On the afternoon of this second, the Director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, declared that offensive to the facilities of the state-owned Saudi Aramco are kind of ' attack on the Twin towers ' of the oil market.
From a risk standpoint, the Saturday event can be considered a sort of 9/11 (attack on the Twin towers) of the oil market. After him the feeling of risk will increase. https://t.co/ZaScbMrA7I
— Décio Oddone (@Decio_Oddone) September 16, 2019
At the dawn of last Saturday, two Aramco installations were attacked by drones and suffered a heavy fire. With this, Saudi Arabia saw its production capacity fall more than half, which triggered the value of oil by more than 20%.
Oddone also reports that a feeling of risk will increase after the Saudis, which would cause protection measures to be adopted and increase costs.
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