The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery
The attack on Saudi oil facilities on Saturday not only knocked out over half of the country's production, it also removed almost all the spare capacity available
While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries
No supply disruption, says Pradhan; OMCs see margin impact if situation persists
The drone attack on Saudi Aramco's Abqaiq oil processing facilities on Saturday almost destroyed the plants
Fresh from their longest rally in 20 months, many currencies foundered after the weekend drone attack on the Saudi Aramco installations led Riyadh to halve production
The Trump administration official pointed to the angle at which Saudi oil facilities were attacked, the numbers of points of impact
Consumers around the world could see costs rise for products ranging from gasoline and diesel to home heating costs and air fares
Drone attack damaged the world's biggest crude oil processing plant in Saudi Arabia and led to a 19 per cent surge in oil prices.
Fares may rise sooner if crude oil price remains elevated, say airlines
Saudi Aramco is firing up idle offshore oil fields -- part of their cushion of spare capacity -- to replace some of the lost production
Saturday's sudden disappearance of millions of barrels of Saudi crude production led to the biggest spike in Brent futures since they were launched
Yes, Iran Was Behind the Saudi Oil Attack. Now What?
The Tehran-backed Huthi rebels in Yemen, where a Saudi-led coalition is bogged down in a five-year war, claimed Saturday's strikes on two plants owned by state energy giant Aramco
While in the short-term, the direct physical impact on the market might be limited, analysts say the development has the potential to move the market away from its bearish macroeconomic cycle
Brent soared almost 20 per cent at one point on Monday, while WTI surged around 15 per cent before paring the gains
The attacks caused Saudi Arabia to halve its oil output and may cut the valuation of Aramco's milestone deal
Saudi Basic Industries (SABIC), the kingdom's biggest petrochemicals firm, was down 2.4%
Yemen's Iran-aligned Houthi group claimed credit for the attacks on two plants at the heart of Saudi Arabia's oil industry
Industry sources have said it may take weeks to bring production fully online