After the new report: the Price dive

Saudi Arabia's oil production before the end of september to be back on the same level as before the weekend's attack on two of the country's oil facilities.

After the new report: the Price dive

Saudi Arabia's oil production before the end of september to be back on the same level as before the weekend's attack on two of the country's oil facilities.

Ann McDonald
Ann McDonald
18 September 2019 Wednesday 22:00
13 Reads
After the new report: the Price dive

Saudi Arabia's oil production before the end of september to be back on the same level as before the weekend's attack on two of the country's oil facilities.

It said the saudi energy minister, prince Abdulaziz bin Salman, at a press conference on Tuesday.

He also indicated that Saudi Arabia has restored the normal dagsforsyning of the oil by drawing on its stocks.

After the announcement dropped the price of oil by about six percent on the råvarebørsen in New York.

the Price of a barrel of nordsøolie for delivery in november fell by less than 4.50 to 64,55 dollar.

Saturday was the two major oil facility in Saudi Arabia subjected to an attack with the drones, which was allegedly equipped with explosives. The attacks have more than halved the country's oil production and reduced the world's daily supply by nearly six percent.

It triggered on Monday an increase in the price of crude oil at about 15 percent. At a time was the price around 20 percent higher, but fell back again as president of the UNITED states, Donald Trump, announced, that if it should become necessary, the UNITED states would provide the markets with oil from its strategic oil reserves.

It remains unclear who is responsible for Saturday's drone strikes. Houthi rebels in Yemen, which is fought by a coalition led by Saudi Arabia, have said that they stand behind.

the UNITED states suspects on the contrary Iran to have carried out the attack.

- We review all the evidence. We shall consult our allies, " says vice president Mike Pence.

The u.s. government believes that the drones were sent against olieanlæggene from somewhere in the south-west of Iran. It informs a source in Washington D. C.

While Saudi Arabia and the UNITED states are close allies, as both countries have a strained relationship with Iran. The relationship between the UNITED states and Iran have deteriorated since president Donald Trump in 2018 pulled the UNITED states out of an international atomaftale with Iran and the reintroduction of the sanctions against the country.

Updated: 18.09.2019 22:00
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