The attack on Saudi Arabia. Why expensive oil

Атака на Саудовскую Аравию. Почему дорожает нефть

In the Persian Gulf were attacked four oil tankers. Later the drones with explosives attacked the pipeline.

In the Persian Gulf was attacked four tankers, two of which belonged to Saudi Arabia. Soon drones carrying explosives attacked two pump stations on Saudi Aramco pipeline East-West. Riyadh was forced to stop pumping.

On the eve of the USA warned that Iran could launch attacks on commercial and military vessels. Tehran denies any involvement in the incident. On the background of the attacks, oil prices went up sharply. Корреспондент.net says Podrobnosti.

 

The attack on Saudi Arabia

Some Arab media have reported that at dawn on may 12 in the port of Fujairah in the United Arab Emirates explosions occurred in seven moored there, large oil tankers.

While telekanal Lebanese Al-Mayadeen also reported that on the territory of the port circled American and French military aircraft.

Local authorities information about the explosions in denial.

May 13, Saudi Arabia said the explosions at two oil tankers crossing the Persian Gulf near the coast of the UAE.

Ministr industry and mineral resources of Saudi Arabia Khaled bin Abdul Aziz al-Faleh called the attack sabotage and reported that both the tanker suffered serious damage. Oil leak and when it was not. As a result, nobody was hurt.

Also suffered two of the tanker, presumably from the UAE and Norway. Al-Faleh said that this attack undermines the freedom of Maritime navigation and the security of supplies of fuel for consumers around the world.

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One of the Saudi tanker was in the port of RAS Tanura to load crude oil for us clients company, Saudi Aramco.

14 may, the Minister of energy of Saudi Arabia reported that two oil stations, Saudi Aramco was attacked by armed drones. Was stopped oil pumping to assess the damage and carry out restoration work.

Атака на Саудовскую Аравию. Почему дорожает нефть

EPA

The pipeline oil goes to the port of Yanbu on the red sea coast. Attack of the drones caused the fire, which in the end managed to cope. According to al-falikha, oil export goes without a hitch. The Minister called the attack a terrorist act aimed at destabilizing the world market of hydrocarbons.

Of responsibility for the attack said the Houthi rebels in Yemen, which is supported by Iran. A bloody war in this country also supports Saudi Arabia, but on the side of government troops.

“This is the message of Saudi Arabia. Stop your aggression. Our goal is to respond to crimes that are daily committed against the Yemeni people,” – said in their statement.

 

Warned

Arab countries condemned the attacks on the tankers and said that “such irresponsible actions” increase tensions in the region. But none of the Arab States did not name the perpetrators.

It should be noted that on 9 may the Us Maritime administration has warned of the threat in the area of Fujairah.

“From the beginning of may increases the likelihood that Iran and/or its regional allies can take action against US interests and their partners, including against the infrastructure of oil production, after recently threatened to close the Strait of Hormuz”, – stated in the message.

This warning was issued two days after Iran announced the suspension of its obligations on the nuclear agreement. Detail in the material an Ultimatum to the EU: Iran rejects nuclear deal.

Tehran, in turn, expressed regret in connection with incident with the tankers and called it an “act of vandalism” and warned of a “conspiracy to undermine security and stability in the region.” The Iranian Parliament suggested that the attack could be carried out by a third party.

 

Iran threatened to close the Strait

The port of Fujairah is located 140 kilometers South of the entrance to the Strait of Hormuz – a major sea route for global trade of oil. It connects the Persian and Oman gulfs and through it passes about one-third of the marine oil trade and almost one fifth of all world oil consumption.

Go through Hormuz oil supplies from Saudi Arabia, Iran, UAE, Kuwait and Iraq and nearly all the LNG produced by the world’s largest exporter of this fuel – Qatar.

Iran threatened that could block the oil supplies in the Persian Gulf through the Strait of Hormuz, if the United States will reinstate sanctions and impose a ban on the sale of Iranian oil. Now Iran allow the use of their territorial waters on a voluntary basis.

Experts, however, say that the blocking of the Strait rather hurt not the oil and gas market (through the Strait is transported 30 percent traded in the world market of liquefied natural gas), as there are still four of the pipeline.

In April, the tension in relations between the US and Iran have intensified with renewed vigor. So, the countries recognized the army each other terrorist organizations. In addition, Washington has decided not to extend the exemption from the sanctions for a number of countries that buy Iranian oil

Then in early may Iran, according to media reports, installed ballistic missiles short range on their ships in the Persian Gulf.

In response, the US deployed a carrier strike group led by the aircraft carrier Abraham Lincoln and the target group of bombers in the area of responsibility of U.S. Central command in the middle East.

 

Oil becomes more expensive

The oil market reacted to the rise on the news from the Middle East. July Brent crude on London’s ICE Futures exchange this time rose by a dollar and half a day to 71.44 per barrel.

Additional support for the oil market had a statement of the President of the United States Donald trump that he has not yet made a decision on whether to raise tariffs on the remaining products in Chinese exports.

Also, the market expects the data about fuel stocks in the United States. The American petroleum Institute will release its data on may 15.

According to estimates of experts surveyed by Bloomberg, last week oil stocks in the United States increased by 170 thousand barrels, while gasoline supplies fell by 290 thousand barrels, distillates – by 580 thousand barrels.

 

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