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Oil Prices Surge Nearly 20% After Attack On Saudi Facilities Hits Global Supply
2019-09-16 01:30:44| OGI
Oil prices surged more than 15% to their highest level in nearly four months as markets open after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply.
Tags: global
prices
supply
facilities
Saudi Attacks Raise Spectre Of Oil At $100/bbl
2019-09-15 14:44:49| OGI
The oil market will rally by $5 to $10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.
Saudi oil attacks: Will fuel prices go up?
2019-09-15 14:27:06| BBC News | Business | UK Edition
The BBC's Katie Prescott assesses whether drone strikes on Saudi oil facilities could affect consumers.
Saudi oil attacks: US blames Iran for drone strikes on two sites
2019-09-15 11:54:19| BBC News | Business | UK Edition
Tehran rejects the accusations on the drone attacks, which the Saudis say have halved oil production.
Global Spare Oil Capacity In US Hands After Saudi Outage
2019-09-14 23:16:58| OGI
An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.
Tags: global
hands
oil
capacity
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