Tag: saudi
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Oil falls as US crude inventories rise despite Saudi supply concerns
BEIJING, Sept 16 : Oil prices fell on Wednesday after an unexpected build in U.S. crude inventories, while investors assessed supply risks after Saudi Arabia suspended oil loadings at its Yanbu port following an attack on its East-West pipeline to the Red Sea.Brent crude futures fell 93 cents, or 0.86 per cen
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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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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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Yemen’s Houthis attack Saudis, seize crucial Red Sea islands
Iran-backed Houthi rebels have tightened their grip on a key shipping route, capturing two strategic Red Sea islands. The closure of another global transport route is the latest ripple effect of the US war with Iran.
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Saudi Super Cup heads to Kuwait in Gulf expansion drive
Sept 14 : Kuwait will host the Saudi Super Cup for the first time when the four-team competition is staged from December 19 to 23, the Saudi Arabian Football Federation (SAFF) said on Monday.The tournament will be held at Jaber Al-Ahmad International Stadium and feature Al-Nassr, Al-Ahli, Al-Qadsiah and Al-Kh
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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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