Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Tag Archives: OIL
Fires reach fifth oil depot in Libya’s al-Sidra port
More storage tanks were ablaze Saturday at one of Libya’s main oil terminals after a rocket attack by Islamist militants, officials said as the U.N. denounced attacks on oil installations. The rocket was fired on Thursday by militiamen from Fajr
Islamist militants kill 19 soldiers in east Libya
At least 19 Libyan soldiers were killed in clashes with Islamist militia on Thursday east of the country, where an oil tank also caught fire in separate fighting, officials said. A military source said the soldiers were killed in attacks
Libya Islamists press advance on key oil region
Islamist fighters clashed with pro-government forces for the second consecutive day Sunday as they pressed an advance on a key oil region in eastern Libya, sources on both sides reported, according to Agence-France Presse. Libya Dawn (or Fajr Libya), an
Tunisia closes largest border point with Libya
Tunisia closed its largest border point with Libya at Ras Gdair on Sunday following heavy clashes between the forces of retired Libyan General Khalifa Haftar and the Dawn of Libya rebel forces. Earlier today, Haftar forces declared their control of
Egypt militant group ‘kills’ U.S. oil worker in Sinai
An Egyptian militant organization allied with the Islamic State group has claimed responsibility for the killing of an American oil worker. Ansar Bayt al-Maqdis, which now refers to itself as the Sinai Province, said on its official Twitter account late
Egypt spent $3 bln on fuel subsidies in the first quarter
Egypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 percent from the same quarter a year ago, an oil ministry official said on Monday. As part of efforts
Oil price drops under $92 to 27-month low
LONDON : Oil prices fell to their lowest level since June 2012, after price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data. Oil declined alongside European stocks as the European Central Bank
Oil swoons below $95 as gasoline expires, dollar weighs
World oil prices tumbled to their lowest in more than two years on Tuesday, with U.S. crude posting its biggest daily decline since 2012 as expiring October gasoline futures tumbled 4.5 percent and the U.S. dollar rose. New York RBOB
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