Welcome to the outage edition of Oil Markets Daily!
"If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck."
Following the attack on Saudi Arabia's oil facility, Abqaiq, in September, Saudi immediately reassured the market that it is the most reliable producer in the world and no shortages will come from the attack.
Indeed, immediately following the attack, Saudi's crude exports jumped from ~6.3 mb/d average in September to ~7.15 mb/d in October. In November, Saudi came through with another strong reading at ~7.05