Yemen’s Iran-backed Houthi rebels fired a Quds-2 missile at Aramco’s North Jeddah plant, later confirmed by Saudi authorities.
Zeta moves towards beach resorts on Mexico's Caribbean coast, and is expected to sweep over with strong winds and heavy rain before heading towards oil-producing areas of the southern US.
Crude oil prices plunge over expectations for less demand during the pandemic just as more supply from Libya becomes available.
Khalifa Haftar said his militias would let oil production resume after an eight-month blockade and a senior politician in Tripoli said a committee would be formed to ensure fair distribution of revenues.
Is the move a manifestation of Saudi Arabia’s new-found penchant for nationalism, which could incur a US backlash for undermining the US shale oil industry?
Prices may decline more gradually after Saudi Arabia sent a signal that a production cut deal may be ahead, and the US has said it will put pressure on Saudi Arabia and its allies for such a deal.
Moscow says it's open to renewing cooperation with OPEC after oil giants and non-OPEC members failed to agree on production cuts leading to Saudi announcement it would increase oil output.
Publicly, the US backs the UN-backed government in Tripoli. It's time it starts showing that support.
Beijing seeks normalcy in war-affected Yemen to ensure its flagship Belt and Road Initiative has safe access to the Gulf of Aden and Red Sea.
By establishing formal diplomatic relations with the Houthis, Iran complicates Riyadh’s attempts to reach a deal with the Yemeni rebel group.
Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed.
The first step towards hegemony over the Arab world was the snuffing out of the Arab Spring movements.
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