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Will Saudi Arabia's "big brother" status also decline if its production capacity drops by half?
The impact is mainly reflected in two aspects: the impact on market confidence and the blow to Saudi Arabia, which is at the forefront of oil production; As a big country in the Middle East, Saudi Arabia is at the forefront of geopolitical competition in the Middle East, and its oil infrastructure cannot be guaranteed, which brings shock waves. ? The influence of geopolitics and market confidence is far greater than the oil production affected by the attack.

According to the economic news, the Ministry of Interior of Saudi Arabia issued a statement on 14, saying that several drones attacked two oil facilities of Aramco in the early hours of the morning and caused a fire.

In troubled times, the Middle East is never idle. This time, the target is Saudi Arabia, a long-time regulator of the global oil market. ? Fortunately, the Houthi armed forces in Yemen admitted to launching an attack over the weekend. Otherwise, oil prices will soar immediately. Market confidence has been hit.

Before the attack, the international crude oil futures price fluctuated weakly, and the New York Mercantile Exchange's "US crude oil 10" contract closed at 54.8 1 USD per barrel last week. On the daily line, the short-term moving averages are all stuck together, and the long-term moving averages are arranged in short positions; On the weekly line, the long-term and short-term moving averages are intertwined, and the market is on the eve of direction selection, waiting for the guidance of fundamental signals.

Some insiders believe that this kind of thing will affect the expectations of a large part of market participants at this juncture. It is inevitable that the international oil price will fluctuate violently in the short term, but it is not easy to evaluate whether it can form a trend movement. In particular, the upward trend of oil prices and whether the space can be opened need to continue to assess the losses and the actual impact on the supply and demand of crude oil.