Oil

International Response to Attack on Saudi Oil Urges Caution

The international response to an apparent Iranian attack on Saudi Arabia’s oil fields urged caution and a careful investigation before assigning blame for the strike or taking retaliatory action. Many of these responses suggested the world’s oil supply is robust enough to absorb the loss of Saudi production without major economic disruptions.

A picture taken on September 15, 2019 shows the entrance of an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. - Saudi Arabia raced today to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US …

Venezuela Stops Sending Oil to U.S. Citgo Branch

The socialist regime in Venezuela announced on Thursday it will stop sending oil to its U.S.based oil refinery Citgo after the Trump administration handed control of the company to President Juan Guaidó.

Venezuela is pumping less oil, giving other producers breathing space