Oil & Energy Investor by Dr. Kent Moors

The Aftermath of the Saudi Oil Attacks Is Volatile

by | published September 18th, 2019

According to my original plan, this edition of Oil & Energy Investor was supposed to begin outlining how my recent Persian Gulf meetings would impact your approach to energy investment.

Well, nobody bothered to tell other actors.

At 2:10 AM local time, September 14, Emirates flight 213 carrying Marina and I took off from Dubai International Airport.

Shortly after, at least twenty drones and nine cruise missiles hit both the huge Abqaiq complex and the Khurais oil field in Saudi Arabia.

After more than fifteen hours, our direct flight landed in Fort Lauderdale. We made it through passport control quickly (thanks to Global Entry) and turned on our cell phones.

It was immediately obvious that something had happened.

Because it was mid-morning on a Saturday, and I had a virtual tidal wave of calls and emails. And most of them were from the region we had just left.

For the next several hours, conference calls took place and intel was exchanged with colleagues in several Persian Gulf and European locations.

There was little interest in assessing blame for the attack; there would be quite enough of that coming out of Washington, Riyadh, Teheran, as well as the global press. We needed to get a handle on what this meant for the oil market and energy sector investment targets.

Now, the reaction to the attacks was immediate…

The Situation Room: “Locked and Loaded”

by | published September 16th, 2019

Haven’t been back in the States for more than a few days and things are already blowing up. Literally.

As most of you are aware, an attack on Saudi Arabia’s largest oil processing facility was attacked over the weekend. Half of Saudi Arabia’s oil output has gone offline.

At the risk of sounding immodest, when it comes to my feelings on this attack, surprise was last on the list. In fact, I’ve been expecting this to happen since May, when attacks on oil tankers were making headlines. At that time, I predicted today’s very situation – and what it means going forward.

You can read it right here.

But the attack in Saudi Arabia are only the tip of the iceberg this week.

Here are the other situations I’ll be keeping a close eye on