WELCOME TO SEKO Machinery Co.Ltd. WEBSITE

One-stop service platform of
High-end industrial weld pipe making machine

Website
Dimensional
Code
SEKO SEKO
NEWS
Home > News > Industry News > Super Black Swan, the Oil Production of Saudi Arabia’s Oil Hit A 50% Drop in Daily Output

Industry News

You need a phone that we will provide the most suitable products, so you spend the least money to achieve the best results

SEKO

Contact

SEKO

Add.:No.13,Haiyu 2nd Road,Fuyu Village,Leliu Town,Shunde District, Foshan City,Guangdong

Tel:86-757-29390988

E-mail:seko@gdseko.com

Super Black Swan, the Oil Production of Saudi Arabia’s Oil Hit A 50% Drop in Daily Output

Source:Iris Liang Time:2019-9-16 9:35:17

The Saudi Arabian Interior Ministry issued a statement on the 14th that in the early hours of the morning, several drones attacked Saudi Aramco, the two oil facilities of Saudi Aramco, and caused a fire.

It is reported that the attack will lead to a reduction of 5.7 million barrels of Saudi crude oil per day, or it will become a stimulus after the recent surge in crude oil prices, pushing up crude oil prices.

International oil price trend or upward trend

Since the attack occurred on weekends, global markets including crude oil were closed, and oil prices were not immediately affected. But on Monday, international oil prices are expected to be greatly affected. Because the production of the Saudi oil field, the world's largest crude oil exporter, has halved, and the impact of this attack remains to be seen.

However, before the attack, international crude oil prices remained weak, and the latest New York crude oil price fell 0.53% to $54.57.

The International Energy Agency (IEA) said it is closely monitoring the situation in Saudi Arabia. For the time being, commercial crude oil inventories are sufficient and the crude oil market is well supplied. The IEA maintains communication with the Saudi government, major oil producers (Saudi Ami, where oil facilities are attacked by drones), and many oil-consuming countries. However, the IEA did not disclose plans to release emergency crude oil inventories. SEKO Machinery's rotary black annealing solution furnace specially developed for large-diameter oil pipelines has been officially put into use in China Jiuli Group. Since the steel pipe has the characteristics of less deformation and no need for secondary straightening after its hot processing, it has been greatly appreciated by customers.

Prior to the attack, internationally renowned investment banks were looking at crude oil prices.

Barclays lowered its oil price forecast for the second half of this year and 2020, saying that the global macroeconomic outlook is weaker than expected, and the growth in demand for crude oil will slow down. Morgan Stanley also lowered its oil price forecast for the rest of the year, citing weak economic prospects, sluggish demand and shale oil growth that could offset the efforts of the Organization of Petroleum Exporting Countries (OPEC) to support the oil market.

A report released earlier by Morgan Stanley said: "As global economic growth slows, oil demand growth weakens."

Whether this sudden attack will change the trend of crude oil needs further tracking.


Welcome to inquire us!
Iris Liang
SEKO Machinery & Technology Co., Ltd
www.gdseko.com
E-mail: sales3@gdseko.com
Mobile phone: 13420628677
Tel: 0757-29390988
QQ: 845643527
Wechat/ Whatsapp: +86 13420628677
Skype: +86 13420628677


Related Product:

Intelligent industrial stainless steel tube bright annealing furnace,

Four type welding bead erasing machine,

Decorative pipe making machine



[PREV]:How does the FED Announce A 25 Basis Point Rate Cut Affect the Global Market?
[NEXT]:Why Choose TIG Welding When Making Stainless Steel Tubes?
[GO BACK]
[HOME]

HOME | Tube Mills | Weld Bead Rolling Machine | Bright Annealing Machine | Cooperation case | Seko News | About Seko | Contact us

Add.:No.13,Haiyu 2nd Road,Fuyu Village,Leliu Town,Shunde District,Foshan City,Guangdong

Tel:0757-29390988  E-mail:seko@gdseko.com  Web:www.gdseko.com

Desigh by Ceall.net

Copyright © Guangdong Shunde Seko Machinery Co.Ltd. All rights reserved   

  skype