Says S&P Platts in its report, adding that any delays will lead to further price increases in the weeks/months ahead
Saudi investors monitor stocks in Riyadh. Representation pic/AFP
Riyadh pumps some 9.9 million bpd of which around 7.0 million bpd are exported, mostly to Asian markets. "Saudi Arabia will likely say they can fully supply their customers, although as time goes on this may be challenging. Any indication of delays or supply tightness will lead to further price increases in the weeks/months ahead," S&P said.
Meanwhile, a US official has told AFP that they are certain Iran was behind the attack. The official said the US was gathering evidence on the attack to present to the international community.
3mn
Barrels per day to remain offline for 1 month
BJP govt concerned
In the biggest hike since July 5 Budget, petrol price increased by 14 paisa per litre to R72.17 and diesel by 15 paisa to R65.58 per litre in Delhi. Oil Minister Dharmendra Pradhan, who on Monday said India won't be hit by the Saudi attacks, said on Tuesday it was "a matter of concern for us".
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