Tag: oil
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Saudi Arabia faces hard choices as Houthis gain in Yemen
Saudi Arabia faces growing security and economic problems as it seeks to balance deterrence and diplomacy during its escalating conflict with the Iran-backed Houthis in neighboring Yemen.
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Saudi Arabia: Satellite image reveals major damage that shut crucial oil pipeline
Experts tell BBC Verify the pipeline’s closure could cut oil supplies by as much as 3.6 million barrels per day.
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Oil climbs as Saudi pipeline outage, fresh attacks heighten supply concerns
Sept 15 : Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom’s East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf.Brent crude futures rose $1.37, or 1.3 per cent, to $107.05 a barre
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Dollar near two-week high as oil surge lifts yields, Fed hike bets
HONG KONG, Sept 15 : The dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week.It also gained support as risk appetite weakened after stock markets tumbled, with AI-related
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Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns
Sept 15 : Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom’s East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf.Brent crude futures rose $1.24, or 1.18 per cent, to $106.93 a barr
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Oil settles higher after Saudi strikes stoke supply worries
NEW YORK, Sept 14 : Oil prices settled about 1 per cent higher on Monday as worries about energy supplies mounted following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East.Both crude benchmarks jumped almost 5 per cent, then retreated from session highs after U.S.
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Oil prices climb over 2% after strikes on Saudi pipeline and ships in Middle East
NEW YORK, Sept 14 : Oil prices climbed over 2 per cent on Monday as worries about energy supplies mounted following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East.Brent futures rose $2.72, or 2.6 per cent, to $107.33 per barrel at 11:39 a.m. EDT (1539 GMT). U.S. We
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CPC increased oil exports by 22% in August after fewer attacks on tankers, sources say
MOSCOW, Sept 14 : Caspian Pipeline Consortium (CPC) increased its oil exports in August by 22 per cent from the previous month to 6.288 million metric tons, or 1.6 million barrels per day (bpd), as loadings stabilised amid lower attacks on tankers, two industry sources told Reuters.In July CPC Blend oil loadi
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Oil prices jump more than US$3 after new strikes on Saudi, Strait of Hormuz
BEIJING: Oil prices rose more than US$3 a barrel at the market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday (Sep 13).Brent crude futures rose US$3.62, or 3.46 per cent, to US$108.23 per barrel as of 10.14pm GMT Sunday. WTI futures rose US$3.15, or 3.15 per…
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Saudi oil pipeline attack could raise global gas prices
The East-West pipeline was meant to keep Saudi crude oil flowing when the Strait of Hormuz became impassable. Now that route has also been hit, putting Saudi Arabia’s export options under new pressure.
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