Yemen's Iran-aligned Houthi group on Saturday attacked two plants at the Abqaiq plant, the heart of Saudi Arabia's oil industry, in a strike that could impact about 5 million barrels per day of crude production - close to half of the kingdom's output or 5% of global oil supply.
Similar Stories to Instant View: Reactions To Attack On Saudi Oil Facilities on Bing News
Reuters: World News, Reuters: World
Sat, 09/14/2019 - 11:27am
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Based on the path published by Saudi officials, OPEC+ output would be more than 500,000 barrels a day higher by December than now, and about 1.8 million higher by mid-2025. That’s a lot of extra ...
06/2/2024 - 5:00 pm | View Link - How Saudi Aramco plans to win the oil endgame
That is because Aramco is the linchpin of the strategy of Muhammad bin Salman, Saudi Arabia’s crown prince and de facto ruler, to end his country’s reliance on oil, diversify its economy and ...
06/2/2024 - 5:48 am | View Link - Several injured in 'massive' drone attack on oil refinery in Russia's Krasnodar Krai
A drone attack set an oil depot ablaze in the Temryuk district of Russia's Krasnodar Oblast on the night of May 3, Russian propaganda media RIA-Novost claimed, citing local authorities.
05/30/2024 - 11:16 pm | View Link - Saudi Aramco: the oil colossus
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter ...
05/29/2024 - 11:01 pm | View Link - Saudi Arabia Eyes a Future Beyond Oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
05/28/2024 - 5:01 pm | View Link - More
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