Oljeprishopp etter angrep mot Saudi-Arabia

Oil prices have surged from around $104.50 per barrel to $107.60 since Friday, following a drone attack on an oil pipeline in Saudi Arabia. Saudi Arabia announced on Friday evening that it had closed the so-called east-west pipeline after the attack the previous day. No indications have been given when it will reopen. June Goh, an analyst at Sparta Commodities, told Bloomberg news agency that "everything depends on how long it lasts."

The east-west pipeline is crucial for shipping oil out of Saudi Arabia and avoiding the Hormuz crisis. Its closure threatens up to 4 percent of global oil supply, according to Reuters. The capacity is 7 million barrels per day. Storage at Yanbu can sustain exports for five to seven days, but beyond that, it would cause "enormous disruptions," says Suvro Sarkar, head of energy research at DBS Bank Ltd., speaking to Bloomberg.

Moreover, a tanker was also hit in the Strait of Hormuz during the weekend. A planned meeting between Iran and several other Gulf states, scheduled for Monday, has been postponed, according to Oman's Foreign Minister Badr Albusaidi, as reported by Bloomberg.