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Brent, Saudi facility over $ 75 if stopped for more than 6 weeks = Goldman

2019-09-16T16:10:43.581Z

[16th Reuters]-Goldman Sachs, North Sea Brent futures <LCOc1> exceed $ 75 per barrel if the Saudi oil facility under attack has been out of service for more than 6 weeks



[16th Reuters]-Goldman Sachs's North Sea Brent futures <LCOc1> could exceed $ 75 = $ 75 if the attacked Saudi oil facility is down for more than 6 weeks The view that there is.

North Sea Brent futures surged in trading on the 16th after two oil facilities of the state oil company Saudi Aramco in eastern Saudi Arabia were attacked on the 14th. The daytime rise has been the magnitude since the 1991 Gulf War.

Goldman reported on the 15th that if the outage period was as short as one week, the increase in crude oil price was only 3-5 dollars per barrel, but the outage period was 2-6 weeks. The case is expected to rise 5-14 dollars. “If the impact of 4 million barrels a day is deducted for more than 3 months, the price will rise to over $ 75 per barrel, greatly boosting demand for shale oil and increasing the supply of shale oil. Will increase. "

On the other hand, Barclays in the UK has indicated that the attack will not have a major impact on the country's exports, as Saudi has a large stock of crude oil and petroleum products.

Source: asahi

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