Manycountriesarebracingforimpactaspunditssaypricesmightspikeupto $10 perbarrelareKimMorganstartsUSoffthismorningwithSaudioilattack A gamechangeronglobaloilprices?
A spikeinglobaloilpricesseemstobeinevitableintheaftermathofSaturday's droneattacksonSaudiArabia's mainoilprocessingplants, whichhadbeenaccountableforsome 5% of a globaloilsupply.
TheNation.
Staterunoilcompanies, SaudiAramcohastemporarilyclosestfacilities, whichmanyexpertsexpectwillcause a lackofsupply, leadingtohigherglobaloilprices.
SaudiArabia's EnergyMinisterAbdulAzizbinSalmansaysthestrikeswillcutthekingdom's oiloutputby 5.7 millionbarrels a day. 00:00:58.770 --> 00:01:9.160 Theresultsareexpectedtodeal a bigblowtomanycountries, includingSouthKorea, JapanandChina, whicheachimportaroundfourmillionbarrelsofSaudicrudeoilonaverageeveryday. 00:01:9.530 --> 00:01:16.260 Globaloilpriceshaverecentlybeenlow, withBrentcrude, theglobalbenchmarkclosingat 60.22 U.
S.
DollarsperbarrelonFriday.
Butsomeexpertsforecast a pricetoincreaseby $10 perbarrelwhenmarketsopenonMonday.
Manycountriesarebracingforimpactaspunditssaypricesmightspikeupto $10 perbarrelareKimMorganstartsUSoffthismorningwithSaudioilattack A gamechangeronglobaloilprices?