Achieving oil security
Note: This article was originally published in Manila Standard on 3 October 2019 and was first published in the Nikkei Asian Review. ERIA's Senior Policy Fellow for Energy and Environment, Prof Jun Arima, is the author.
On September 14, drone attacks -- claimed by Yemen's Houthi rebels -- hit the heart of Saudi Arabia's oil production facilities. These attacks took out 5.7 million barrels per day, which is half of Saudi production and 5% of global oil production, and sent benchmark oil prices up a fifth to almost $72. (Read the full article by using the link above).