Iranian leader says Saudi attacks were ‘warning’ from Yemenis September 18, 2019 Iran this morning denied any involvement in a series of attacks on Saudi Arabian oil infrastructure over the weekend as the Saudis prepare to reveal “material evidence” of Tehran’s role. Iranian President Hassan Rouhani said that the attacks had come as a “warning” from Houthi fighters in Yemen’s civil war, which he accused western countries [...]
Oil prices plunge as Saudi production could come back online sooner than expected September 17, 2019 Oil prices fell dramatically this afternoon as it was revealed that Saudi Arabia expects that it will have repaired all of its output in just weeks. Prices bounced yesterday as markets reacted to the news that a drone attack had taken out half of Saudi Arabia’s oil production. Read more: Saudi oil attack: How high [...]
Oil prices steady after Saudi attacks sparked record rise September 17, 2019 Oil prices steadied this morning after markets shouldered a massive shock yesterday when prices rocketed at their fastest rate ever. The price of Brent crude, the international standard, was more or less unchanged at $69 per barrel this morning. Read more: Saudi oil attack: How high could oil prices go after record-breaking rise? Yesterday’s shock [...]
US markets fall while oil prices rise after attacks on Saudi supply September 16, 2019 Wall Street fell this afternoon after the weekend’s attack on Saudi crude oil facilities knocked out five per cent of the world’s supply. The attack on the world’s biggest oil exporter boosted oil prices by as much as 20 per cent before they eased off, as US President Donald Trump gave the green light for [...]
Saudi oil attack: How high could oil prices go after record-breaking rise? September 16, 2019 Analysts are this morning coming to terms with the implications of an attack on two Saudi processing plants after they pushed up oil prices as much as 20 per cent. The price of Brent crude rose as high as $71.95 per barrel this morning, however its have since given back most of those gains, trading [...]
Energy giants’ stocks rise after oil prices soar on Saudi attack September 16, 2019 A major terrorist attack which wiped out half of Saudi oil production and sent oil prices soaring by record amounts has pushed up London’s energy companies this morning. BP and Shell led the FTSE 100 risers in early trading after an attack by Yemen’s Houthis knocked out half of Saudi Arabia’s supply, of 5 per [...]
Oil prices post record jump after attack on Saudi Arabia supplies September 16, 2019 Oil prices rocketed almost 20 per cent to more than $71 a barrel today after the US accused Iran of gutting half of Saudi Arabia’s oil production in a strike on two refineries over the weekend. Brent crude trimmed its record-breaking gains but its price still blew up 10.5 per cent to $66.56. World (WTI) [...]
Oil prices: Opec faces ‘daunting’ global surplus with prices to nosedive in 2020 September 12, 2019 The International Energy Agency has ramped up the pressure on oil-rich countries to cut production, after it warned international organisation Opec will have to tussle with a growing surplus that will decrease prices. Read more: Saudi Aramco Indian investment ‘among biggest ever’ In its monthly report, the IEA said the challenge of managing global oil [...]
Oil prices tumble on higher Opec output and slower Korean growth September 3, 2019 Oil prices tumbled today as more symptoms emerged showing the impact of US President Donald Trump’s trade war with China. Brent crude dropped as much as two per cent in the mid afternoon, and was selling for $57.45 per barrel at the time of writing. Read more: New York Times drops sponsorship of London oil [...]
Oil prices slump as China hit US with crude tariffs August 24, 2019 Oil prices took a hit on Friday after China threatened to impose tariffs on US crude oil imports for the first time. Prices tumbled by almost four per cent to a two-week low on a day the trade war escalated. Read more: Trump announces tariff hikes as US-China trade war escalates The ongoing tension has [...]