HEI: Here’s how the oil Market would deal with another massive Saudi outage

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THE HEISENBERG writes: “Crude slipped again on Wednesday after plunging in the previous session after new Saudi energy minister Prince Abdulaziz Bin Salman said the kingdom is well on its way to restoring production following the attacks on Aramco that crippled 50% of Saudi output. Despite the pullback, prices were still some 6% higher than they were last week and generally speaking, analysts expect the market will henceforth be wary of failing to price in a geopolitical risk premium.”

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