Saudi Arabia will invite international experts including from the United Nations to participate in investigating an attack on its oil facilities and called on the world to condemn those behind it, its foreign ministry said on Monday (Sep 16).
Preliminary investigations showed that Iranian weapons were used in the attack, which knocked out more than half of Saudi Arabia’s oil production and damaged the world’s biggest crude processing plant, the ministry statement said.
Saudi Arabia “affirms that it has the capability and resolve to defend its land and people, and to forcefully respond to these aggressions,” the statement added, calling the attack “an unprecedented act of aggression and sabotage” and an “egregious crime which threatens international peace and security.”
The ministry said the attack above all targeted global oil supplies and called it an extension of previous hostile acts against oil pumping stations in May.
Oil prices surged more than 15pc to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5pc of global oil supply.
Brent crude futures jumped more than 19pc to a session high of $71.95 a barrel at the opening, while US crude futures surged more than 15pc to a session high of $63.34 a barrel. Both benchmarks rose to the highest since May. Prices were up about 12pc by 6:29 p.m. (2229 GMT), giving up some gains after US President Donald Trump said he authorized the release of oil from the US Strategic Petroleum Reserve (SPR) if needed in a quantity to be determined because of the attack on Saudi’s facilities.
Your email address will not be published. Required fields are marked *