As a consequence of the recent attack on Saudi Arabia's oil facilities last Tuesday, 17, the price of the barrel of oil (Brent) opened and remained around the US $68.00. The ' 11 September oil market ', as it is called by some experts, has made Saudi Arabia block half of its daily oil production, equivalent to 5% of the world's production.
According to data from the Brazilian Institute of Petroleum, Gas and biofuels (IBP), currently the U.S. is the largest oil producer in the world, with Saudi Arabia leading in second place.
Therefore, U.S. President Donald Trump said yesterday that he would release the country's oil reserve to keep the market stocked and assist the Saudi allies if necessary.
Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount….
— Donald J. Trump (@realDonaldTrump) September 15, 2019
Trump also claimed to be ready to retaliated and accused U.S. rival Iran of being responsible for the attack on the premises. However, the group of Rebels Houthis, Yemen, took responsibility for the onus: "We have the long arm, and it can reach anywhere, at any time," warned the military spokesman of the group, Yahiya Saree, addressing the Saudi kingdom. Several Saudi officers have doubted the confirmation, advocating that the attack would not be from Yemen, but from Iran himself, his main rival and supporter of the Houthis.
The fact is that the attack on oil companies in Saudi Arabia has destabilized the region of the Persian Gulf further, showed the world the vulnerability of onshore stations, affected the international market and further increased the tension between the United States and Iran.
In other words, the presence of the United States on the issue of the Saudi attack is more related to the clash of years against Iran than with the alliance with Arabia itself.
The Saudi Ministry of Energy, Prince Abdulaziz bin Salman, said in a press conference that the production of 2 million barrels per day has already been recovered and that by the end of this month, productivity will be fully restored.
Stay up to date with the oil and gas market news through Panorama Offshore. Get the latest information on oil, gas, energies, pre-salt, biofuels, petrol, Petrobras, offshore and more! Follow us on social networks through www.panoramaoffshore.com.br, www.facebook.com/panoramaoffshore and www.instagram.com/panoramaoffshore.ACESSE AS REDES DA PANORAMA OFFSHORE: