China could be the biggest loser from the Saudi Arabia oil attack
Rosie Perper
Saudi Arabia's oil production was slashed in half on Saturday during an attack on two of its main oil facilities.
The attack wiped about 5% of the world's daily production of crude oil, equal to about 5 million barrels.
Yemen's Houthi rebel group claimed responsibility for the attacks, though the US has pointed a finger towards Iran.
An expert told Business Insider that China has been one of the largest buyers of Saudi oil since 2009, and could be impacted by a halt to the country's oil exports.
Saudi Arabia's oil production was slashed in half following an attack on two of its oil facilities on Saturday, and China, along with other countries in Asia and the Middle East, may be the ones to pay the price.
Read more at: https://www.businessinsider.com/china-could-be-the-biggest-loser-saudi-arabia-oil-attack-2019-9
I had to post this after yesterday's discussions though, Saudi Arabia has said it will have production up very quickly, by the end of the month. The info above could almost be considered obsolete.
Business Investors is a "so-so" source, it certainly is not gospel and some articles are speculative but that is not necessarily a negative.
