Go

Follow Us

Post Saudi attacks, oil may touch $100

LONDON:The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

London, September 15

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

Attacks on two plants at the heart of the kingdom’s oil industry on Saturday knocked out more than half of the Saudi crude output, or 5 per cent of the global supply. Industry sources have said it may take weeks to bring production fully online. — Reuters

Show comments

Show comments

Top News

‘Congress mantra is loot in life, loot after life’: PM Modi on Sam Pitroda’s 'inheritance tax' remarks

Congress distances itself from Sam Pitroda’s ‘inheritance tax' remarks; Pitroda says ‘statement twisted to divert attention’

Congress suspends Punjab’s Phillaur MLA Vikramjit Chaudhary over statements against ex-CM Charanjit Channi

Cross-verification of votes: Supreme Court reserves verdict after noting Election Commission’s answers to queries

Union minister Nitin Gadkari faints while speaking at campaign rally in Maharashtra

Don’t Miss

View All

Scottish Sikh artist Jasleen Kaur shortlisted for prestigious Turner Prize

Jasleen Kaur, in her 30s, has been nominated for her solo exhibition entitled ‘Alter Altar' at Tramway contemporary arts venue in Glasgow

Europe is fastest-warming continent, at nearly twice the average global rate: Report

Organ donation: In death, two give new lease of life to 4 patients

Peony flower trials in Palampur cheer farm scientists

Amritsar: ‘Jallianwala Bagh toll 57 more than recorded’

GNDU team updates 1919 massacre toll to 434 after two-year study

Meet Gopi Thotakura, a pilot set to become 1st Indian to venture into space as tourist

Thotakura was selected as one of the six crew members for the mission, the flight date of which is yet to be announced

Sikhs celebrate 'Khalsa Sajna Divas' on New York Assembly premises

Diljit Dosanjh’s alleged wife slams social media for misuse of her identity amid speculations

He is yet to respond to the recent claims about his wife

View all stories in this section

Most Read In 24 Hours

1

2

3

4

5

6

7

8

9

10