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The Likely

The news, and what's likely next.

Oil and Metals

Saudi Arabia intercepts six Houthi missiles fired toward Taif and Yanbu

Saudi Arabia said it intercepted six Houthi ballistic missiles targeted at Taif and Yanbu on September 24. The Houthis separately claimed attacks on Riyadh and Saudi Aramco facilities in Yanbu.

Why it mattersAttacks threatening Middle Eastern oil flows risk deepening global supply shortages and inventory declines.

How we got here

  1. Saudi Arabia intercepted six Houthi ballistic missiles, while Houthis claimed attacks on Riyadh and Yanbu Saudi Aramco facilities. Al-Monitor

What's likely next

  1. The EIA’s next Short-Term Energy Outlook is scheduled for release.

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