News listings

energy-pedia general news

Saudi Arabia flagSaudi Arabia

Middle East / Africa >>> Saudi Arabia

Oil prices soar after attacks on Saudi facilities


16 Sep 2019

Photo - see caption

Oil prices ended nearly 15% higher on Monday, with the Brent benchmark seeing its biggest jump in about 30 years. The rise came after two attacks on Saudi Arabian facilities on Saturday knocked out about 5% of global supply.

Brent crude initially surged 20% at the start of trading, but eased back to end at $69 a barrel, up 14.6%. US oil prices finished up 14.7%, the biggest jump since 2008. Prices fell back after President Donald Trump vowed to release US reserves.

The strike, which the US blames on Iran, has sparked fears of increased risk to energy supplies in the region.

However, prices remain below Brent's 12-month high of $86.29 a barrel seen last October, when West Texas Intermediate also climbed to more than $76 a barrel.

Click here for full BBC News article

Source: BBC News





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1699
Completed deals: 5237

Company Profiles

Current Company Profiles: 2647

Corporate Activity

Current Corporate Activity articles: 3316

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1364

Geostudies

Current Geostudies articles: 645

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

KL Publishing
Government of South Australia
count geophysics
energy365
SLR Consulting logo
Geoespace
Rose & Assocs 149
Bayphase
OPC
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com