Prolonged Saudi Outage

Damage assessments show that fires at Shedgum, Ghawar, and Abqaiq have affected more processing and stabilization equipment than first reported. Saudi exports continue through inventories, but global balances tighten and markets price a material short-term supply loss.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.