DUBAI, United Arab Emirates — An attack by Yemen’s Houthi rebels targeted a tanker in the Red Sea early March 15 but the ship’s crew was unharmed, authorities said.
Author: Jon Gambrell
Aramco Announces $121 Billion Profit Last Year
DUBAI, United Arab Emirates — Saudi oil giant Aramco on March 10 reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices.
Suspected Houthi Rebel Attack Hits a Ship in Gulf of Aden
DUBAI, United Arab Emirates — A suspected attack by Yemen’s Houthi rebels damaged a ship in the Gulf of Aden and sent the crew fleeing for their lives on March 6, authorities said.
Three Red Sea Underwater Data Cables Have Been Cut
DUBAI, United Arab Emirates — Three Red Sea cables providing internet and telecommunications around the world have been cut as the waterway remains a target of Yemen’s Houthi rebels.
Saudi Arabia, Russia Plan to Extend Oil Cut Through Year-End
DUBAI, United Arab Emirates — Saudi Arabia and Russia agreed Sept. 5 to extend their voluntary oil production cuts through the end of this year.
Saudis Say US Sought One-Month Delay of OPEC+ Production Cuts
DUBAI, United Arab Emirates — Saudi Arabia said Oct. 13 that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month.
‘External Source’ Causes Oil Tanker Blast Off Saudi Arabia
DUBAI, United Arab Emirates — An oil tanker off Saudi Arabia’s port city of Jiddah suffered an explosion early Dec. 14 after being hit by “an external source,” a shipping company said.
Mexico Strikes Deal With US, Paving Way for OPEC Output Cuts
Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries.
Saudi Arabia Increases Oil Output to Record High
DUBAI, United Arab Emirates — Saudi Arabia’s state-run oil giant Saudi Aramco said March 10 it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
Report: Saudi Aramco Shares to Start Trading in December
RIYADH, Saudi Arabia — The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Oct. 29 as the kingdom’s marquee investment forum got underway.