Saudi Arabia drone attack is a strike at oil's future
As much as oil markets usually like nothing more than a bit of strife in this corner of the world, it is ultimately pernicious to the industry's longer-term fortunes.
We're about to find out just how laid back the oil market really is. It has shrugged off sanctions on Iran, exploding tankers and drones getting shot down over the Strait of Hormuz.
But the weekend's strike against Saudi Arabia's Abqaiq processing facility – perhaps the single most important piece of oil infrastructure on the planet – is of a different order.
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Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. Connect with Liam on Twitter.
