May get announcement from Saudi officials before market opens to calm down market
gawin ng saudi eh saluhin nila yung lugi para hindi na magtaas presyo to discourage ito drone attack.
Meron pa naman daw reserve sila which they can off set yung nawala dahil sa atake as per their press release... kaya daw hanggang ma ayos yung planta...
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the market has been ignoring middle east geopolitical risk for quite some time
can't ignore this one
wtf +12%
Dolla dolla bill y'all
Trump authorizes release of oil from strategic petroleum reserve
Ngk! Walang defense si Saudi!?
Malamang gimik nila ito para tumaas ang price. Saturday is a restday for the Mid-east (Fri & Sat).
Ilang civilians ba ang namatay? Dapat dyan thousands and deads. Pero kung konti lang, scripted ang pagsabog na yan!
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Very unlikely naman na may investment ka worth Billions and leave it unprotected.
Next news, war against Iran. Suicide bomber from Saudi.
Damm!
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KSA has air defenses but against some drones it's kind of useless. Small to mid-size drones have low radar signatures and can be launched covertly from closer locations to reduce detection. Plus the attack happened at 4 am.
US intel claims Iran was behind it: Saudi oil attacks: US says intelligence shows Iran involved - BBC News
But who knows who's telling the truth? hehehe
Useless to shoot down cheap drones with a million dollar missles... Lalo't na if they use swarms of drones guided by GPS.
But there are the land based CIWS Phalanxs used on Navy ships. It is mobile and can be set up in days... Another billion $$$ deal for Trump.
many experts have warned about the vulnerability of Saudi Arabia's oil&gas infrastructure
the market has underappreciated the risk
oil was mispriced
masyado nakatutok sa trade war ang market
the thinking -- trade war will weaken the global economy --> weaker demand for oil
that's why there's downside pressure on oil prices
the market wasn't worried about geopolitical risk
well, eto na