The spike in global oil prices on Monday was expected as prices need to reflect ...
FILE PHOTO: Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum , Russia June 6, 2019. REUTERS/Maxim Shemetov/File Photo
The attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. Speaking to reporters in an airplane on their way back to Moscow from Ankara on Monday evening, Novak said he did not have time to talk to Saudi energy minister as Novak was busy at talks between leaders of Russia, Turkey and Iran held on Monday.
The leaders of Turkey, Russia and Iran met in Ankara on Monday and agreed to try to ease tensions in northwest Syria’s Idlib region, but disagreements between the countries appeared to linger, especially over the threat from Islamic State.
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Saudi Arabia Aims to Restore a Third of Lost Oil Output MondaySaudi Arabia’s national oil company expects to restore roughly a third of crude output disrupted due to a weekend attack by day’s end on Monday, Saudi officials said, a step back from earlier hopes that it could quickly resume full production by the start of the week.
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Saudi attacks could push European oil supply closer to RussiaThe EU imports 6.6% of its crude oil from Saudi Arabia and 27.3% from Russia, but it could boost its energy dependence on Russia if supplies from the kingdom stall.
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Saudi-led coalition: Evidence indicates Iranian arms used in Saudi attackEvidence indicates Iranian arms used in Saudi attack, says Saudi-led coalition
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Defense Secretary Mark Esper spoke with Saudi, Iraqi leaders about 'unprecedented attack' on Saudi oil supply'The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that is being undermined by Iran,' Esper tweeted.
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