The Restoration Surge Brings Us Back to Where We Started . . . Well, Almost (CSIS)

Less than three weeks ago (September 14), news that drone and missile strikes had taken down fully half of Saudi Arabia’s oil production rattled international oil markets. The announcement offset, at least temporarily, overarching concerns over fading economic growth and the expanded threat of a U.S.-China trade war and instead focused global attention on the implications of an extended loss of global spare capacity and the impacts of higher oil prices in the event supply could not be restored quickly.

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