March 2022
Saudi Aramco storage petroleum facility hit in ‘sabotage attack’
Yemen’s Houthis said they have launched attacks on Saudi energy facilities and the Saudi-led coalition said oil giant Aramco’s petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks.
- Updated
- Aziz El Yaakoubi and Maha El Dahan
March 2021
Oil’s wild ride unlikely to end soon
The past year has proved a wild ride for the oil industry, with the price of “black gold” briefly dipping into negative territory, before rebounding to pre-pandemic levels.
- Karen Maley
March 2020
Everything goes wrong at once for distressed energy debt issuers
Oil companies just can't catch a break.
- Allison McNeely
October 2019
- Opinion
- Trump's White House
Democrats' impeachment decision a sideshow to the real showdown
The left has lost the ability to be serious about serious things, such as Iran's attack and how the US and its allies will respond.
- Hugh Hewitt
Aramco fully restores oil output as it recovers from attacks
The Saudi oil giant reached more than 9.9 million barrels a day of crude output on September 25, and is a "little bit" higher now.
- Anthony DiPaola and Manus Cranny
September 2019
Houthis claim capture of Saudi troops in Yemen
The Houthis' military spokesman said three 'enemy military brigades had fallen' in the attack.
- Maher Chmaytelli
Boris Johnson says it's time for a new nuclear deal with Iran
Donald Trump welcomed the initiative, which represents a breaking of ranks with European allies France and Germany.
- Robert Hutton and Gregory Viscusi
Iran says it's ready to release UK-flagged oil tanker
Iran seized the Stena Impero on July 19, shortly after the UK detained a vessel in Gibraltar that was allegedly carrying Iranian crude to Syria.
- Arsalan Shahla and Verity Ratcliffe
Iranian diplomat warns US of 'all-out war'
The move comes as Mike Pompeo discusses the prospect of retaliation for an attack on Saudi Arabian oil facilities which Washington has blamed on Tehran.
- Tuqa Khalid and Stephen Kalin
US says attack on Saudi oil site was an Iranian 'act of war'
US Secretary of State Mike Pompeo on Thursday (AEST) called the attack on Saudi Arabia's oil installations an "act of war" against the kingdom by Iran, as the Saudis displayed missile and drone wreckage.
- Aya Batrawy and Jon Gambrell
Saudi Arabia joins US-led maritime coalition after attack
Saudi Arabia said on Wednesday it had joined a US-led coalition to secure the Middle East's waterways amid threats from Iran after an attack targeting its crucial oil industry.
- Updated
- Aya Batrawy
- Opinion
- Donald Trump
Trump has his global crisis, and he is woefully unprepared
Predicting what the Trump administration will do is a fool's errand. What seems worth pointing out, however, is just how bad the US position looks on the Middle East chessboard, writes Daniel Drezner.
- Daniel Drezner
ASX snaps win streak; JB Hi-Fi leaps to a fresh record
ASX snaps a five-session run of gains; JB Hi-Fi trades as high as $34.54; Rural Funds hits back at Bucephalus attack; Jonathan Shapiro on private market risks.
- Vesna Poljak, Robert Guy, Sarah Turner, William McInnes and Elouise Fowler
Saudi Arabia says oil output will return to pre-attack levels in weeks
Saudi Aramco's Abqaiq processing plant has already restored 2 million barrels day that was lost due to the wave of attacks on the Saudi oil fields.
- Taylor Telford and Thomas Heath
Saudi output to recover within weeks: sources
A top official said the kingdom was close to restoring 70 per cent of the 5.7 million barrels per day lost in the weekend attacks.
Donald Trump is facing his first foreign policy crisis
Five steps for the White House to take if it wants neither war with Iran nor an oil price spike.
- Dennis Ross
- Analysis
- Analysis
Why the psyche has been altered in oil markets
Fixing the damage done by the attack on the Saudi oil processing plant may be the easy part. The hard part will be calming energy markets.
- Clifford Krauss
- Opinion
- Opinion
An oil price shock is the last thing the world economy needs
A jump in oil prices preceded every US recession since the 1970s - no wonder investors are worried about the weekend's attack on a key Saudi oil facility.
- Patrick Commins
- Opinion
- Opinion
The Saudi oil crisis, volatile leaders and the risk of escalation
Ever since Donald Trump’s election in 2016, nervous observers have wondered how the president would behave in a real foreign policy crisis. We are about to find out, writes Gideon Rachman.
- Gideon Rachman
ASX closes higher; Qantas faces $4b fuel bill says GS
Goldman Sachs evaluates Qantas' fuel expense; iSignthis escalates Ownership Matters dispute; Franklin Templeton on the Fed.
- Vesna Poljak, Robert Guy, William McInnes, Sarah Turner and Elouise Fowler