Yemen’s Biggest Retaliation Shocks Invaders

Yemen’s Biggest Retaliation Shocks Invaders

Specter of Oil in Triple Digits        

U.S. blindly(کورکورانه, without seeing, To deprive of sight) accuses (متهم کردن, blame, point the finger at) Iran; Sen. Graham urges attack on Iran’s oil facilities 15 structures at world’s largest oil processing plant damaged Analysts: Abqaiq attack worse than Iran closing Strait of Hormuz

The oil market will rally by $5-10 per barrel (بشکه, tub, container, drum) when it opens on Monday and may spike (point, spear, خنثی کردن، عاطل و باطل کردن، عقیم گذاشتن، چوب لای چرخ گذاشتن) to as high as $100 per barrel if Saudi Arabia fails to quickly resume (recommence, start again, continue) oil supply lost after attacks over the weekend, traders and analysts said.

Attacks on two plants at the heart of the kingdom’s oil industry (صنعت, manufacturing, production ) on Saturday knocked out(دور از، بیرون از، در فاصله از، خارج از, unconscious - not conscious; lacking awareness and the capacity) more than half of Saudi crude(هر چیز خام یا ناپرورده، نفت پالایش نشده, in a natural or unrefined state, basic, simple, rough and ready ) output, or 5% of global supply.

Industry sources have said it may take weeks to bring production fully online.

Bob McNally of Rapidan Energy told Reuters crude prices would spike by at least $15-20 per barrel in a seven-day disruption(شکست, اختلال, disturbance, trouble, disorder, an instance of sudden interruption)scenario and go well into triple(سه گانه, Consisting of three parts or members, threefold) digits in a 30-day scenario.

"This does not include what are likely to be large (if difficult to model or predict) premia to reflect zeroing out of global spare(یدکی, قصور کردن، کوتاهی کردن , injuring, destroying, or killing, auxiliary ) production capacity amidst(در حین، در بحبوحه ی, درمیان, in the middle of; among) ongoing disruption risks, hoarding(انباشتن، ذخیره کردن, احتکار , sign, notice ), and panic(وحشت, terror, fright ) sentiment (تمایلات, feeling, reaction ).”

"The outage of 5 million bpd (barrels per day), roughly half of the current Saudi production level and about 5% of global supply, is very large by historic standards.