Oil prices fall as Saudi Arabia offers more crude after pipeline attack
Additional Saudi supply announcements ease concerns over disruptions to kingdom's exports.
Oil prices declined after Saudi Arabia reportedly offered increased crude supplies via the Strait of Hormuz, following a reported pipeline attack.
The additional supply announcements eased market concerns about potential disruptions to the kingdom's exports.
Sources
- Oil prices fall as Saudi Arabia reportedly offers more crude via Hormuz after pipeline attack — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Ukrhydroenergo expects €21M EIB tranche for hydropower plant repairs
Ukraine's state hydropower operator anticipates the first funding installment from the European Investment Bank to restore equipment and boost operational resilience.
Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Jordan, Bahrain Condemn Houthi Attacks on Saudi Arabia
The two nations reaffirm solidarity with Riyadh following reported drone interceptions and security alerts.
UN, GCC leaders condemn Houthi attacks on Saudi Arabia
UN Secretary-General Antonio Guterres and Gulf Cooperation Council chief Jasem Mohamed Albudaiwi said the attacks on civilian infrastructure threaten regional stability.
Iran Sets Terms for Peace as Saudi Forces Block Attack on Riyadh
Tehran's security chief has outlined conditions for ending conflict, including cessation of hostilities and removal of U.S. naval restrictions.
Yemen Says It Is Not an Iranian Bargaining Chip, Calls Ties With Saudi Arabia 'Firm'
Yemen's foreign minister says restoring state institutions is central to the country's security and to regional stability, including the safety of maritime routes.
Comments
Loading comments…