needed.
He followed that tweet with others, saying, “There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!”
September 15, 2019 – 6:32 pm
West Texas Internediate futures contracts jumped more than 10% during the half hour following the open of world crude markets Sunday evening — after a spike of nearly 15% just after opening — on news of the crippling of Saudi Arabian oil facilities by an apparent drone attack on key oil installations in Abqaiq and Khurais……..
