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Oil prices rise after Houthi attack on Saudi oil field

2019-08-19 11:12 am | Resource: News | No Views : 52

Oil prices rise after Houthi attack on Saudi oil field

Oil prices rose more than 1 percent on Monday after a drone attack claimed by Yemen's Houthi rebels sparked a fire at a Saudi oil and gas field. Saudi Aramco's Shaybah oil facility was attacked by a drone on Saturday, raising tensions in the Middle East. This resulted in a fire but no interruption in oil production or transportation.

Iran says it has warned the United States not to seize the oil tanker

Iran has warned the United States not to seize the oil tanker Adrian Daria-1, formerly known as Grace-1, the Foreign Ministry said on Monday. Officials in Tehran said any attempt by the United States to seize the tanker would be a "threat to international shipping security." The tanker was seen on Monday as it moved towards Greek Kalamata. Grace-1 was seized in Gibraltar after the United Kingdom and the United States said it violated sanctions against Syria by trying to get oil into the country. Tehran assured Gibraltar that oil would not reach Syria after its release.

Zarif in Finland for talks on Iran's nuclear deal

On the other hand, Zarif said upon his arrival in Helsinki: "Before the UN General Assembly in New York in particular, it is necessary to work for this coordination given our current special situation. Finland, Sweden and Norway are all active in our regional issues; Sweden was responsible for the summit. The first Yemeni, and Norway is seeking to organize a summit on Afghanistan, so it is necessary to have a dialogue with these countries on regional issues as well.

Japan's oil imports rise 5.1% in July

Meanwhile, Japan's Finance Ministry said on Monday that the country's imports of crude oil cleared by customs increased 5.1 percent in July compared with the level in the same month a year ago. Preliminary data showed that Japan, the fourth largest buyer of crude oil in the world, imported 3.05 million barrels per day of crude oil last month.

Oil Trading
  • Brent crude jumped 1 percent to $ 59.23 a barrel.
  • US crude futures rose 1.05 percent to $ 55.38 a barrel.


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Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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