Business News United Arab Emirates

  • *Yemen group says attacks Aramco plants in Abqaiq and Khurais. *U.S. blames Iran for Saudi attacks,' pretend' diplomacy. RIYADH/ DUBAI/ LONDON, Sept 14- Yemen's Iran- aligned Houthi group said it attacked two plants at the heart of Saudi Arabia's oil industry on Saturday, knocking out more than half the Kingdom's output, in a move expected to send oil prices soaring and...

  • *Yemen group says attacks Aramco plants in Abqaiq and Khurais. *Saudi-led coalition strikes Houthi stronghold in Yemen. RIYADH/ DUBAI/ LONDON, Sept 14- Yemen's Iran- aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia's oil industry, including the world's biggest petroleum processing facility, in a strike that three sources said had...

  • *Yemen group says attacks Aramco plants in Abqaiq and Khurais. *Saudi-led coalition strikes Houthi stronghold in Yemen. RIYADH/ DUBAI/ LONDON, Sept 14- Yemen's Iran- aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia's oil industry, including the world's biggest petroleum processing facility, in a strike that three sources said had...

  • *Yemen group says attacks Aramco plants in Abqaiq and Khurais. *Saudi-led coalition strikes Houthi stronghold in Yemen. RIYADH, Sept 14- Yemen's Iran- aligned Houthi group on Saturday attacked two Saudi Aramco plants at the heart of the kingdom's oil industry, including the world's biggest petroleum processing facility, sparking fires in the latest violent...

  • RIYADH, Sept 14- Yemen's Iran- aligned Houthi group on Saturday attacked two Saudi Aramco plants, including the world's biggest oil processing facility, sparking fires in the latest flare up of violence in the Gulf. Saudi Arabia, leading a Sunni Muslim military coalition that intervened in Yemen in 2015 against the Houthis, has blamed regional rival Shi'ite Iran...

  • Abqaiq, 60 km southwest of Dhahran in Saudi Arabia's Eastern Province, contains the world's largest oil processing plant. Tensions are running high in the region after attacks in June and July on oil tankers in Gulf waters that Riyadh and Washington blamed on Iran. Iran- aligned Houthi fighters in Yemen have also launched attacks over the border, hitting Shaybah...

  • The headquarters of Saudi Aramco in Riyadh, Saudi Arabia.

    Drone attacks targeted a major Saudi Aramco processing facility and oilfield in eastern Saudi Arabia Saturday, the Interior Ministry said, sparking a huge fire at one of the sites before dawn.

  • TOKYO, Sept 13- Oil futures fell on Friday as optimism over an end to the U.S.- China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Gloom over the dispute between Washington and Beijing left investors shrugging off a commitment from Organization of the Petroleum Exporting Countries producers to trim output, with more signs...

  • TOKYO, Sept 13- Oil futures fell on Friday as optimism over an end to the U.S.- China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Gloom over the dispute between Washington and Beijing left investors shrugging off a commitment from Organization of the Petroleum Exporting Countries producers to trim output, with more signs...

  • ABU DHABI, Sept 12- OPEC is notorious for arguing over production policies- but Prince Abdulaziz bin Salman has effectively managed to deliver his first output cut just four days after becoming the new Saudi energy minister. Prince Abdulaziz said first and foremost he was keen to rebuild trust with oil neighbours Kuwait, the United Arab Emirates, Oman and other...

  • *OPEC cuts oil demand forecasts, following EIA. *Trump discussed easing Iran sanctions- report. Market participants cited a report from Bloomberg that Trump discussed easing sanctions on Iran to help secure a meeting with Iranian President Hassan Rouhani later this month.

  • SINGAPORE, Sept 11- Oil executives and traders attending major industry gatherings in Singapore and Abu Dhabi this week have flagged deteriorating demand growth in key markets such as China and India for downbeat expectations on crude oil heading into 2020.. Disappointing data releases across key economies, including historically weak car sales in China...

  • DUBAI, Sept 11- Iran's envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at sea to a private company, denying Tehran had broken assurances it had given over the vessel, but he insisted EU's Syria sanctions did not apply to Tehran. Britain said on Tuesday Iran had sold the oil cargo of tanker Adrian Darya 1 to Syria, breaking assurances it...

  • ABU DHABI, Sept 11- OPEC and its allies will discuss whether there is a need for deeper cuts in oil production at a ministerial meeting on Thursday, Iraq's oil minister said. The Organization of the Petroleum Exporting Countries and allied producers led by Russia, a grouping known as OPEC+, agreed last year to cut global crude supply to support prices and balance the...

  • SINGAPORE, Sept 11- Oil executives and traders attending major industry gatherings in Singapore and Abu Dhabi this week have flagged deteriorating demand growth in key markets such as China and India for the rise of downbeat expectations for crude oil heading into 2020.. A raft of disappointing data releases across key economies, including historically...

  • NEW YORK, Sept 10- Oil prices edged lower on Tuesday after U.S. President Donald Trump fired national security adviser John Bolton, the chief architect of Trump's strident stance against Iran, raising speculation of a return of Iranian crude exports to the market. Saudi Arabia's new energy minister's assurances of continued output cuts by the Organization of...

  • Dan Brouillette, deputy secretary of the U.S. Department of Energy, told Reuters in an interview that Iranian oil shipments will be monitored and Washington will consider "designating" or blacklisting any identified party who violates the sanctions. The United States reimposed sanctions on OPEC member Iran last year after pulling out of a 2015 nuclear accord...

  • NEW YORK, Sept 10- Oil futures climbed to the highest in almost six weeks on Tuesday on expectations the Organization of the Petroleum Exporting Countries and its allies will agree to extend crude output cuts to support prices. Prince Abdulaziz bin Salman, Saudi Arabia's new energy minister and a longtime member of the Saudi delegation to OPEC, said the...

  • *Aramco ready for listing outside Saudi Arabia- CEO. *Saudi Arabia will be primary listing, CEO says. Aramco's initial public offering would happen "very soon," Amin Nasser cited Saudi Arabia's new energy minister Prince Abdulaziz bin Salman as saying, adding that the final decision on the venue and timing rested with the government.

  • *Aramco ready for listing outside Saudi Arabia- CEO. *Saudi Arabia will be primary listing, CEO says. Saudi Arabia, which has long planned an international IPO of Aramco, now plans a gradual listing of the world's top oil producing company on its home market, sources familiar with the matter said on Monday.