World News by Wild Rose

When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say there is enough oil available to meet current global needs, even as the higher prices cause political problems for US President Donald Trump and others. That’s because Saudi Arabia and other Gulf producers...

Saudi Arabia’s crude shipments in September jumped to the highest level since the start of the Iran war, after the kingdom quickly ramped up exports via the Strait of Hormuz following an attack on its key bypass pipeline.

Saudi Arabia’s nearly trillion-dollar wealth fund, one the world’s biggest sovereign investors, is considering increasing its allocation to fixed income assets and award a mandate to Pacific Investment Management Co.

EIL is seeking project consultancy and feasibility-study mandates for the planned infrastructure

Asian economies heavily dependent on imported energy are facing an even sharper squeeze after the shutdown of Saudi Arabia’s East-West pipeline removed a key escape route from the disruption in the Strait of Hormuz, deepening an energy shock that has already pushed crude oil above US$100 a barrel. Analysts said the loss of that bypass would hit Asian refiners first before feeding through to inflation, currencies and economic growth across the region. Saudi Arabia, the world’s largest oil...

Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said.

Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted following drone attacks. Bloomberg's Stuart Livingstone-Wallace has the context. (Source: Bloomberg)

Oil extended the biggest drop in more than six weeks on signs of easing Middle East supply disruptions, with a key pipeline being restored.

Saudi Arabia is ramping up prompt spot sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast.

Saudi Arabia has cancelled some oil deliveries to Europe after attacks shut down its export pipeline to the Red Sea.

Brent traded above US$108 on Monday after Saudi Arabia shut its East-West pipeline. Petrobras shares rose, but Vale and the banks pulled the Ibovespa down. The post Oil Prices Pass US$108 After Saudi Pipeline Halt, and Petrobras Rises While the Ibovespa Falls appeared first on The Rio Times.

Oil surged as Saudi Arabia’s closure of a major crude pipeline following attacks jolted the market, with the move disrupting a route that’s been key to bypassing the Strait of Hormuz during the US-Iran war. Bloomberg's Rob Barnett joins to discuss. (Source: Bloomberg)

US Energy Secretary Chris Wright says he expects Saudi Arabia’s East-West Pipeline to the Red Sea to be up and running “very soon.” Wight also discusses flows of crude oil and oil products through the Strait of Hormuz and the status of the US’s strategic petroleum reserve on “Bloomberg Surveillance.” (Source: Bloomberg)

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. (Source: Bloomberg)

With global supplies already stretched, the market can ill afford to lose a key Saudi export route.

Just three years ago, global bankers would fly into the Gulf to corner a slice of the world’s hottest market for new share sales. Now, even local advisers are being forced to hunt for business outside the region as deals dwindle.

Asian oil refiners are waiting for clarity on cargoes due to be picked up at Saudi Arabia’s Red Sea port of Yanbu, after the kingdom was forced to close a vital pipeline that serves the terminal following drone attacks.

Oil rose after Saudi Arabia shut a major crude pipeline following attacks, disrupting a route that’s been used to bypass the Strait of Hormuz during the US-Iran war and deepening a global energy crunch.

Saudi Arabia produced 5.97 million barrels a day in August against a target above 10. This is a physical shortfall, not a risk premium on a headline. The post Oil Prices Ended the Week Near $105. Ten Million Barrels a Day Are Not Being Pumped appeared first on The Rio Times.

Saudi Arabia shut its East-West Pipeline as a precaution after multiple attacks, threatening a crucial route for moving crude to the Red Sea while bypassing disruptions in the Strait of Hormuz. Bloomberg Economics' Ziad Daoud says prolonged disruption could tighten global energy supplies further, adding pressure to oil and US diesel prices. (Source: Bloomberg)

Saudi Arabia reported to OPEC that its crude oil production plunged again last month, hitting the lowest since 1990 as renewed hostilities between the US and Iran squeezed the kingdom’s export routes.

As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen's Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks falling across Asia. Investors appear to be holding their breath for the news that the Federal Reserve and other central banks will raise interest rates to tamp down the expected inflation.

OPEC’s crude oil production tumbled in August, snapping a two-month recovery, as output from group leader Saudi Arabia was curbed by threats to both of its export routes, according to a Bloomberg survey.

Gulf states Africa investment surged into ports, mining and farmland by 2026, with UAE logistics and Saudi deals reshaping trade corridors for investors. The post DP World and AD Ports Drive Gulf States Africa Investment as Saudi Deals Follow appeared first on The Rio Times.