NEWS
Saudi drone strikes could increase fuel prices
Prior forecasts will have to be re-jigged by month end, says the AA
19 September 2019 - 05:03
Drone strikes on Saudi Arabia's Abqaiq oil refinery have wrought chaos on world oil markets and made the forecasting of the oil price more difficult. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
"The refinery strike was a game-changer for the way oil price stability is viewed. At a single stroke, five to seven percent of the world's oil output has been wiped from the board, leading oil prices to surge disproportionately," says the AA...
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