Ben Mohr, CFA
Director of Fixed Income
Over the weekend, half of Saudi Arabia’s oil production stopped due to a drone attack on the country’s major Saudi Aramco oil infrastructure which includes processing centers and oil fields. While a Yemeni militant group — the Houthi rebels — claimed responsibility for the attack, U.S. intelligence suspects Iran as the culprit.
This newsletter details the immediate developments and market implications of the attack, including a look at oil pricing and current supply, expectations for recovery, and potential effects on demand and geopolitical uncertainties.
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
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