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Russia & Iran to switch to SWIFT-free banking system

14 hours ago DieselGasoil Comments Off on Russia & Iran to switch to SWIFT-free banking system
Russia and Iran will transfer payments using an alternative system to the internationally recognized SWIFT money transfer network, the governor of the Iranian central bank, Abdolnaser Hemmati, announced. Instead of SWIFT, a system that facilitates cross-border payments between 11,000 financial institutions in more than 200 countries worldwide, the two countries will use their own domestically Read More

UAE official: Saudi Aramco attacks are a dangerous escalation

23 hours ago DieselGasoil Comments Off on UAE official: Saudi Aramco attacks are a dangerous escalation
FILE PHOTO: UAE Minister of State for Foreign Affairs Anwar Gargash is seen during preparatory meeting for the GCC, Arab and Islamic summits in Jeddah, Saudi Arabia, May 29, 2019. REUTERS/Waleed Ali DUBAI (Reuters) – Attacks on oil plants in Saudi Arabia are a dangerous escalation and the international community should stand by Riyadh and Read More

UAE minister says international community should stand by Saudi Arabia after attacks

1 day ago DieselGasoil Comments Off on UAE minister says international community should stand by Saudi Arabia after attacks
FILE PHOTO: UAE Minister of State for Foreign Affairs Anwar Gargash is seen during preparatory meeting for the GCC, Arab and Islamic summits in Jeddah, Saudi Arabia, May 29, 2019. REUTERS/Waleed Ali DUBAI (Reuters) – The attack on Saudi Arabia is a dangerous escalation and the international community should stand by the Gulf country and Read More

Saudi Arabia says Iranian weapons were used to attack oil facilities

2 days ago DieselGasoil Comments Off on Saudi Arabia says Iranian weapons were used to attack oil facilities
By Vivian Nereim, Abbas Al Lawati and Bill Faries on 9/16/2019 RIYADH (Bloomberg) – Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled Read More

Prematurely assigning blame for attack on Saudi oil facilities is irresponsible, says China

2 days ago DieselGasoil Comments Off on Prematurely assigning blame for attack on Saudi oil facilities is irresponsible, says China
Beijing has warned that it would be irresponsible to guess who is the culprit behind the attacks on Saudi Arabia’s oil facilities without conducting a proper investigation. The US had immediately blamed Iran for the operation. Chinese Foreign Ministry spokeswoman Hua Chunying urged against jumping to conclusions over the attack, which hit the world’s biggest Read More

Oil jumps the most ever after attack cuts Saudi supplies

2 days ago DieselGasoil Comments Off on Oil jumps the most ever after attack cuts Saudi supplies
By Serene Cheong and Tina Davis on 9/15/2019 SINGAPORE (Bloomberg) – Brent crude surged the most on record after a drone strike on a Saudi Arabian oil facility removed about 5% of global supplies. The benchmark oil futures jumped as much as $11.73/bbl to $71.95 as the market opened Monday in Asia, the biggest advance Read More

Trump faces tough choices after blaming Iran for Saudi oil attack

2 days ago DieselGasoil Comments Off on Trump faces tough choices after blaming Iran for Saudi oil attack
By Jordan Fabian, Nick Wadhams, David Wainer and Glen Carey on 9/15/2019 WASHINGTON (Bloomberg) – The Trump administration sought to offer new evidence to back its claim that Iran conducted the attack on major Saudi Arabian oil facilities, saying the munitions used in the strikes were well beyond the capabilities of the Houthi rebels who Read More

40 Taliban members killed by US-backed forces

3 days ago DieselGasoil Comments Off on 40 Taliban members killed by US-backed forces
By Sanya Burgess, news reporter Two senior Taliban leaders and at least 38 fighters have been killed by US-backed Afghan forces. The strikes were carried out in northern and western regions of Afghanistan on Saturday night. A senior security official in the capital Kabul said the attack was intended to foil action planned by the Read More

Saudis race to restore oil output after Aramco attacks

3 days ago DieselGasoil Comments Off on Saudis race to restore oil output after Aramco attacks
By Nayla Razzouk and Javier Blas on 9/15/2019 DUBAI (Bloomberg) – Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran. Saudi Aramco’s Abqaiq crude production facility Read More

‘Maximum lies’: Iran rejects US’ claim it attacked Saudi oil facilities, warns it’s ready for war

3 days ago DieselGasoil Comments Off on ‘Maximum lies’: Iran rejects US’ claim it attacked Saudi oil facilities, warns it’s ready for war
Iran has rebuffed US accusations of launching a drone attacks that cut Saudi Arabia’s oil output in half. A senior Islamic Revolutionary Guard Corps commander, meanwhile, has warned Washington that Tehran is ready for war. Allegations that Iran was behind the drone attacks on Saudi oil facilities are “unsubstantiated” and false, Foreign Ministry spokesperson Seyyed Read More