Drone attack adds lead to Saudi oil supply: Darcy cartoon
17 Septembre, 2019, 21:16 | Auteur: Auguste Feret
The Wall Street Journal, citing unnamed sources, reported that the intelligence report-that was not shared publicly-indicated that Iran raided the massive oil field with at least a dozen missiles and 20 drones.
However, U.S. Secretary of State Mike Pompeo has blamed Iran for the weekend ambush on the oil plants that affected about 5 percent of the daily global oil supply.
In the futures market, backwardation (spot price at a premium to futures price) in the Brent crude 6-month futures curve has spiked to its highest since September 2013, a time at which Brent crude futures were trading above $100/bbl.
Brent crude was down 36 cents, or 0.5 per cent, at $68.66 a barrel at 0930 GMT, and West Texas Intermediate was down 57 cents, or 0.9 per cent, at $62.33 a barrel.
"All eyes will be on the Saudi news conference", said Samuel Ciszuk, founding partner at Stockholm-based ELS Analysis.
"We need a proper damage assessment, we need to see a recovery plan".
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Sunday afternoon the hurricane center now gives this wave an 80% chance of becoming a tropical depression over the next 5 days. On Monday morning, Humberto grew stronger and gained more speed in its journey northeast as forecasted earlier.
Trump said "we pretty much already know" but that Washington still wanted more proof.
American officials released satellite images of the damage at the heart of the kingdom's Abqaiq processing plant and a key oil field, and two U.S. officials said the attackers used multiple cruise missiles and drone aircraft.
Iran was the staging ground for the weekend attacks on the massive Saudi Arabia oil field, according to US intelligence that was shared with the kingdom, a report said.
"All indications are that weapons used in both attacks came from Iran", rather than Yemen, coalition spokesman Turki al-Maliki told reporters in Riyadh, adding that an investigation was underway.
Tehran rejects the charges it was behind the strikes and on Tuesday ruled out talks with Trump.
Saudi King Salman meanwhile called on governments around the world to confront the threats to oil supplies.
Khamenei said the United States wants to prove its "maximum pressure policy" against Iran is successful.
Il ( Djamel Belmadi Ndr) a eu des mots d'entraîneur convaincants [.] des mots qui manquaient pour me décider. Patrick Mboma s'est déclaré candidat au poste de sélectionneur du Cameroun, lundi soir sur Canal + Afrique.
The National Hurricane Center has given this system a high chance of development within the next 5 days, now reported at 70%. The Bahamas escaped the brunt of Humberto as the hurricane passed by the island on Saturday with sustained winds of 70mph.
Ferrari be released today. 20th Century Fox has debuted the new Ford v Ferrari trailer and poster, which you can both view below. When we heard Caitriona Balfe would be in a movie with Christian Bale and Matt Damon , we were beyond excited.
Snowden also describes his crisis of conscience that ensued, which lead him to whistle blow on the agency. It resulted in a worldwide focus on American intelligence organization's surveillance efforts.
Kim Kardashian has previously been open about her medical worries on worldwide TV when she suffered from psoriasis. However, her joint pain is very real, and not a result of the carpal tunnel she was diagnosed with previous year .
He asserted that Indian views are being heard more clearly at worldwide forums. "As the relationship grows there will be issues. We have been talking to the U.S. , my expectation is that the sharper edges will be addressed in the not too distant future".
The oil price will likely continue to be volatile while market attempts to quantify the extent of the supply disruption. The country was responsible for about 12% of the world's oil production in 2018, according to the U.S.
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As of 1.39am GMT, Brent oil eased to gain by 11.13% at US$66.42 per barrel, according to IG data . The kingdom is the world's biggest oil exporter, shipping more than seven million barrels daily.
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