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An Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. Picture: AFP

Saudi oil attack

Fitch downgrades Saudi credit ratings over military tentions

By AFP

The agency said in a statement it had lowered Saudi Arabia's long-term foreign-currency issuer rating from A+ to A, with a stable outlook.

  • Picture: EWN.

    Petrol price predicted to increase after Saudi attacks

    The Automobile Association is warning that the price of petrol may rise again next week.

    1051 days ago
  • FILE: Saudi Crown Prince Mohammed bin Salman. Picture: AFP

    Saudi crown prince hosts Iraq PM for talks on oil attacks

    Saudi Crown Prince Mohammed bin Salman hosted Iraq's Prime Minister Adel Abdel Mahdi for talks on Wednesday focused on attacks on the kingdom's oil infrastructure, which Washington has blamed on Iran.

    1052 days ago
  • FILE: Iranian President Hassan Rouhani. Picture: AFP

    Rouhani says Iran resists sanctions, drives US 'desperate'

    The United States on Friday imposed another round of sanctions on Iran, including on its central bank which was already blacklisted.

    1055 days ago
  • FILE: Britain's Prime Minister Boris Johnson gives a speech outside 10 Downing Street in London on 24 July 2019 on the day he was formally appointed British prime minister. Picture: AFP

    UK believes Iran was behind Saudi oil attacks - Johnson

    The United States and Saudi Arabia have already blamed Iran for the 14 September strikes that initially halved Saudi oil output. Yemen’s Iran-aligned Houthi movement has claimed responsibility.

    1055 days ago
  • FILE: US Secretary of State Mike Pompeo holds a joint press conference with Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani (not pictured) at the Sheraton Grand in the Qatqri cqpitql Doha on 13 January 2019. Picture: AFP

    Pompeo says US mission is to avoid war with Iran but measures in place to deter

    Tensions between Washington and Tehran have further escalated after an attack last weekend on Saudi oil facilities that initially disrupted half of the oil production from the kingdom, the world’s largest oil exporter, and was blamed on Tehran by the United States and Saudi Arabia.

    1055 days ago
  • An Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. Picture: AFP

    Real crunch from Saudi Arabia's oil outage has yet to be felt

    While it carries out repairs, the world’s biggest oil exporter has promised to keep the physical crude market supplied from its inventories held in the kingdom and abroad, estimated to have been about 180 million barrels in July.

    1058 days ago
  • FILE: US President Donald Trump participates in a Cabinet meeting at the White House on 16 July 2019 in Washington,DC. Picture: AFP

    Trump sees many options short of war with Iran after attacks on Saudis

    Trump said on Twitter that he had ordered the US Treasury to “substantially increase sanctions” on Iran, which denies carrying out the attacks, and told reporters the unspecified, punitive economic measures would be unveiled within 48 hours.

    1059 days ago
  • Smoke billows from an Aramco oil facility in Abqaiq about 60km (37 miles) southwest of Dhahran in Saudi Arabia's eastern province on 14 September 2019. Drone attacks sparked fires at two Saudi Aramco oil facilities, the interior ministry said, in the latest assault on the state-owned energy giant as it prepares for a much-anticipated stock listing. Picture: AFP

    Saudi to announce oil attacks findings as US weighs retaliation

    Riyadh, which is bogged down in a five-year war against Tehran-aligned rebels in neighbouring Yemen, has said that the weapons used were Iranian-made, but has not directly blamed its arch rival.

    1060 days ago
  • FILE: US secretary of State Mike Pompeo. Picture: AFP

    Pompeo heads to Saudi Arabia after US blames Iran

    Vice President Mike Pence announced that Pompeo was on his way to the kingdom to 'discuss our response.'

    1060 days ago
  • French President Emmanuel Macron. Picture: @EmmanuelMacron/Twitter.

    French President Macron calls Saudi crown prince on Aramco attacks - press

    The French president stressed that it is necessary for the world not to show weakness toward these attacks.

    1060 days ago
  • An Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. Picture: AFP

    Oil steps back on Saudi supply reassurance, focus shifts to Fed

    MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.13 % while Japan’s Nikkei was flat.

    1060 days ago
  • FILE: US President Donald Trump participates in a Cabinet meeting at the White House on 16 July 2019 in Washington, DC. Picture: AFP.

    US singles out Iran, readies response to Saudi oil attacks

    Trump said he was ready to help key ally Saudi Arabia after the weekend drone attacks, which triggered a record leap in global oil prices, but would await a 'definitive' determination on who was responsible.

    1061 days ago
  • Barrels of crude oil. Picture: Freeimages

    Explainer: Attack on Saudi leaves world without spare oil capacity

    The attack on Saudi oil facilities on Saturday not only knocked out over half of the country’s production, it also removed almost all the spare capacity available to compensate for any major disruption in oil supplies worldwide.

    1062 days ago
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