Eastern Canadian refiners are scrambling to secure crude supplies as the attack on Saudi Arabian energy infrastructure reverberates through the global oil market and has already led to higher gasoline prices in many parts of Canada.
| Drone and cruise missile strikes knocked 5.7 million barrels a day (b/d) of Saudi oil production off-line last weekend, an amount equal to more than 5 per cent of global demand. Yemen’s Houthi rebels claimed responsibility for the attack, but the U.S. and Saudi Arabia say Iran is responsible.
|  | | | | Election newsletter - We have a new newsletter called Well-Versed that will jump-start your conversations about the fall federal election. Twice per week, the newsletter will take you through the issues and policies that matter the most. Sign up today. | | | | | | More stories below advertisement | | | Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia’s energy industry last weekend.
| | | | | |
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/Z3O6GUQTVNAS5OL4LIS3LFPSQA.JPG "Attack on Saudi oil threatens to pinch Eastern Canada supplies")
Attack on Saudi oil threatens to pinch Eastern Canada supplies
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/T2RRWTH3JVEDDPCWULUQPP2FCU.JPG "Oil slips on trade fears but soars in week after Saudi production attacked")
