The immediate impact of Abqaiq may have been minor, but the long-term lessons from this incident are bound to become more clear with time.
After the Abqaiq attacks, some analysts believe the market is overlooking rising geopolitical risk.
The oil market’s vulnerability and dependence not just on a single country, but on a single facility, was laid bare on September 14.
Saudi Arabia's third oil minister in three years, Prince Abdulaziz bin Salman will be tasked with delivering Saudi Aramco's IPO
OPEC has few choices at its disposal to manage the swelling oil market surplus, most of which are unpalatable.
Past experience can offer some guidance, but by every indication the global oil industry is heading into a new age, with unpredictable consequences.
Weaker demand has allowed traders to shrug off recent events in the Persian Gulf. But a belief that a return to the days of the tanker war is unlikely may be misplaced.
The top forecasters for the oil market have repeatedly downgraded their estimates for demand. Absent a turnaround in global growth, the pitfalls for the oil market may only grow worse.
OPEC's collusive actions run counter to established international anti-competitive norms at American expense. But by amending the Sherman Act, NOPEC offers a tool to combat these activities.
While the result from Vienna is ostensibly a success, there are obvious cracks in OPEC’s cohesion, as well as in its strategy to tighten up the market.