U.S. weighing best response to Saudi oil attacks: Pence
U.S. Vice President Mike Pence said on Tuesday the United States was reviewing evidence that suggests Iran was behind the attacks on Saudi oil facilities and stands ready to defend its interests and allies in the Middle East.
Battered Saudi oil output to recover in two or three weeks: sources
Saudi Arabia sought to calm markets on Tuesday after an unprecedented attack on its oil facilities, with sources saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks.
Oil plummets 5% as Saudi output seen returning soon after attacks
Oil prices dropped nearly 5% on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom’s output.
Saudi’s Aramco allows employees to enter Abqaiq compound: Al Arabiya
Saudi Arabia’s state oil giant Aramco allowed employees to enter Abqaiq compound for the first time since the Saturday attack, State-owned Al Arabiya reported on Tuesday citing its own sources.
Wall Street subdued as focus shifts to Fed
U.S. stocks were modestly lower on Tuesday as investors moved to the sidelines ahead of the Federal Reserve’s two-day policy meeting, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded.
Benettons set to shake up Atlantia as bridge probe escalates
The Benetton family is set to replace the powerful head of Atlantia with an executive committee and co-opt a right-hand man to help steer the infrastructure group through fallout from a deadly bridge collapse, three sources said.
GM switches health insurance costs to union for striking workers; talks continue
General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.
Kraft Heinz slips as 3G Capital cuts stake
Shares of Kraft Heinz Co fell 4% on Tuesday after the packaged food maker’s second largest investor, 3G Capital, sold over 25 million shares in the open market at a discount.
Senators push for U.S. to expand mining for electric vehicle supply chain
U.S. senators voiced bipartisan support on Tuesday for the expansion of domestic mining and minerals recycling, part of a push to jumpstart the country’s electric vehicle supply chain and offset China’s rising dominance in the fast-growing space.
Saudi oil output to recover in two or three weeks after attack: sources
Saudi Arabia sought to calm markets on Tuesday after an attack on its oil facilities, with sources in the kingdom saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks.
