Managers warn tensions in Middle East could lead to elevated oil prices
Following drone attacks on Saudi oil fields
There is growing concern over prices could hit higher levels following attacks at Saudi oil fields
Markets were blindsided earlier this month by a shock attack on oil supplies in Saudi Arabia, wiping out six million barrels per day (bpd) or 5% to 6% of the global oil supply and prompting the price of Brent Crude to soar 20%, with one commentator warning the oil price could breach triple digits by early 2020.
Drone attacks, allegedly by Houthi rebels, on state oil company Abqaiq's refinery and a plant in the Khurais field caused the suspension of 5.7 million barrels of crude oil production per day - thought...
