Oil prices rise by more than 10%



[ad_1]

"Oil prices have risen by more than 10%," Bloomberg said after a drone attack on Saudi oil infrastructure halving Saudi production.

West Texas Intermediate crude rose 10.68% to $ 60.71, while North Sea Brent rose 11.77% to $ 67.31 after drones attacked two of the world's largest crude oil mills. Aramco, added the newspaper.

After the condemned bombings in the region of Abqaiq in Saudi Arabia, where the world's largest oil production facility is located, oil prices are expected to rise by a record 8-17% to 5 percent. -10 $ a barrel, said Amer Shubaki, expert in energy and crude oil of Brent.

This is despite the assurances given by the Saudi energy minister, Prince Abdulaziz bin Salman, that he would play a role in limiting the values ​​associated with rising exchange rates.

He added: We know that the decline in oil production from oil shale in the United States, which produced between 6 and 8 million barrels of oil, was the main factor behind the decline oil, but after the announcement by Saudi Arabia to stop oil production several days after the condemned attack This represents a loss of more than 5 million barrels per day, which could exceed 5% of world oil production, of which more than 11% in Saudi Arabia. Saudi Arabia is working to fill any shortage in the global oil market through its commitment to the agreement of OPEC and its allies. Fair prices for oil.

[ad_2]
Source link