Photo: Ahmed Jadallah / Reuters
The price of oil could jump to $ 100 per barrel if Saudi Arabia will not be able to fully recover raw material supply. This writes Reuters, citing analysts polled.
“The market may see a return of oil at a price of $ 100 per barrel, if the problem [raw material] will not be solved in the nearest future”, — said General Director of Onyx Commodities Greg Newman.
On Monday, the price of November futures for Brent crude oil was already up 19 percent, to 71,95 dollars per barrel, the price of October futures for WTI crude oil increased 15 percent to 63,34 dollar, according to the London exchange ICE. As of 8:19 Moscow time, Brent fell slightly — to 66.21 per barrel, WTI to 8:07 — 59,77 to the dollar.
Saudi Arabia, the largest exporter and second largest oil producer in the world, twice (at 5.7 million barrels per day) reduced production after the night of September 14, its oil facilities were attacked by the drones. Responsibility for the attack has taken the Yemeni Houthi rebels, which is fighting against an Arab coalition led by Saudi Arabia.
After the bombing started a fire that was extinguished. While the work of enterprises will recover, Saudi Arabia intends to handle crude oil from inventory. However, the decline in production to 5.7 million barrels per day is so much that can not last long, according to CNBC, citing experts. Saudi Arabia has declared its intention Monday, September 16, to restore the production of about two million barrels.
USA is the largest oil producer in the world — has said it is ready to print their strategic reserves if necessary to stabilize the world energy market. About the American President Donald trump said in his Twitter.
Video, photo All from Russia.