Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.
Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.
Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world's largest oil production facility, people with knowledge of the kingdom's operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.
Democratic California Gov. Gavin Newsom announced a lawsuit Saturday against five major oil companies and their...
Maui county sued the Hawaiian Electric company on Thursday over the fires that devastated Lahaina, saying...
The US interior department has canceled seven oil and gas leases in Alaska’s Arctic national wildlife...
The U.S. will release 15 million barrels of oil from its strategic reserve, Biden administration officials...
