Will the attacks on Saudi oil facilities cripple global supplies?

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Manage episode 242223374 series 47905
By Al Jazeera English. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Saudi Arabia is trying to reassure the world that it will quickly recover from Saturday's attacks on its oil plants. However, the reassurance failed to stop oil prices soaring 19 percent - their highest-ever increase in a day. Prices have since eased, but concerns remain about the 50 percent cut for the world's biggest crude exporter. Houthi fighters in Yemen are vowing more attacks to cripple the Saudi economy. President Donald Trump warned that the U.S. is 'locked and loaded' to respond, and ready to release emergency oil reserves if needed. Will the attack force us to rethink our reliance on oil? Presenter: Hashem Ahelbarra Guests: Jawad Anani - Former Deputy Prime Minister of Jordan Cornelia Meyer - Oil and gas specialist, Meyer Resources financial advisory firm Bill Law - Journalist and Gulf affairs analyst - Subscribe to our channel http://bit.ly/AJSubscribe - Follow us on Twitter https://twitter.com/AJEnglish - Find us on Facebook https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/ #InsideStory #SauiOilAttack #HouthiRebels

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