Oil Jumps After Saudi Arabian Energy Facility Attacked

The transcript discusses a drone attack on the Rosner Export Terminal in Saudi Arabia, which did not affect oil output or cause injuries. The terminal is crucial, handling 6.5 million barrels daily, about 7% of global demand. Despite no production impact, oil prices rose due to market reactions. Brent futures increased by 2.6%, following a 5% rise the previous week. The context includes OPEC+'s decision to maintain output cuts, contributing to market tightness and price increases.

What was the immediate impact of the attack on the Ross Ternura Export Terminal?

• A significant drop in oil prices

• An increase in crude prices

• A halt in oil production

• A decrease in global oil demand

What percentage of global oil demand can the Ross Ternura Export Terminal export?

• 5%

• 3%

• 7%

• 10%

How did Brent futures in London react to the recent events?

• They decreased by 2.6%

• They remained stable

• They decreased by 5%

• They increased by 2.6%

What decision did Saudi Arabia and the OPEC+ group make regarding oil output in April?

• Increase oil production

• Maintain current output levels

• Decrease oil production

• Stop oil exports

What was the market's reaction to the OPEC+ group's decision?

• Increased oil production

• Market tightness

• Decreased oil prices

• Increased global oil demand