Oil Tops $100 as Iran War Forces More Gulf Giants to Cut Output


More major energy infrastructure was threatened over the weekend, with Saudi Arabia intercepting and destroying drones heading to the 1-million barrel a day Shaybah oil field. Last week, the kingdom was forced to halt operations at the Ras Tanura refinery, the country’s biggest, and is seeking to divert barrels to its Red Sea ports for export after the Hormuz closure.



Source link

  • Related Posts

    Financial globalisation and the weakening of the regulatory cycle

    Editor’s note: This column is based on CEPR Discussion Paper No. 21419   “Has the Regulatory Cycle Weakened? Evidence from a Century of Financial Legislation“.  The Global Financial Crisis of…

    Trump cites national security to stop offshore wind development. Here’s what to know

    President Donald Trump’s administration has worked to stop offshore wind development on the grounds that it’s a national security risk since late last year. It halted work on major projects,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    San Francisco mayor pushes for tougher rules after the Waymo traffic fiasco

    San Francisco mayor pushes for tougher rules after the Waymo traffic fiasco

    2026 Open TV schedule: Complete viewing guide, streaming coverage details

    2026 Open TV schedule: Complete viewing guide, streaming coverage details

    More details emerge about Vancouver stranger assault suspect – BC

    More details emerge about Vancouver stranger assault suspect – BC

    Here’s what it’s like in Honolulu’s most exclusive airport lounge

    Here’s what it’s like in Honolulu’s most exclusive airport lounge

    Financial globalisation and the weakening of the regulatory cycle

    Trump cites national security to stop offshore wind development. Here’s what to know

    Trump cites national security to stop offshore wind development. Here’s what to know