The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Oil rises amid doubts about speed of Saudi recovery from attacks

Pubdate:2019-09-20 09:31 Source:liyanping Click:

LONDON (Bloomberg) - Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production.

Futures gained 2.1% in New York after paring around half of Monday’s 15% surge over the past two days. The Saudis asked Iraq’s national oil company for as much as 20 MMbbl of crude to supply its domestic refineries, Dow Jones reported. The kingdom’s damaged Abqaiq oil facility is operating at around 40% of its pre-attack levels and output should be fully restored by the end of the month, according to Saudi Aramco CEO Amin Nasser.

The market remains on edge over concerns that Saudi Arabia’s recovery from the attack will take longer than expected even though the kingdom has said it will honor its export commitments. There are also worries hostilities may flare again in the Middle East as Saudi Arabia said Iran unquestionably sponsored the strikes and U.S. President Donald Trump plans to add “some very significant sanctions” on the Persian nation this week.

“It’s an exaggeration that calm has been restored in the oil market” despite Saudi Arabia’s assurances on supply, said Tamas Varga, an analyst at PVM Oil Associates Ltd.

West Texas Intermediate crude for October delivery rose $1.20 to $59.31 a barrel on the New York Mercantile Exchange as of 11:32 a.m. in London. It dropped 2.1% on Wednesday following Tuesday’s 5.7% decline.

Brent for November settlement added $1.70 to $65.30 a barrel on the ICE Futures Europe Exchange after falling 1.5% on Wednesday. The global benchmark crude traded at a $6.07 premium to WTI for the same month.

Emergency Stockpiles

There’s also no need to release emergency stockpiles because current supplies are adequate, International Energy Agency executive director Fatih Birol said on Wednesday. The group’s members held about 1.55 Bbbl of emergency crude stocks, more than enough to offset any disruption. The global oil market has enough resources to balance a large supply outage without requiring a strategic petroleum reserve release by developed nations, Goldman Sachs Group Inc. said in a note.

An Energy Information Administration report showed U.S. oil inventories rose by 1.06 MMbbl last week. That was almost double what the American Petroleum Institute reported Tuesday and compared with analyst forecasts for a 2.25 MMbbl decline. Gasoline stockpiles increased 781,000 bbl, while distillate supplies climbed 437,000 bbl, the EIA said.

主站蜘蛛池模板: 国产精品k频道在线看| 狠狠躁夜夜躁人人爽天天不| 日韩一级片在线观看| 成人免费无码大片a毛片| 国产一区二区三精品久久久无广告| 久久精品中文字幕无码绿巨人 | 黑人巨鞭大战欧美肥妇| 欧美一区二区三区久久综| 国产福利在线视频尤物tv| 亚洲sss综合天堂久久久| 韩国成人在线视频| 日韩一区在线视频| 国产午夜电影在线观看| 久久久久久国产精品三级| 色吊丝永久性观看网站大全| 手机在线观看av片| 再深点灬舒服灬太大了网站| 一二三四社区在线高清观看在线| 白嫩奶水的乳奴| 国外成人免费高清激情视频| 亚洲日韩一页精品发布| 亚洲性图第一页| 日本特黄特色aaa大片免费| 国产123区在线视频观看| 一区二区精品在线| 波多野结衣痴汉电车| 国产精品爽爽va在线观看无码 | 亚洲成人免费网站| 亚洲国产成人va在线观看| 日韩亚洲专区在线电影| 噼里啪啦完整高清观看视频| 一区二区三区在线观看视频| 激情射精爆插热吻无码视频| 国产精品入口麻豆免费观看| 久久精品国产96精品亚洲| 色先锋影音资源| 天天操天天干天天拍| 亚洲国产成人久久综合一区| 高清性色生活片a| 婷婷色天使在线视频观看| 亚洲欧美人成综合导航|