Oil Prices Jump Most on Record After Saudi Strike

Re:Oil Prices Jump Most on Record After Saudi Strike by whaddawhat on Monday September 16, 2019 @05:50AM (#20982472)

Is there a good source tallying up the (refined) oil reserves? How long until a 5% decrease in production really propagates to the supply?

[ Parent | on HN ]

Re:Oil Prices Jump Most on Record After Saudi Strike by Tade0 on Monday September 16, 2019 @06:10AM (#20982585)

The norm seems to be to have at least three months' worth of supplies, so the question is rather how quick can those sources return online?

If that is not poised to happen anytime soon, the prices should go up almost immediately.

So far I think we had a mixed response.

[ Parent | on HN ]

Re:Oil Prices Jump Most on Record After Saudi Strike by seventhtiger on Monday September 16, 2019 @06:18AM (#20982621)

According to WSJ, Saudi Aramco says they will have 30% of lost capacity back on Monday.

[ Parent | on HN ]