How An Oil Supply Outage Could Paralyze Asia

It’s the news of the month: Saudi Arabia’s oil industry was attacked and prices jumped as everyone worried about supply security just days after the latest reports warning about a danger of a glut. But besides the obvious, the attacks, which took off an estimated 5 million bpd from global production capacity, highlighted the vulnerability of Asian economies to supply disruptions. The silver lining: it could spur them into action to reduce this vulnerability. The attacks on the Khurais field and the Abqaiq processing facility had analysts…