Factbox: U.S. prepared to tap emergency oil reserves, Perry says no decision yet
U.S. Energy Secretary Rick Perry said on Monday it was too soon to say whether the United States would tap emergency oil reserves after attacks in Saudi Arabia halved the crude output in the world’s largest oil exporter.
Wall Street drops after Saudi attacks, energy stocks spike
Energy stocks spiked while most of Wall Street fell on Monday after weekend attacks on Saudi Arabia’s oil facilities added to investors’ concerns about geopolitical risk and a stumbling global economy.
Attack on Saudi Arabia ‘unprecedented’: U.S. defense secretary
U.S. Defense Secretary Mark Esper said on Monday the recent attack on Saudi Arabian oil facilities was “unprecedented” and the United States, along with its allies, was working to defend the “international rules-based order that is being undermined by …
Bahrain’s Bapco refinery says operations continue after Saudi pipeline cutoff
Bahrain’s national oil and gas authority said on Monday that facilities at Bapco refinery were continuing without impact on the provision of oil derivatives in the local market, state news agency BNA reported.
Oil rallies after attack on Saudi facilities, stocks slip
Oil prices jumped on Monday after attacks on crude facilities in Saudi Arabia sliced the kingdom’s production in half and sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stock markets as investors rea…
Don’t expect oil shocks to move the Fed
The weekend bombings of Saudi Arabia’s main oil refinery have already sparked U.S. President Donald Trump to pressure the Federal Reserve anew to lower rates.
Airbus sees no major 2019 impact from possible U.S. tariffs
Possible U.S. tariffs against Airbus aircraft and European parts are unlikely to have a major impact on the European planemaker’s 2019 results, but disruption cannot be ruled out, its chief executive said.
Senior U.S. senator: Saudi attack shows Iran seeks to ‘sow instability’
Senator Jim Risch, the Republican chairman of the U.S. Senate Foreign Relations Committee, slammed Iran’s government on Monday after Saturday’s attack on Saudi oil facilities, saying it underscored “Iran’s effort to sow instability throughout the Middl…
Putin proposes Russian weapons for Saudi Arabia after oil industry attacks
Russia is ready to help Saudi Arabia following attacks on the Saudi oil industry if needed, Russian President Vladimir Putin said after talks with leaders of Turkey and Iran in Ankara on Monday, and proposed Russian weapons for purchase.
Iran’s Rouhani says Aramco attacks were a reciprocal response by Yemen
An attack on Saudi Arabia’s Aramco oil facilities was a reciprocal measure by “Yemeni people” to assaults on this country, said Iranian President Hassan Rouhani on Monday, hours after a Saudi-led coalition said the attacks were carried out with Irania…
