Iran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, have claimed this weekend’s strikes on two plants owned by state giant Aramco in eastern Saudi Arabia. – AFP pic, September 17, 2019.
OIL prices dipped today but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to blame. The crisis revived fears of a conflict in the tinderbox Gulf region and raised questions about the security of crude fields in the world’s top exporter as well as other producers.
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US blames Iran for Saudi oil attackPresident Trump says the US are ready for a potential response to the attack on Saudi Arabia's oil facilities, believed to be perpetrated by Iran. FMTNews 😂😂😂.. Only 2 oil depot was hit... And oil price surge 12-15%. Cant imagine all out war broke in middle east.. and all oil facilities is hit .yall will be the first to collapse economically. Can your industries operate if oil price skyrocketed up to 50%- 100%? 😂😂😂 Stay out, US. Out. It is Saudi Arabia’s problem. Their war. Let them deal with it. Okay? Great and petrol price might be rm12 per liter unless US or Russia release their stock piles! Kita juga kena!
Source: fmtoday - 🏆 5. / 72 Read more »
Oil sees biggest surge since 1991 after Saudi attackPrices soar by as much as 19 percent but ease after US plans to release emergencies supplies.
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Asian buyers to still get contracted oil supply, says SaudiLess-sulphurous grades are already in high demand due to new rules mandating a switch to cleaner shipping fuel. FMTNews
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US natural gas may lose as oil surges on Saudi crisis, says GoldmanAnalyst Samantha Dart opines a sustained increase in crude prices could end up having a bearish impact on natural gas balances. FMTNews
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Yemen rebels threaten new attacks on Saudi oil sitesDrone strikes on two Saudi facilities halted half of the kingdom's oil production as Yemen rebels threaten more attacks. FMTNews
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RON95 price cap to remain for now despite Saudi oil plant attacks - LimThe finance minister, however, says Putrajaya needs more time to study the matter. Lim Guan Eng
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