Oil Jumps After Saudi Arabian Energy Facility Attacked

Oil Jumps After Saudi Arabian Energy Facility Attacked

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Business, Architecture, Engineering

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What recent event occurred at the Ross Ternura Export Terminal?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much oil is the Ross Ternura terminal capable of exporting daily?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of global oil demand does the Ross Ternura terminal represent?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the immediate market reaction to the attacks mentioned?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What stance did Saudi Arabia and the OPEC plus group take regarding oil output?

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