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Crude oil price soars, uneasy supply to market

2019-09-16T04:13:31.606Z


The crude oil market has soared on the 16th after the attack on the Saudi crude oil facility. One of the price indicators, North Sea Brent futures rose to $ 71.95 per barrel, 19% higher than the closing price of the previous weekend, temporarily on the morning of 16th Japan time. International energy ...


The crude oil market has soared on the 16th after the attack on the Saudi crude oil facility. One of the price indicators, North Sea Brent futures rose to $ 71.95 per barrel, 19% higher than the closing price of the previous weekend, temporarily on the morning of 16th Japan time. The International Energy Agency (IEA) has issued a statement that “there is enough inventory,” but the market is shaken by supply concerns.

Two facilities of the state-run oil company “Saudi Aramco” were attacked by drones on the 14th, and about 5.7 million barrels per day, half the production volume of Saudi Arabia, was suspended. This is equivalent to about 5% of the world's daily supply.

In addition to IEA, American Trump ...

Source: asahi

All news articles on 2019-09-16

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