Co-produced with Trapping Value and PendragonY
Tensions in the Middle East have escalated following multiple drone attacks on Saudi Arabian facilities. The early morning attack on September 14 removed more than half of the kingdom's oil production capacity and took out 5.7 million barrels per day from the global oil markets. We dissect this further and give you our take as to how we see this impacting the global commodity and our investments in and around this sector.
The First Jump
With the markets being closed at the time of the attack, we speculated that