(Reuters) – Two people were killed after Saudi air defences intercepted a drone that was attempting to hit a facility at Saudi Aramco’s Shaybah oilfield on Wednesday, the energy ministry said. The incident comes amid an escalation of missile strikes by Yemen’s Iran-aligned Houthis on the kingdom. The incident caused a fire in a vehicle …
Two Killed After Drone Intercepted Near Saudi Aramco’s Shaybah Oilfield Read More »
(Reuters) – The US State Department is preparing to issue an ordered departure of some personnel and family members from US embassies across the Gulf region, three US officials said on Wednesday. The move was due to a possible resumption of hostilities, particularly with Iran-aligned Houthi militia in Yemen, two of the US officials said. …
House member seeks balanced growth approach while calling industry ‘tone-deaf’ By Michael Shepard Tech Across the Globe SpaceX earnings: Elon Musk’s rocket, satellite and artificial intelligence company reported $4.4 billion in quarterly net income. The results were much better than expected. Salesforce deal: The software company agreed to acquire Braze, an AI marketer, for about …
AI Backlash Hits Home in Virginia’s ‘Data Center Alley’ Read More »
By David French and Sheila Dang Chevron says it is preparing a sale package including stakes in various US Gulf plays Assets earmarked for sale include stakes in Petronius, Tubular Bells, and Llano fields Potential sales likely to raise around $1 billion for the company, sources say NEW YORK/HOUSTON, Oct 21 (Reuters) – Chevron (CVX.N) …
Chevron to Sharpen US Gulf Focus With Sale of Older Assets Read More »
By Gabriel Cohen Key Takeaways The U.S. is the world’s largest economy by nominal GDP in 2026, while China leads when adjusting for purchasing power. India rises from sixth to third place when measured by purchasing power parity (PPP). Indonesia jumps into the global top 10 under PPP, ranking seventh with an economy worth $5.5 …
Ranked: The World’s Largest Economies in 2026 – Visual Capitalist Read More »
By API – American Petroleum Institute Middle East crude exports have approached pre-war levels in recent weeks as producers and shippers find ways to keep oil moving. But the recovery has been uneven, and global energy markets continue to face significant volatility with attacks on tankers increasing again in October. But fluctuations in Middle East oil …
AMERICAN ENERGY SNAPSHOT: Beyond Hormuz – The Pressures Keeping Fuel Markets Tight Read More »
By Andrew Mills Oct 21 – Iran is deliberately prolonging talks with Washington to weaken President Donald Trump before the November 3 midterm elections, senior Iranian officials told Reuters. They say Tehran is preparing for renewed US and Israeli strikes, not a deal. It is doing so as inflation hits 73.6% and seaborne oil exports …
(Reuters) – United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United’s goal of double-digit pretax margins next year would probably require lower fuel costs, slower industry capacity growth or airlines continuing to prioritize higher fares over fuller planes. The Iran war has …
United Airlines Sees Elevated Fuel Costs Through 2027, Flags Margin Challenges Read More »
(Reuters) – US crude and gasoline stocks fell last week, while distillate inventories rose, the US Energy Information Administration said on Wednesday. Crude inventories fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, the EIA said, compared with analysts’ expectations in a Reuters poll for a 820,000-barrel draw. Crude …
US Crude and Gasoline Stocks Fall, Distillates Rise, EIA Says Read More »
(Reuters) – Saudi Arabian crude oil exports in August rose by about 7.9% from July to 4.451 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative showed on Wednesday. The exports rose even as oil production fell to a record low of 6.24 million bpd from 8.135 million …
Saudi Crude Oil Exports Hit Five-Month High in August, Data Shows Read More »
