Black swan dive

摘要

The oil market’s rapid recovery since the attacks on Saudi oil sites on 14 Septem- ber is as surprising as the initial shock at the scale of the attack itself. Crude prices returned to below $60/bl less than three weeks after 5pc of world oil supplywashalted,albeitbriefy.“Weseeblackswansallaround,”Russianoil ministerAlexanderNovaktoldtheRussianEnergyWeekconferenceinMoscowon 2October.“Weneedtothinkonhowtodiminishtheimpactofthesefactors.”