Saudi oil strikes: S&P Global Platts sees higher risk premium in crude market
15 September 2019 - 22:56
Bengaluru — Attacks on Saudi oil plants have boosted concerns about supply security in the Middle East and should raise the risk premium in the global crude market, shifting focus from a gloomy economic backdrop, S&P Global Platts said on Sunday.
"The sudden change in geopolitical risk warrants not only an elimination of the $5-$10 a barrel discount on bearish sentiment, but adds a potential $5-$10 a barrel premium to account for now-undeniably high Middle Eastern dangers to supply and the sudden elimination of spare capacity," it said in a note...
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