Oil Set To Spike After Report Saudi Repairs At Abqaiq May Take "Up To Eight Months" [zero hedge]
GE Aerospace (GE)
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Source: zero hedge
Oil Set To Spike After Report Saudi Repairs At Abqaiq May Take "Up To Eight Months" While S&P futures may spike at the open following Saturday's news from the NYT that the "the delegation of Chinese agriculture officials that had planned to travel to Montana and Nebraska in the coming week didn’t cancel the trip because of any new difficulty in the trade talks" but "instead, the trip was canceled out of concern that it would turn into a media circus and give the misimpression that China was trying to meddle in American domestic politics", oil too is likely to catch a bid after the WSJ reported that it may take "up to eight month", rather than 10 weeks company executives had previously promised, to fully restore operations at Aramco damaged Abqaiq facility, suggesting the crude oil shortfall will last far longer than originally expected.Saudi officials say there is little sense of calm at the highest levels of the company and the Saudi government, however. It could take some
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