Aramco showcases oil-attack recovery, though damage remains

2019-10-12 16:28

Saudi Aramco showed it has made significant progress in restoring damaged oil infrastructure to normal operation just a month after a devastating aerial attack halted production. But work remains to be done.

Saudi's crown prince warned oil prices could go 'unimaginably high' unless 'firm action' is taken on Iran

2019-10-02 11:46

"Only a fool would attack 5% of global supplies," he told CBS. "The only strategic goal is to prove that they are stupid and that is what they did."

Despite Saudi turmoil, new oil shock unlikely

2019-09-22 17:15

The past week's sudden surge in oil prices brought to mind the nightmare of shortages, but it's not too likely motorists will be queueing to fill up around the world, analysts say.

The oil tycoon that got R29bn richer in a day

2019-09-19 18:19

Billionaire oil baron Harold Hamm just had a very big day.

The US is building a case against Iran in the attacks on Saudi Arabia, but Trump is in no rush to act

2019-09-18 08:20

The US is publicly and in leaks to the press making the case that Iran struck Saudi oil sites, but it remains unclear what the next step will be.

Saudi Arabia says Iranian weapons were used in attacks on oil plants and that the attacks did not originate in Yemen

2019-09-17 11:19

Iran-backed Houthi rebels in Yemen claimed responsibility for the attack, but the US and Saudi Arabia are disputing that.

The devastating attack on Saudi oil plants confirms the 'worst fears' about low-tech drones in the wrong hands

2019-09-17 08:16

"This attack confirms some of the worst fears among militaries and law enforcement as to just how much damage one can do," an expert told Insider.

The attack on Saudi oil supplies threatens what could be the world's biggest IPO. Here's what we know about Saudi Aramco.

2019-09-16 13:43

"The attacks came at a sensitive time for Aramco. The company could see its IPO valuation pulled lower as it prepares to go public," says on analyst.

SA was on track for a petrol price cut – then kamikaze drones struck Saudi oil plants

2019-09-16 11:10

Based on current data, the 95 octane petrol price was due for an 11% cut.

Explainer: How Nigeria got hit with a $9.6bn judgment debt in London

2019-09-15 13:13

Nigeria has received a legal hiding after a UK court awarded a private company a $9.6bn judgment debt against the West African nation.

 

WATCH: Saudi crown prince warns of soaring oil prices

2019-10-04 19:43

Saudi Arabia's crown prince warns in a 60 Minutes interview that oil prices could spike over tensions with Iran, and denies involvement in the killing of journalist Jamal Khashoggi nearly one year ago.

The US and Saudi Arabia are searching for a 'smoking gun' among wrecked weapons that will conclusively link Iran to the attacks on Saudi oil sites

2019-09-23 06:53

The US and Saudi Arabia are looking for evidence proving Iranian culpability as the two countries weigh their responses to the debilitating attacks.

Saudi Arabia reiterates vow to recover production by end of September

2019-09-21 15:09

'We will continue to fulfill our mission of providing the energy the world needs,” Aramco's head told employees.

Saudi officials knew they were 'exposed' to drone attacks months ago but they weren't able to do anything to stop it

2019-09-18 11:14

Drones have been used in attacks on Saudi airports, water facilities, and oil pipelines this year. Leaders knew their country was vulnerable.

Trump boasts the US is 'very high on ammunition' while discussing prospect of war with Iran after Saudi oil field attacks

2019-09-17 18:16

Trump said it's "looking" as though Iran is responsible for the Saudi oil field attack but said he doesn't "want war with anybody."

Iran could take advantage of Trump's wishy-washy response to the Saudi oil field attacks

2019-09-17 09:37

Whether he's offering peace or leveling threats, Trump's inconsistency on Iran gives US allies and Tehran myriad reasons to doubt his words.

Why the oil price shock couldn’t come at worse time for the world's economy

2019-09-17 05:00

The record oil-price surge after a strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening downturn.

Attack that wiped out half of Saudi Arabia's oil production came from Iran, US official says

2019-09-16 08:02

A senior US official told Reuters the attack on two Saudi oil facilities appears to have come from the direction of Iran, not the Yemeni Houthi group that claimed it.

Saudi stocks tumble as tensions surge after Aramco drone attacks

2019-09-15 10:56

Saudi Arabian stocks sank after drone strikes highlighted the vulnerability of the kingdom’s oil facilities to terror attacks.

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