An extended Saudi oil outage could push Brent crude prices north of $75 per barrel as the historic attack on the country’s processing plant disrupts one of the globe’s largest energy supply chains, Goldman Sachs warned clients.
Saturday’s attack was “a historically large disruption on critical oil infrastructure and these events represent a sharp escalation in threats to global supply with risks of further attacks,” according to Goldman’s global head of commodities research Jeffrey Currie and senior commodity strategist Damien Courvalin.
