Oil soars 10% after attack on massive Saudi oil facilities
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom’s production in half and threatened to hamper shipments from the world’s largest crude exporter.
U.S. envoy tells U.N. Security Council indications Iran behind Saudi oil attacks
U.S. Ambassador to the United Nations Kelly Craft told the Security Council on Monday that emerging information on attacks on Saudi oil facilities “indicates that responsibility lies with Iran” and that there is no evidence the attack came from Yemen.
Factbox: The U.S. opioid epidemic in the courts
As opioid-related deaths have soared, thousands of lawsuits have been filed seeking damages from drugmakers and distributors. The following is a summary of where and how the opioid litigation is playing out across the United States:
Nordea says Danish agency demands repayment of $133 million in tax case
Danish tax agency has demanded Nordea repay 900 million Danish crowns ($133 million) in relation to a dividend tax refund case.
Exclusive: Lockheed names F-35 chief to run aeronautics as Evans undergoes medical treatment
Greg Ulmer, head of Lockheed Martin Corp’s F-35 fighter program, will temporarily lead the company’s aeronautics division while its current chief, Michele Evans, undergoes medical treatment, the company told employees on Monday.
Factbox: Impact of Saudi oil outage on crude, product markets
Attacks on Saudi Arabian oil facilities on Saturday shut down about 5.7 million barrels per day (bpd) of crude production, sending global oil prices soaring.
U.S. considers more intel sharing with Saudi Arabia after attack: sources
The United States is considering increasing its intelligence sharing with Saudi Arabia after Saturday’s attack on Saudi oil facilities, which halved the kingdom’s production and jolted world oil markets, U.S. officials told Reuters.
Wall Street slides after Saudi attacks; energy stocks surge
Wall Street slipped on Monday on global growth worries after the weekend attack on Saudi Arabian crude facilities knocked out 5% of the world’s supply, while a more than 10% jump in oil prices lifted beaten-down energy stocks.
Saudi-led coalition: Initial findings show Iran arms used in Saudi attack
The Saudi-led military coalition battling Yemen’s Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate from Yemen according to preliminary findings.
Saudi officials considering delaying IPO after drone attack: WSJ
Saudi Arabia officials are discussing delaying Aramco’s initial public offering as attacks on the company’s oil facilities have drastically reduced their output, the Wall Street Journal reported on Monday, citing people familiar with the matter.
