The treat of mass protests in Saudi Arabia this Friday have spooked global oil markets. The West is watching nervously. It can't happen in Saudi Arabia can it??? What if it does?? There are two major concerns. One is clearly the threat of a disruption in Saudi oil supply. If Saudi supplies got disrupted crude would climb to hundreds of dollars a barrel and disrupt the entire global economy. The Kingdom of Saudi Arabia (KSA) promised to use its spare capacity and make up for more than a million barrels a day of disrupted Libyan oil. This is why Brent crude climbed down a notch from $115 a barrel to $113 today. But now the market is worried. If the Big One falls all bets are off.
The Big One
The Big One
The Big One
The treat of mass protests in Saudi Arabia this Friday have spooked global oil markets. The West is watching nervously. It can't happen in Saudi Arabia can it??? What if it does?? There are two major concerns. One is clearly the threat of a disruption in Saudi oil supply. If Saudi supplies got disrupted crude would climb to hundreds of dollars a barrel and disrupt the entire global economy. The Kingdom of Saudi Arabia (KSA) promised to use its spare capacity and make up for more than a million barrels a day of disrupted Libyan oil. This is why Brent crude climbed down a notch from $115 a barrel to $113 today. But now the market is worried. If the Big One falls all bets are off.