Oil soars the most ever after attack cuts Saudi supplies
By Bloomberg
16 September 2019 |
10:58 am
Brent crude surged the most on record after a drone strike on a Saudi Arabian oil facility removed about 5% of global supplies. 10 unmanned aerial vehicles struck the world’s biggest crude-processing facility in Abqaiq and the kingdom’s second-biggest oil field in Khurais on Saturday. Riad Hamade reports on "Bloomberg Daybreak: Australia."
In this article
Related
Related
21 Jun
Following the removal of the fuel subsidy on May 29 by President Bola Tinubu. Prices of goods and services have largely increased with several businesses struggling to keep the door open. GuardianTV stepped out today to check in with Nigerians to see if they've gotten used to the new normal and this was what they had to say.
2 Jul
Less than a week after the Wagner Group's attempted coup, uncertainty reigns in Russia. Opponents of Vladimir Putin are considering other threats to his leadership, including the economy. The oil price is a major hitch.
7 Jul
In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European space rocket Ariane 5 gears up for its final lift-off and Singaporean bank UOB makes a winning bet on Taylor Swift fans.
6 Jul
Fresh figures have shown the extent of the European Union's efforts to reduce its energy dependency on Russia, with Moscow accounting for just 3 percent of the bloc's oil imports in the first quarter of this year, compared to 26 percent during the same period in 2022. The EU has also moved away from Russian natural gas, relying more heavily on Norway, the UK and Algeria. This comes as the decline in Moscow's export revenues weakens its currency.
11 Jul
Following the receipt of credible intelligence, a Private Security Contractor engaged by NNPC Ltd., Messrs. Tantita Security Services, intercepted a suspicious Vessel with a Cargo of Crude oil on board on July 7, 2023.
26 Jul
Angola is rich in crude oil but has to import the fuel it needs. A new refinery could change that.
27 Jul
The UN says it has begun an operation to pump 1 million barrels of oil from a rusting supertanker off Yemen's coast, hoping to avoid an environmental disaster that could devastate local ecosystems and major ports.
13 Aug
The UN said over 1 million barrels of oil have been removed from the tanker, off Yemen's Red Sea coast. For years, the UN and other organizations had sounded the alarm over the dangers surrounding the corroding vessel.
19 Aug
Youth plaintiffs have won a rare victory against a US state government for promoting climate-killing fossil fuels. A tsunami of climate-related lawsuits are set to follow.
16 Aug
Find these stories and much more when you grab a copy of The Guardian on Thursday.
23 Aug
Ecuadorians have said 'no' to oil extraction in a portion of the Amazon, one of the world's most biodiverse regions, in a referendum hailed as a historic example of climate democracy.
2 Sep
Find these stories and much more when you grab a copy of The Guardian on Saturday.
Latest
46 mins ago
The vehicle, which was carrying tourists plunged from an overpass in northern Italy. At least 21 people had been killed with more injured or unaccounted for.
1 hour ago
In view of the large number of asylum seekers coming to Germany and the pressure authorities face caring for them, positions on migration policy are changing. Denmark's tough approach is seen as model — at first glance.
1 hour ago
The Netherlands has announced the closure of the Groningen gas field, where extraction has been blamed for earthquakes that have severely damaged homes and other nearby buildings. Also in this edition: the UK awards its top defence firm a £4 billion contract to build nuclear submarines, and Chinese craft brewers celebrate the lifting of tariffs on Australian barley.
2 hours ago
From Thailand to Mallorca, local ecosystems have suffered under the weight of mass tourism. Can visitor number limits and sustainable practices help restore the balance?
2 hours ago
Madrid is hosting a conference with climate leaders before COP28 in Dubai, as the European Union races to firm up a plan to cut harmful emissions.
3 hours ago
France declares war on bedbugs—and so far the bedbugs are winning. Paris is at war with bedbugs. A rash of bedbug sightings across France is causing paranoia among travelers and becoming a sore spot for the government as Paris prepares to host the Olympics next year.