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Official says U.S. believes Saudi attacks came from southwest Iran

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WASHINGTON/DUBAI (Reuters) – The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, giving an assessment that further increases tension in the Middle East. Three officials, speaking to Reuters on condition of anonymity, said the attacks involved both cruise missiles Read More

U.S. official says Washington believes Saudi attacks came from southwest Iran

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WASHINGTON/DUBAI (Reuters) – The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday. Three officials, speaking to Reuters on condition of anonymity, said the attacks involved both cruise missiles and drones, indicating that it involved a higher degree of complexity Read More

Oil supply is back to what it was before the attack, but we don’t know yet who is responsible – Saudi energy minister

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Saudi Arabia’s energy minister said that its oil supplies had resumed and that its oil market would be “fully back online” by the end of September following attacks which Washington blames on Iran while Riyadh is still probing. Minister Prince Abdulaziz bin Salman told the media that oil production in October would reach 9.89 million Read More

U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

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FILE PHOTO: A dragonfly is seen on a Wall Street sign in New York September 18, 2008. REUTERS/Eric Thayer WASHINGTON (Reuters) – A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Read More

UK officials tell migrants in France: You are being lied to

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British immigration officials have warned migrants in northern France they are being lied to by people smugglers promising them a better life in the UK. Their intervention comes at a time when the number of migrant crossings has been increasing, partly because of camps being cleared. There was another clearance on Tuesday, when almost a Read More

Iran rules out talks as Trump blames Tehran for Saudi oil attack

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DUBAI/WASHINGTON (Reuters) – Iran’s supreme leader on Tuesday ruled out talks with Washington after President Donald Trump blamed Tehran for a crippling attack on Saudi Arabia’s oil facilities. Iran’s Supreme Leader Ayatollah Ali Khamenei gives a speech to a group of scholars and seminary students of religious sciences in Tehran, Iran September 17, 2019. Official Read More

Saudi Aramco attacks: What we know so far

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(Reuters) – An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. Smoke is seen following a fire at an Aramco Read More

Oil shock unites China with Asia rivals worried about supply

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By Iain Marlow, Dandan Li and Archana Chaudhary on 9/17/2019 HONG KONG (Bloomberg) – If anything could distract Asia’s top powers from sparring over disputed territory and crimes committed during World War II, it’s the need for cheap oil. Asia accounts for more than 70% of Saudi Arabia’s crude exports, with the four biggest economies Read More

API: U.S. supply, global efforts cushion global oil markets after weekend attack

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By Dr. Dean Foreman, Chief Economist, American Petroleum Institute on 9/17/2019 WASHINGTON – An attack on a Saudi Arabian oil processing facility over the weekend has knocked out a significant part of Saudi production, at least temporarily, shaking oil markets. The precise amount and duration of the outage remains uncertain, and there are still unknowns Read More

Trump says he does not want war after attack on Saudi oil facilities

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WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict. Iran has rejected U.S. charges Read More