Saudi Aramco was attacked

Saudi Aramco said on its website that 5.7 million barrels a day of crude oil production was shut down after a fire broke out at its factories in Bulgaria and Kules as a result of terrorist attacks. he attack was linked to Ras Tanura, Saudi Arabia's largest crude oil export port, with an export volume of about 3.4 million barrels per day, more than half of Saudi Arabia's total exports.

Crude oil boom

Saudi Arabia's Aramco Oil Company was attacked by unmanned aerial vehicles; Brent jumped 19% in the opening session. The price of WTI crude oil futures is up to $63.34 per barrel. At present, the price of WTI crude oil futures is on the front line of $59 per barrel, up 7.57% from the previous trading day. China crude oil futures closed at 470.2 RMB per barrel on the 16th, up 6.28% from the previous trading day.

Domestic refined oil market rise

Fueled by the news of international crude oil surge and the demand for replenishment in the gasoline and diesel market after the Mid-Autumn Festival, the sentiment of the finished product market is strong. On September 16, domestic gasoline prices rose 4.6% compared with the previous day, and diesel prices rose 1.9% compared with the previous day.

Market Forecast

The attack on Saudi Aramco, the international crude oil market caught off guard. At present, WTI crude oil and China crude oil futures are both rising and falling. The positive effects of the attack on Saudi Aramco are being digested. An analyst of refined oil in SunSirs believes that domestic refined oil market prices have supportive demand, and it is expected that refined oil market prices will continue to rise, but the increase will be weakened as the good effect of crude oil dissipates.

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