The strike on the heartland of Saudi Arabia's oil industry, including damag...
LONDON - The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.
The attack cut 5.7 million barrels per day of Saudi crude output, over 5 percent of the world’s supply. But the attack also constrained Saudi Arabia’s ability to use the more than 2 million bpd of spare oil production capacity it held for emergencies. Before the attack, the Organization of the Petroleum Exporting Countries global supply cushion was just over 3.21 million barrels per day , according to the International Energy Agency .
Non-OPEC members such as Russia are pumping near capacity, with perhaps only 100,000-150,000 bpd of available additional production.Iran holds spare capacity but it cannot get the oil to market because of sanctions imposed by the government of U.S. President Donald Trump.Washington has said Iran was behind Saturday’s attack, so is unlikely to ease sanctions to allow Iran to plug a gap it believes was created by Tehran.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Saudi-led coalition: Evidence indicates Iranian arms used in Saudi attackEvidence indicates Iranian arms used in Saudi attack, says Saudi-led coalition
Consulte Mais informação »
Defense Secretary Mark Esper spoke with Saudi, Iraqi leaders about 'unprecedented attack' on Saudi oil supply'The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that is being undermined by Iran,' Esper tweeted.
Consulte Mais informação »
Explainer: Attack on Saudi leaves world without spare oil capacityThe strike on the heartland of Saudi Arabia's oil industry, including damag...
Consulte Mais informação »
Global spare oil capacity in U.S. hands after Saudi outageAn attack on Saudi oil facilities on Saturday is believed to have disrupted half...
Consulte Mais informação »
Saudi energy minister says attacks partially halted Aramco productionSaudi Arabian energy minister Prince Abdulaziz bin Salman said on Sunday that at...
Consulte Mais informação »
U.S. Insulated From Possible Supply Shock After Saudi AttackAs the world faces the possibility of an oil supply shock after a Saturday attack on Saudi Arabia, the U.S. finds itself in the rare position of being able to help stabilize world markets.
Consulte Mais informação »