Search Results ///

Sort
Date Range

After talks of peace, Yemen rebels claim more Saudi Aramco attacks

(Bloomberg) --Yemen’s Houthis said they attacked several of Saudi Aramco’s facilities with drones and ballistic missiles on Friday, the latest in a spate of strikes on Saudi Arabia’s oil... the oil company and another 6 drones against targets in the city of Najran. Saudi Arabia’s state-run... to the report. Houthi attacks on Saudi Arabia rarely claim lives or cause extensive damage...

Houthi rebels attack Saudi Aramco sites for the second time in a week

(Bloomberg) - Saudi Arabia’s oil facilities were targeted with drones and missiles for the second... of Jazan. The Houthis launched missiles at a Saudi Aramco facility and other targets including a site... explosive-laded drones and 11 missiles. The state-run Saudi Press Agency said the kingdom’s military... office didn’t have an immediate comment. Attacks on Saudi cities and energy installations have increased...

Successful drone attack on Saudi Aramco in Riyadh claimed by Yemen rebels

(Bloomberg) - Yemen’s Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital... installations. Saudi Arabia’s state news agency said the attack took place at 6:05 a.m. local time... no casualties, it said, quoting an Energy Ministry spokesman. Houthi attacks on Saudi Arabia rarely... used in Yemen’s latest Aramco attack, says Saudi Arabia Yahya Saree, the spokesman for the Houthi armed...

U.S. imports no Saudi crude for the first time since 1985

(Bloomberg) --The U.S. didn’t import any Saudi crude last week for the first time in 35 years... from Saudi Arabia take about six weeks to reach import terminals on either the west or Gulf coasts... history of monthly figures shows this is the first time there were no Saudi imports since September 1985.... For Saudi Arabia, cutting shipments to the U.S. is the quickest way to telegraph to the wider market...

Iranian missiles used in Yemen’s latest Aramco attack, says Saudi Arabia

(Bloomberg) - Missiles used in the attacks on Saudi Aramco facilities, for which Yemen’s Tehran-backed Houthi group has claimed responsibility, were made in Iran, a Saudi minister said. “All of the missiles and drones that came into Saudi are Iranian-manufactured or Iranian-supplied,” Adel Al... said earlier Friday they struck an Aramco refinery in the Saudi capital using six bomb-laden drones...

Yemen’s Houthis step up drone attacks with new Saudi Aramco strikes

(Bloomberg) --Yemen’s Houthis said they attacked oil facilities in Saudi Arabia, as the group steps up strikes on the kingdom. The Houthis attacked Saudi Aramco sites in the eastern oil terminal... morning, the group’s Al-Masirah TV reported. While attacks on Saudi cities and energy installations have... respond to a request for comment and the Saudi government has not commented. The Houthis also said...

Aramco and Saudi navy start exercises to thwart drone and missile attacks

(Bloomberg) --Saudi Arabia started naval exercises in the Persian Gulf to improve its ability..., the official Saudi Press Agency said. They will be conducted by the Royal Saudi Navy with participation from Saudi Aramco, the state oil company. This month alone, the Houthis, who are backed by Iran, have..., the Saudi capital. The Saudi government said the missiles used for the March 19 refinery attack were...

Yemen rebels rebuff Saudi Arabia’s latest cease-fire proposal

  (Bloomberg) --Saudi Arabia proposed on Monday a series of steps to end the years-long war... oil exporter. The Houthi offensive, including an assault on a major Saudi Aramco refinery..., ceasing sales of offensive weapons to Saudi Arabia, removing the Houthis’ terrorist designation... as a comprehensive cease-fire under United Nations supervision, the Saudi plan calls for depositing taxes...

Asian oil refiners target European crude as Saudi output falls

Saudi Arabia’s surprise decision to unilaterally cut output in February and March. Unipec, the trading... consignments. Saudi Arabia, the world’s top oil exporter, surprised global oil markets on Tuesday by announcing... since August. “It is down to the Saudi cut and the consequent rise in their February OSP to Asia... tighter supplies following the Saudi cuts. The shape of the Brent futures curve returned to backwardation...

Saudi Aramco lands multiple bids for $10 billion pipeline stake

that bid for a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar... said, asking not to be identified as the matter is private. Pension funds in Abu Dhabi and Saudi... up later in the process, the people said. Some prominent family-owned groups in Saudi Arabia are also..., almost all of which go to the Saudi government. That payout -- the biggest of any listed company...

Mohammed bin Salman unveils his plan for Saudi Arabia’s post-oil future

(Bloomberg) --Crown Prince Mohammed bin Salman unveiled his latest vision for Saudi Arabia’s... by the Saudi government, PIF and local and global investors over 10 years,” the prince told reporters in Al-Ula, referring to Saudi Arabia’s Public Investment Fund. The announcement on Sunday shows... rising sea levels and carbon emissions in a manner rare for a Saudi official. The city, he said...

Oil price settles near $70 as traders shrug off Saudi terminal attack

largest crude terminal in Saudi Arabia. Futures in London earlier surged above $71 a barrel... farm at Ras Tanura on Sunday was intercepted, Saudi Arabia said, and oil output appeared... will hurt demand and whittle away still-tight processing margins. Saudi Arabia has also boosted its official selling prices to buyers in the region for April. Mideast Tensions Saudi Arabia said...

Weak oil prices pushed Saudi export revenue down 25% in October

(Bloomberg) --Saudi Arabia’s export revenue fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices. Exports fell to 57.8 billion riyals ($15.4 billion) from 76.8 billion riyals in 2019, the General Authority for Statistics said in a statement... destination for Saudi shipments, followed by India and the United Arab Emirates ...

Saudi oil minister takes short-seller battle straight to Wall Street

(Bloomberg) --For the past year, Saudi Energy Minister Prince Abdulaziz bin Salman has fought... and Stanley Druckenmiller, and rising stars like Cathie Wood. The Saudi oil minister has battled... like hell.” While previous Saudi ministers have spoken in private with commodity hedge funds... ideas ran contrary to the interests of Saudi Arabia. In 2019, for example, investors debated...

Saudi’s oil cuts appear prophetic as market risks grow

LONDON (Bloomberg) --For Saudi Arabia, bad news in the oil market has rarely been... on Jan. 5. The 23 nations led by Saudi Arabia and Russia had been expected to add another monthly... to the depleted coffers of OPEC+ members, including Saudi Arabia, which needs prices far above... a barrel. With the additional Saudi curbs, oil inventories are on track to decline steadily...