Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.
Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.
Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world's largest oil production facility, people with knowledge of the kingdom's operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.
Donald Trump said on Saturday that Chris Wright, an oil and gas industry executive and a...
Israel is preparing to put boots on the ground with an invasion of Lebanon, its army...
Exxon Mobil Chair and CEO Darren Woods urged the incoming Trump administration to avoid making turbulent...
The United Nations General Assembly adopted a global pact on Sunday that included explicit calls to...
