Edition:
United Kingdom

Rania El Gamal

Saudi Arabia says oil producers want to reduce inventories

19 May 2019

JEDDAH, Saudi Arabia Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his country would remain responsive to the needs of what he called a fragile market.

Saudi energy minister recommends driving down oil inventories, says supply plentiful

19 May 2019

JEDDAH, Saudi Arabia, May 19 Saudi Arabia's energy minister said on Sunday he recommended driving oil inventories down and that global oil supplies were plentiful.

Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if needed

18 May 2019

JEDDAH, Saudi Arabia Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market's needs.

EXCLUSIVE-Saudi's Falih says oil stocks still building, but OPEC to act if needed

18 May 2019

JEDDAH, Saudi Arabia, May 18 Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

UAE says it will show restraint after tanker attacks, Iran's behaviour a concern

15 May 2019

DUBAI The United Arab Emirates will show restraint after attacks on oil tankers off its coast and is committed to de-escalation during a "difficult situation" caused by Iranian behaviour in the region, a senior official said on Wednesday.

Saudi oil facilities attacked, U.S. sees threat in Iraq from Iran-backed forces

15 May 2019

RIYADH/DUBAI Saudi Arabia said armed drones struck two of its oil pumping stations on Tuesday, two days after the sabotage of oil tankers near the United Arab Emirates, and the U.S. military said it was braced for "possibly imminent threats to U.S. forces in Iraq" from Iran-backed forces. | Video

CORRECTED-WRAPUP 1-Saudi Arabia oil facilities attacked, U.S.-Iran tensions flare

14 May 2019

* Saudi Arabia says drones hit oil pumping stations near capital

Saudi oil tankers among those attacked off UAE amid Iran tensions

14 May 2019

DUBAI/LONDON Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the security of crude supplies amid tensions between the United States and Iran. | Video

UPDATE 5-Saudi Arabia says oil facilities outside Riyadh attacked

14 May 2019

* UAE probing vessel attacks, without naming suspects (Adds quote from Iraqi premier, paragraph 12)

Exclusive: Saudi Aramco bets on oil supply to Europe, trading expansion

14 May 2019

DUBAI Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said.

World News

Europeans vote, with EU future in balance

Europeans vote on Sunday in an election expected to further dent traditional pro-EU parties and bolster the nationalist fringe in the European Parliament, putting a potential brake on collective action in economic and foreign policy.