Oil-Thirsty Asia Feels the Strain After Saudi Attack

Effects from an attack on Saudi Arabia’s oil infrastructure this past weekend threatened to ripple across Asia, which has spent much of the past year increasing its reliance on crude exports from the kingdom. Because of the long supply lines, extending over oceans, any Saudi crude shortfalls would be days if not weeks away. But already, some very early signs of market strains are emerging. Saudi Arabia has told Indian and Chinese buyers, for example, that it won’t be able to ship them as much light-grade crude as ordered,…

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