• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 8 mins Shale Oil Fiasco
  • 11 mins Everything you think you know about economics is WRONG!
  • 1 min USA v China. Which is 'best'?
  • 12 hours Tesla Launches Faster Third Generation Supercharger
  • 15 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 11 hours Quotes from the Widowmaker
  • 4 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 23 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation Test Wells . . Shale going bust . . . LAUGHABLE
  • 15 hours Offshore is changing
  • 2 days Global Debt Worries. How Will This End?
  • 1 day You long it you short it it is Here for a long time since Trump signed it
  • 2 days IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years

Breaking News:

Libyan Oilfield Is Offline Again

OPEC+ Agrees To Deeper Output Cuts

OPEC+ Agrees To Deeper Output Cuts

The OPEC meeting ended with…

How Much Crude Oil Do You Unknowingly Eat?

How Much Crude Oil Do You Unknowingly Eat?

It’s no secret that crude…

U.S. Reveals Who Is Behind The Saudi Drone Attack

Abqaiq

The attacks on Saudi oil infrastructure that took off 5.7 million bpd from global oil production were launched from southwestern Iran, according to a U.S. government official.

A team of U.S. security experts who traveled to Saudi Arabia to examine the wreckage of the drones and cruise missiles fired against Aramco’s Khurais field and the Abqaiq processing facility determined they were manufactured in Iran, a senior Washington official told CBS.

Besides, the experts managed to trace the trajectory of the missiles backwards in time, determining they were shot from Iran, the CBS source said.

Meanwhile, CNN reports that the White House had ordered the Pentagon to plan several alternatives for a response to the Saudi attacks. However, President Trump warned that steps were not to be taken before Riyadh decided how to respond to the attacks.

"No knee jerk reactions to this - it's very systematic - what happens with patience is it prevents stupid moves," an unnamed source familiar with the discussions told CNN. The source added that the U.S. administration was biding its time before it decided on its response with the net UNB General Assembly meeting in New York seen as a good moment to discuss the issue with other world leaders.

Iran has denied responsibility for the attacks and has done so emphatically.

Saudi Arabia, for its part, has yet to name a suspect. At a press conference yesterday, the Saudi Energy Minister, Abdulaziz bin Salman, told reporters "we do not know at this moment who caused the attacks on Aramco," adding that the government would identify who’s behind the attacks and bring them to justice.

This is interesting and somewhat surprising: on Monday, a spokesman for the Saudi-UAE coalition fighting the Iran-affiliated Houthis in Yemen said “The preliminary results show that the weapons are Iranian and we are currently working to determine the location ... The terrorist attack did not originate from Yemen as the Houthi militia claimed.” 

This stops short of naming Iran as the party responsible for the attacks but clearly points the finger at it.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Hugh Williams on October 14 2019 said:
    The title is very misleading. The "US reveals" implies that the US is telling the truth which is highly unlikely. A more honest statement would be "the US claims".
  • Sean McMahon on September 18 2019 said:
    Living in Europe, i don't believe the US. Can we get a UN weapons inspector to Saudi before us starts another war?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play