Tag: Saudi Aramco
Burst of Attacks in Gulf Heightens Fears Over Fragile Energy Trade
Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the region’s exporters were getting more oil to the world market.
Global Oil Price Drops Below $100 a Barrel
Investors anticipated that a damaged Saudi Arabian pipeline may be close to reopening, allowing more oil from the region to reach world markets.
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.