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ATTACKS ON SAUDI OIL FACILITIES

REUTERSYemen's Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia's oil industry on Saturday, knocking out more than half the Kingdom's output, in a move expected to send oil prices soaring and increase tensions in the Middle East.

The attacks will cut the kingdom's output by 5.7 million barrels per day (bpd), according to a statement from state-run oil company Saudi Aramco, or more than 5% of global oil supply.

The pre-dawn strikes follow earlier cross-border attacks on Saudi…

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ATTACKS ON SAUDI OIL FACILITIES
2019, September, 11, 12:00:00
OIL PRICE: NEAR $63
Brent rose 40 cents, or 0.6%, to $62.78 a barrel , WTI were up 37 cents, or 0.6%, to $57.77 a barrel.
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 11, 11:50:00
ДИАЛОГ РОССИИ, САУДОВСКОЙ АРАВИИ
«Мы высоко ценим сложившийся диалог между Россией и Саудовской Аравией и уверены, что нужно продолжать наше взаимодействие. Мы нацелены на развитие двустороннего сотрудничества»
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 11, 11:40:00
OPEC OIL PRODUCTION UP 230 TBD
OPEC oil output averaged 29.71 million b/d in August, up 230,000 from July as production increases in Saudi Arabia, the UAE, Nigeria and Iraq offset declines in Venezuela and Libya,
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 10, 17:35:00
U.S., IRAN SANCTIONS FOREVER
The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be re-issued, a U.S. official said on Sunday.
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 6, 13:50:00
U.S. SHALE OIL CUTTING
Bankruptcy filings by U.S. energy producers through mid-August this year have nearly matched the total for the whole of 2018. A stock index of oil and gas producers hit an all-time low in August, a sign investors are expecting more trouble ahead.
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 6, 13:40:00
ARAMCO INVESTMENT TO CHINA
Saudi Aramco signed a Memorandum of Understanding (“MoU”) with China’s Zhejiang Free Trade Zone, in which the Zhoushan Government emphasized its support for incentivizing Saudi Aramco’s greater investment in Zhejiang’s future downstream growth.
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 3, 13:20:00
RUSSIA: FULL COMPLIANCE WITH OPEC +
Russia will fully comply with its obligations under the OPEC+ agreement in September
ATTACKS ON SAUDI OIL FACILITIES
2019, September, 3, 13:10:00
RUSSIA, SAUDI ARABIA PARTNERSHIP
“OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy,” said Elina Ribakova, deputy chief economist at the Institute of International Finance in Washington. “The Russians will continue doing just enough to engage with the Saudis on oil production.”
ATTACKS ON SAUDI OIL FACILITIES
2019, August, 28, 12:40:00
U.S., CHINA ESCALATION: $550 BLN
The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1, and raise the current 10% tariff on another $300 billion of Chinese imports to 15% on September 1,
ATTACKS ON SAUDI OIL FACILITIES
2019, August, 23, 11:05:00
U.S., UK, AUSTRALIA CAN CLOSE HORMUZ
Foremost among the areas to be patrolled is the Strait of Hormuz, between Oman and Iran, through which about one-fifth of the world’s seaborne crude flows out of the Gulf.
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