Tag
saudi arabia
11 articles
Saudi Pipeline Shutdown Drains 2.5M Barrels Daily, Depletes Market Buffers
Aramco cancels European crude cargoes after drone attack closes East-West pipeline, eliminating the Strait of Hormuz bypass as global crude inventories near depletion.
Oil Prices Retreat as Saudi Pipeline Repairs Offset US Inventory Tightness
WTI crude fell to $100.25 as Saudi Arabia restores pipeline capacity and Libya recovers output, while US stockpiles hit seasonal lows ahead of peak demand season.
Saudi Oman Shipments Ease Supply Fears; Brent Falls 1.8%
Brent crude dropped to $103.95 a barrel as Saudi Arabia rerouted shipments through Oman, partially offsetting Red Sea pipeline attack impacts.
Houthis Seize Bab el-Mandeb Strait, Controlling Key Red Sea Route
Yemen's Houthi group has taken control of the Bab el-Mandeb Strait following a military advance, positioning itself to disrupt global shipping and Saudi oil exports.
Saudi Pipeline Shutdown Tightens Global Oil Supply — Brent Crude Surges on Bypass Route Closure
The closure of Saudi Arabia's 7 million barrel-per-day East-West pipeline after attacks has sent Brent crude toward $108, disrupting a key alternative to the Strait of Hormuz amid escalating U.S.-Iran conflict.
Houthis Seize Key Red Sea Ports in Strategic Advance
The Iran-backed group's capture of Mocha, Dhubab and Perim Island gives it control over the Bab al-Mandeb strait, a critical chokepoint for global shipping.
Saudi Arabia Backs Arabic AI Model Built on Chinese Technology
HUMAIN's 428-billion-parameter model signals Middle Eastern nations are willing to rely on Chinese AI infrastructure to close the language gap.
Iran's Ghalibaf Accuses U.S. of 'Satan'-like Targeting as Gulf Crisis Deepens
Two Filipino sailors died as tankers struck mines in the Strait of Hormuz, while Iran's parliament speaker and Israeli defense minister escalated war rhetoric Wednesday
Pakistan, Saudi Arabia, Türkiye Sign Makkah Joint Defence Agreement
Prime Minister Shehbaz Sharif said the trilateral pact, formalized Aug. 7, 2026, is solely defensive and aims to boost regional stability.
Senate Moves to Block Saudi Nuclear Deal—$80 Billion in Contracts at Risk
A bipartisan push to kill the proposed U.S.-Saudi civilian nuclear pact threatens massive contracts for Westinghouse and Bechtel while reigniting non-proliferation fears.
Saudi PIF Tokenizes Multi-Asset Portfolio, Targets $1 Trillion in Digital Assets
Saudi Arabia's Public Investment Fund begins tokenizing its extensive holdings, aiming to unlock new capital and streamline management across its $925 billion portfolio