U.S.

Iran denies successful cyber attacks on oil sector

Attacks on Saudi Arabia’s oil facilities have global consequences: US official

9:31 am September 18, 2019

Washington: The attacks on Saudi Arabia’s oil facilities have global consequences and the UN must play its part to address threats to international peace, a senior Trump administration official has said, as US Secretary of State Mike Pompeo left for Jeddah for talks with the top Saudi leadership. Saudi Arabia, a key American ally, leads […]

Pentagon sending reinforcements to Gulf following attacks in Saudi

Saudi Arabia: Half of daily production recovered post-attack

8:56 am September 18, 2019

Dubai: Saudi Arabia’s energy minister has said that more than half of the country’s daily crude oil production that was knocked out by an attack had been recovered and that production capacity at its targeted plants would be fully restored by the end of the month. “Where would you find a company in this whole […]

Trump: It looks like Iran hit Saudis, no military option yet

6:24 am September 17, 2019

Washington: President Donald Trump declared Monday it “looks” like Iran was behind the explosive attack on Saudi Arabian oil facilities. But he stressed that military retaliation was not yet on the table in response to the strike against a key US Mideast ally. Oil prices soared worldwide amid the damage in Saudi Arabia and fresh […]

Iran diplomat warns of ‘all-out war’ if hit for Saudi attack

Energy prices spike after Saudi oil attack as US blames Iran

9:16 pm September 16, 2019

DUBAI, United Arab Emirates: Global energy prices spiked Monday by a percentage unseen since the 1991 Gulf War after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, further fueling heightened tensions between Iran and the U.S. American officials released satellite images of the damage […]

US stocks open sharply lower amid pressure on oil market

Oil prices rocket on slashed Saudi output

8:37 pm September 16, 2019

London: Brent crude surged by 20 per cent Monday — the biggest gain since the 1991 Gulf War — after weekend drone attacks on two Saudi oil facilities halved output in the world’s top crude exporter, fuelling fresh geopolitical and growth fears. WTI oil meanwhile soared 15 percent, also after President Donald Trump warned that […]