ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Saudi oil attack is wake-up call for Asian economies

Region should not panic but must start stockpiling in case of future disruption

| Middle East

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.

The attacks have elevated regional and global tensions, and oil prices remain higher than before. In the short term, Asian countries should not panic -- but this is a timely reminder that these economies need to prepare themselves and protect their fuel supplies in case similar attacks -- or worse -- recur.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more