Oil prices rise 19% after attack on Saudi Arabia oil processing plants

Waqas192

Citizen

واشنگٹن: (دنیا نیوز) سعودی تنصیبات پر حملے کے بعد عالمی منڈی میں تیل کی قیمتیں 4 ماہ کی بلند ترین سطح پر جاپہنچی، امریکی خام تیل کی قیمت میں 10.68 فیصد اضافہ ہوا ہے۔

عالمی منڈی میں ٹریڈنگ کے آغاز پر ہی خام تیل کی فی بیرل کی قیمت میں 19 فیصد اضافہ ہوا اور وہ 71.95 ڈالر فی بیرل تک جا پہنچی۔ اس کے علاوہ تیل کی قیمت کا دوسرا اہم پیمانہ ویسٹ ٹیکساس انٹرمیڈیٹ کی قیمت میں 15 فیصد اضافہ ہوا اور وہ 63.34 ڈالر تک پہنچ گئی۔

حملوں کی وجہ سے تیل کی عالمی رسد میں فوری طور پر 5 فیصد کمی آگئی تاہم بعد میں صدر ٹرمپ کی جانب سے امریکی ذخائر ریلیز کرنے پر قیمت میں تھوڑی کمی آئی۔ حکام کے مطابق سعودی تنصیبات کے مکمل طور پر واپس آپریشنل ہونے میں کئی ہفتے لگ سکتے ہیں۔


Today international brent crude price increased by 20% in international market after the attack on Saudi Aramco oil refineries on Saturday. This will cause massive increase in oil and petrol prices all over the world.
 
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Sonya Khan

Senator (1k+ posts)
Oil prices were going drastically down with OPEC mulling quota cut ..... one lesser probable option for them was pumping the oil so much as to cause the death of shale gas ...... and viola ..... the attack ....
 

Waqas192

Citizen

Toni Khan

Councller (250+ posts)
lets just hope that Crown Prince dont ask his Chaufer for all the money he loaned him for his alallay talallay
 

Saboo

Prime Minister (20k+ posts)
Your link is showing live update, it is at 13.28% increase right now, art 3am it was 20%, the it came to 11 and now at 13.28%, it changes every minute...You can check Days high of 71.95 written there on your link
My gas ( petrol) prices at the pump only went up this afternoon by 4 cents a litre.
 

Salazar67

Minister (2k+ posts)
Oil prices were going drastically down with OPEC mulling quota cut ..... one lesser probable option for them was pumping the oil so much as to cause the death of shale gas ...... and viola ..... the attack ....
Who benefits? As always? What gave Jew CONTROLLED America the right to be in the Middle East?

Supporting demon ISRAHELL killing Palestinians since 1930s is allowed..

Ohh the holo hoax of it all. We wanth beace and young boys to sodomize Yaa Shaikh.
 

Kashif Rafiq

Chief Minister (5k+ posts)

واشنگٹن: (دنیا نیوز) سعودی تنصیبات پر حملے کے بعد عالمی منڈی میں تیل کی قیمتیں 4 ماہ کی بلند ترین سطح پر جاپہنچی، امریکی خام تیل کی قیمت میں 10.68 فیصد اضافہ ہوا ہے۔

عالمی منڈی میں ٹریڈنگ کے آغاز پر ہی خام تیل کی فی بیرل کی قیمت میں 19 فیصد اضافہ ہوا اور وہ 71.95 ڈالر فی بیرل تک جا پہنچی۔ اس کے علاوہ تیل کی قیمت کا دوسرا اہم پیمانہ ویسٹ ٹیکساس انٹرمیڈیٹ کی قیمت میں 15 فیصد اضافہ ہوا اور وہ 63.34 ڈالر تک پہنچ گئی۔

حملوں کی وجہ سے تیل کی عالمی رسد میں فوری طور پر 5 فیصد کمی آگئی تاہم بعد میں صدر ٹرمپ کی جانب سے امریکی ذخائر ریلیز کرنے پر قیمت میں تھوڑی کمی آئی۔ حکام کے مطابق سعودی تنصیبات کے مکمل طور پر واپس آپریشنل ہونے میں کئی ہفتے لگ سکتے ہیں۔

 

Bilal Raza

Prime Minister (20k+ posts)

NEW YORK (Reuters) – Oil prices surged more than 15% at the open market on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply.

Brent crude futures jumped more than 19% to a session high of $71.95 a barrel at the opening, while US crude futures surged more than 15% to a session high of $63.34 a barrel.

State oil giant Saudi Aramco said the attack cut output by 5.7 million barrels per day, at a time when Aramco is trying to ready itself for what is expected to be the world’s largest share sale.

Aramco gave no timeline for output resumption. A source close to the matter told Reuters the return to full oil capacity could take “weeks, not days.”

Saudi Arabia’s oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, an industry source briefed on the developments told Reuters on Sunday.

“The surge in prices is the natural knee jerk reaction but the path ahead and ability to sustain at elevated levels remains dependent on the duration of the outage, the ability to meet export commitments through domestic drawdowns, demand elasticity at higher prices as well as government and agency policy,” said Michael Tran, managing director of energy strategy at RBC Capital Markets in New York.

“Even if the outage normalizes quickly, the threat of sidelining nearly 6% of global oil production is no longer a hypothetical, a black swan or a fat tail. Welcome back, risk premium.”

The attack on plants in the heartland of Saudi Arabia’s oil industry, including the world’s biggest petroleum-processing facility, came from the direction of Iran, and cruise missiles may have been used, according to a senior U.S. official.

“Saudi authorities have claimed to control the fires, but this falls far short of extinguishing them,” said Abhishek Kumar, head of analytics at Interfax Energy in London.

“The damage to facilities at Abqaiq and Khurais appears to be extensive, and it may be weeks before oil supplies are normalized,” Kumar said.

Saudi Arabia is set to become a significant buyer of refined products after attacks on Saturday, consultancy Energy Aspects said in a note.

State oil firm Saudi Aramco will likely buy significant quantities of gasoline, diesel and possibly fuel oil while cutting liquefied petroleum gas exports.

U.S. gasoline futures jumped 11%, while U.S. heating oil futures rose about 6.5% at the open.


 
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