Higher fuel prices

News of the 18/09/2019

The Saudi Aramco oil complex in Saudi Arabia was attacked this weekend inevitably causing a sustainable increase in fuels.

These attacks have reduced Saudi output by 50%, which alone accounts for 5% of world production. The price of a barrel jumped immediately by 14.6%.

The most impacted continent is Asia, which depends mainly on black gold from Saudi Arabia. The situation is expected to improve in the coming weeks but the full repair for the resumption of production will be finished in several months.

A priori, the impact in France will be only a few cents but Minister Elisabeth Borne said she was ready to use strategic stocks for professionals if the situation became critical.

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