Oil falls more than $1 as Middle East supply fears ease


LONDON - Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.


Planes of Saudi-led alliance hit Yemen capital, Houthi heartland 9:45am GMT

SANAA - Warplanes hit Yemen's Houthi-controlled capital and the Shi'ite Muslim group's northern heartland on Friday, the second day of a Saudi-led campaign to stop the militia establishing its rule across the country. | Video

Pakistan says hasn't promised to join Saudi coalition in Yemen 9:45am GMT

ISLAMABAD - Pakistan has made no decision on whether to give military support to a Saudi-led coalition intervening in Yemen, Defence Minister Khawaja Asif said on Friday, while pledging to defend Saudi Arabia against any threat to its solidarity.

Saudi says gradually resumes flights at southern airports 9:17am GMT

ABU DHABI - Saudi Arabia said on Friday it had gradually resumed flights at its southern airports one day after suspending all traffic as it launched air strikes against Houthi fighters in Yemen.

Factbox - Saudi Arabia's coalition against Yemen's Houthis 9:14am GMT

DUBAI - Saudi Arabia and allies launched air strikes in Yemen on Thursday to stop the advance of the Iran-allied Houthi militia towards President Abd-Rabbu Mansour Hadi's southern refuge of Aden.

Yemen air strikes hit airfield in oil-producing Marib 8:15am GMT

CAIRO - Warplanes struck an air force base in the oil-producing Marib area of Yemen northeast of the capital Sanaa early on Friday, destroying a radar station only five kilometres (three miles) from the Safer oil field, residents said.

Warplanes strike Houthi-held Yemen capital Sanaa - residents 7:35am GMT

DUBAI - Warplanes struck near the presidential compound in the Houthi-controlled Yemeni capital of Sanaa around dawn on Friday, residents reported.

With Yemen strikes, Saudis show growing independence from U.S. 1:21am GMT

WASHINGTON - Saudi Arabia kept some key details of its military action in Yemen from Washington until the last moment, U.S. officials said, as the kingdom takes a more assertive regional role to compensate for perceived U.S. disengagement.


Oil leaps 5 percent, most in a month, on air strikes in Yemen 26 Mar 2015

NEW YORK - Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. | Video


Iraq oil minister sees $70 crude by end 2015 26 Mar 2015

BAGHDAD - Iraq's Oil Minister Adel Abdel Mehdi predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen on prices.