An attack on Saudi Arabian oil fields has removed about 5% of global oil supplies. As a result, oil prices have jumped.
• President Trump would cushion the oil price increase by releasing oil from the Strategic Petroleum Reserve, if needed.• Saudi Arabia has a substantial stockpile of oil that it can use to keep the market supplied with oil.• It is relatively easy to increase production of oil in the United States.• The world economy is slowing. The latest data from China shows that industrial production is at its lowest point in 17 years.• Since the U.S.
• Of significant interest are oil-service stocks such as Halliburton HAL, +10.95% and Schlumberger SLB, +5.30%.
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Source: CNBC - 🏆 12. / 72 Read more »
Saudi Aramco attacks: What we know so farAn attack on Saudi Arabia that triggered the biggest jump in oil prices in almos... saudia stop killing muslims in yemen and syria. all muslim countries support iran and against terrorist saudia
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Source: ABC - 🏆 471. / 51 Read more »
Evidence points to Iran weapons used in Saudi strike, says alliance, as oil jumpsFollowing an attack on Saudi Arabia that shut 5% of global crude output and triggered the biggest surge in oil prices since 1991, U.S. energy secretary says oil market robust 'despite Iran's malign efforts.' More: freddiethekat That is a nice car. freddiethekat Aw Shucks... Is That what This 'attack BS' is about? Raising the price of gasoline worldwide?
Source: Reuters - 🏆 2. / 97 Read more »
Evidence points to Iranian hand in oil attack, says Saudi alliance, as prices soar'Despite Iran's malign efforts we are very confident that the market is resilient and will respond positively,' said Energy Secretary Perry following an attack on Saudi Arabia that triggered the biggest surge in oil prices since 1991. Follow the updates: “Despite mossads’ and the cias efforts...” WagTheDog Perry Throwing a glance at what happens in the Middle East shines more light on, the region has No room for the wearing-diaper American terrorists. Sooner or later all of them will have to sneak away& leave the floor to Iran.
Source: Reuters - 🏆 2. / 97 Read more »
Australia stocks set to trade little changed; oil prices spike 13% after attacks on Saudi oil productionInvestors will watch for market reaction in shares of oil companies across the region on Monday, following a surge in crude prices after drone attacks hit Saudi oil supply. A spike just in time for the IPO ... how convenient. Just the beginning. $100 oil coming. Billions to be made in this IPO.
Source: CNBC - 🏆 12. / 72 Read more »