Guyana shines in bad week

摘要

WITH the attacks on Saudi oil infrastructure at one stage sending Brent crude to its highest intraday gain since the 1990-1991 Persian Gulf crisis, Monday was a good day to bury industry bad news, writes Eoin O'Cinneide. Instead, both ExxonMobil and Tullow Oil started their week by announcing their latest discoveries off Guyana. It is testament to how hot a hot spot Guyana has swiftly become that news of the finds was not lost in the ether amidst a more-than halving of Saudi production overnight as a result of the attacks at Abqaiq and Khurais and the resultant spike in oil prices, which at one stage on Monday was nearly 20%.