Saudi oil attack is game-changer for global energy supply chain

Early Saturday morning, 14 September 2019, Saudi Arabia's oil infrastructure in the Northeast provinces came under attack, taking six million barrels of oil per day (bpd) offline. A catastrophic halt of this magnitude - half of Saudi's processing volume and 6% of global supply - is unprecedented in modern history, potentially even more impactful than closing the Strait of Hormuz. The drone strikes targeted the Abqaiq oil processing plant, one of the largest in the world, and Khurais, the country's second-largest oilfield. Houthi rebels in Yemen have claimed responsibility, though the att...