Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia.
crude futures were at $61.67 per barrel at 12:40 London time, up 1.03% for the session.
The fire has since been contained, according to the State Press Agency . Al-Falih asserted that oil production was not interrupted. State oil company Saudi Aramco said that its oil and gas supplies to Europe have not been affected. "This act of terrorism and sabotage in addition to recent acts in the Arabian Gulf do not only target the Kingdom but also the security of world oil supplies and the global economy," the SPA described al-Falih as saying.The exchange, which joined the MSCI emerging markets index this year as part of the country's economic diversification agenda, dropped 2.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Factbox: Strait of Hormuz - the world's most important oil arterySaudi Arabia said on Monday that two Saudi oil tankers were among vessels target...
Read more »
Saudi Arabia says two Saudi oil tankers attacked near UAE watersSaudi Arabia’s Energy Minister Khalid al-Falih says two Saudi oil tankers attacked near UAE waters by Rania_ElGamal
Read more »
Saudi Arabia says 2 oil tankers damaged by sabotage attacksSaudi Arabia said Monday two of its oil tankers were sabotaged off the coast of the United Arab Emirates in attacks that caused 'significant damage' to the vessels, one of them as it was en route to pick up Saudi oil to take to the United States.
Read more »
Saudi Arabia says 2 oil tankers damaged by sabotage attacksThe U.S. has warned ships that 'Iran or its proxies' could be targeting vessels.
Read more »
Sabotage 'attack' damages two oil tankers, Saudi Arabia saysSaudi Arabia says two of its oil tankers were sabotaged off the coast of the United Arab Emirates in attacks that caused 'significant damage' to the vessels.
Read more »
Saudi Arabia Says Oil Tankers Damaged in 'Sabotage Attack' as Middle East Tensions RiseSaudi Arabia says oil tankers damaged in 'sabotage attack' as Middle East tensions rise
Read more »
The Latest: Saudi says 2 oil tankers damaged by sabotageDUBAI, United Arab Emirates (AP) — The Latest on alleged sabotage of ships off the coast of the United Arab Emirates (all times local): 7:30 a.m. Saudi Arabia's energy minister says...
Read more »
Saudi Arabia says tanker attack threatens world oil supply, Iran claims innocenceIran has claimed innocence as regional tensions rise between Washington, its allies and Tehran.
Read more »