Rising tensions in the Gulf region aren’t stopping foreign investors from supporting Saudi Arabian stocks, just four years after funds from abroad were first allowed to trade directly in Riyadh.
Washington's view was not shared by other council members, who noted that there was no clear evidence to link Iran to the attacks.
Global stock markets are kicking off a new week with another bout of selling taking hold amid a ramp-up in trade war fears, a senior market analyst says.
King Salman says the attacks on Saudi oil pumping stations not only threatens the security of the kingdom and the Gulf, but also maritime safety and global oil supplies.
Oil is headed for its first monthly loss this year after a shattering of the trade truce between the US and China.
Oil limped to its worst weekly loss of the year as tensions lingered over how the trade feud between the world’s top economic superpowers will hit demand.
Any economic miracle has yet to materialise, with only uncertain clues pointing to possible oil or gas deposits.
Al-Falih says OPEC will be able to reach the best decision on output when they will have more data in their next meeting in June.
The evacuation came just days after the United States withdrew non-essential staff from its embassy in Baghdad.
Saudi Arabia will do what they can to avoid war, but is ready to respond if Iran decides on conflict.
OPEC's agreed share of the cuts is 800,000 bpd, but its actual reduction is far larger due to the production losses in Iran and Venezuela.
US staff from the American embassy in Baghdad and Iraq were evacuated following concerns of perceived threats from Iran.
Russia will join the OPEC+ talks this weekend having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase.
LONDON: Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by...
Oil prices may have risen as US increased its tariffs on China's goods and services but will likely fall over the week.
Zanganeh says Opec is in danger by the unilateralism of some members and the organisation faces the risk of collapse.
Starved of OPEC supplies, American refiners in February processed the least-dense crude in data going back to 1985.
President Donald Trump and Japan's premier Shinzo Abe are desiring for Iran to seek a more peaceful course forward over its oil exports.
Russia is ready to meet demands of partners all around the world but will respect an agreement made with OPEC which is in force until July.
The shipment of close to 600,000 barrels of West Texas Intermediate (WTI) Midland crude was loaded onto the Aframax tanker China Dawn.
It is said that LNG supplies are expected to grow by a 40 million tonnes record.
Oil had already climbed almost 40% this year as Opec nations reduced production.
The minister also stated that Indian refiners are ready to meet national demand.
Iraq, Opec's second-largest producer, has the capacity to increase its crude oil exports.