Abu Dhabi (CNN Business)Drone strikes on crucial Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.
Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency. Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world's largest oil production facility, people with knowledge of the kingdom's operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day. A source told CNN Business that Aramco "hopes to have that capacity restored within days." The Saudi interior ministry confirmed the drone attacks caused fires at the two facilities. In a statement posted on Twitter, the ministry said the fires were under control and that authorities were investigating. "Abqaiq is perhaps the most critical facility in the world for oil supply. Oil prices will jump on this attack," Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, said in a statement. US Secretary of State Mike Pompeo pinned the attack directly on Iran, which backs the Houthi rebels. "Iran has now launched an unprecedented attack on the world's energy supply. There is no evidence the attacks came from Yemen," he said on Twitter. The development comes as Saudi Aramco takes steps to go public in what could be the world's biggest IPO. Aramco attracted huge interest with its debut international bond sale in April. It commissioned an independent audit of the kingdom's oil reserves and has started publishing earnings. Over the past two weeks, the kingdom has replaced its energy minister and the chairman of Aramco. Saudi Arabia, the world's largest oil exporter, has cut back on production of crude and other energy products as part of an OPEC effort to boost prices. Saudi Arabia produces approximately 10% of the total global supply of 100 million barrels per day. The International Energy Agency said on Saturday it was monitoring the situation in Saudi Arabia. "We are in contact with Saudi authorities as well as major producer and consumer nations. For now, markets are well supplied with ample commercial stocks," it said on Twitter. If the disruption in Saudi Arabia is prolonged, "sanctioned Iran supplies are another source of potential additional oil," Bordoff said. "But [US President Donald] Trump has already shown he is willing to pursue a maximum pressure campaign even when oil prices spike. If anything, the risk of tit-for-tat regional escalation that pushes oil prices even higher has gone up significantly." Oil prices fell on Friday, with Brent crude, the global price benchmark slipping 0.3% to close at $60.22 per barrel.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
"Tehran is behind nearly 100 attacks on Saudi Arabia while [President Hassan] Rouhani and [Foreign Minister Mohammad] Zarif pretend to engage in diplomacy," Pompeo tweeted, referring to the nation's president and foreign affairs minister. " ... There is no evidence the attacks came from Yemen."
Iran-backed Houthi rebels in Yemen claimed responsibility for the attack hours before Pompeo's tweet. The world’s largest oil processing facility in Saudi Arabia and a major oil field were impacted, sparking huge fires at a vulnerable chokepoint for global energy supplies.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
i agree, but the US seems to be hellbent on doing the bidding for the #1 terrorism sponsor in the world.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Tribal warfare is, has been, and (most probably) will always be the culture of the region. Every time we involve ourselves over there, we find ourselves in a rabbit hole we can't escape.
[quote=PitDAWG]Yeah, Saudi Arabia is filthy rich and buys more military weapons from us than anyone else. So we should start a war for them and Israel.
Because that's what
I agree. Time to get it done once and for all.
If everybody had like minds, we would never learn.
There will never be peace in this region of the world.
Agreed, never has been, never will be.
those are big comments from people who live in a country who has been in non stop warfare with somebody since WW2
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Sounds like something he would say. Even after someone else took responsibility for it, they have to find some way to beat the drums of war.
Evidence indicates Iranian arms used in Saudi attack, say Saudis
-Coalition spokesman Colonel Turki al-Malki told a press conference in Riyadh that an investigation into Saturday’s strikes was still ongoing and authorities were trying to ascertain the launch location.
-He said authorities would reveal the location from where drones were launched at a future press briefing.
-Iran has dismissed as “unacceptable” U.S. accusations that Tehran was responsible for the assault on Saudi oil facilities that cut almost half of the kingdom’s production, or 5% of global oil supply.
can anybody explain why 40 is licking the Saudi's boots right now?
odd. he believes everything they tell him. he also believed they didnt kill that reporter too.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Cold war Bay of pigs Grenada Arming the afghans against russia Panama Somalia Libya Yemen Syria Bosnia
regardless of the reasoning, the fact remains that we have been non stop sine ww2.
sorry that i mention facts and you can't handle it. you clearly dont know your own country's history.
i mean lol, you edited your post and still missed all of that. lol how you gonna post "1945-2001" as if the korean war and vietnam didn't happen.
jeez dude educate yourself.
Last edited by Swish; 09/16/1901:02 PM.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
stating facts isnt being a dick. its not my fault nor my problem that you dont know you're own country's history.
and we have been at non stop warfare, as demonstrated by the laundry list of conflicts that the US has either directly been apart of, or been supported and funded.
you just simply dont know what you're talking about right now. again, thats not being a dick, thats stating a fact.
i mean hell, when HAVENT we been in conflict?
1776 1812 civil war the non stop crap with the natives WW1
all this country knows is conflict. and it looks like the people in charge who closing align with your ideology are about to get us involved in yet another middle eastern conflict.
so yea, the middle east is a trainwreck.
and the US has been a big part of that trainwreck since........1953.
lets see if you know your history. what happened in 1953, FloridaFan?
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
1953 was the Iranian Coup which was the real crux of US involvement in the Middle East, which has continued to plague us. I assume this is what you're referring to.
But I am not talking about conflicts, disagreements.
But I am done with this conversation, because you are way to powerful and all knowing, and I just don't have time to fight over something so insignificant with you, when you can't see the the difference between your concept of 'constant warfare' and 3000+ years of middle east fighting
We don't have to agree with each other, to respect each others opinion.
translation: i cant really dont know what im talking about so rather try and take a shot and bounce.
learn your history. its not hard.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Cold war Bay of pigs Grenada Arming the afghans against russia Panama Somalia Libya Yemen Syria Bosnia
Can you enlighten me as to which are conflicts/disagreements and which are wars? Because if someone is shooting at me, there seems to be no difference.
if you're in a conflict, its not necessarily a war. and i agree, if it involves people shooting at other people, and atleast one of those involves an official government, then the difference between the two words matter little in the grand scheme of things.
it still involved us troops and/or military support (drones, weapons, equipment).
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Clem: its why i tell my boys we are the new warrior race of the planet. we love being in combat or supporting countries who are about to enter it.
Pit: wars/conflicts/whatever.
its all combat in my eyes.
and surprise surprise - oil companies and government contracting industries like Raytheon are all up in the stock market today.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
I had no idea about that stat yet sadly, at the same time it doesn't surprise me at all. I have never deceived myself about who we are as a nation.
While you are apologizing for us as a Nation I will remind you we would not be a Nation if not for the war with Great Britain.
there are wars that were inevitable.
but you can look at the list i posted and see that some of them didnt need us involved in it.
like the dumbass coup we tried in 1953 in iran, and then the iran contra in the 1980's.
or somalia. etc etc
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
I had no idea about that stat yet sadly, at the same time it doesn't surprise me at all. I have never deceived myself about who we are as a nation.
While you are apologizing for us as a Nation I will remind you we would not be a Nation if not for the war with Great Britain.
Yes some wars are needed. Then some are not. I didn't apologize to anyone. I just know who we are. Wars are to protect yourself. Not to try and control the globe. Those are two very different things.
I'll take just the last two wars in the middle east as examples. The war in Afghanistan? Needed.
Iraq? Not needed.
A lot of innocent civilians died in Iraq with no just reason. The fact that you would never apologize for that I think speaks much louder than the fact that I would.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
trump said he doesnt want war but we're prepared to.
why the hell would we go to war over this? doing the saudi's bidding once again. smh.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”