Oil prices soar as attack on Saudi plant threatens supply

Business Sep 17, 2019

Oil prices soar as attack on Saudi plant threatens supply

The loss of 5 percent of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday. U.S. crude oil was trading 9 percent higher while Brent crude added more than 9.4 percent. The attack ...

Weapons used in Saudi oil facility attacks 'came from Iran': coalition

World Sep 17, 2019

Weapons used in Saudi oil facility attacks 'came from Iran': coalition

The weapons used to strike Saudi oil facilities were Iranian-made, the Riyadh-led coalition said Monday, heightening fears of regional conflict after the U.S. hinted at a military response to the assault. The weekend strikes on Abqaiq — the world's largest oil processing facility — and ...