Tag: Aramco

Saudi coalition frees rebels in peace gesture

The Saudi-led military coalition fighting Yemen's Huthi insurgents announced Friday it was freeing a batch of rebel prisoners, part of what it says are efforts to end the seven-year war. Last week the coalition said it would release 163 prisoners it accused of participating in "hostilities" against Saudi Arabia. The official Saudi Press Agency said […]

Formula One says races not cancelled by Houthi attacks

Formula One said its race in Saudi Arabia will go ahead as scheduled this weekend despite attacks on the kingdom by Yemen’s Houthi militia. The announcement came a day after the rebels attacked an oil depot located about 11 kilometers (seven miles) from the F1 circuit. The 20 drivers on the grid met several times […]

State Department has had enough of Houthi attacks on Saudi

The US State Department is “beyond fed up” with Houthi attacks in Yemen, spokesperson Ned Price told a press briefing on Thursday, adding that the assaults were exacerbating the humanitarian crisis in the country. A Yemeni government official said Tuesday that Houthi rebels fired two missiles in the latest attack in the government-held city of […]

Iran using Houthis to blackmail UN on nuclear deal, Yemeni minister charges

The Iranian regime is using the Houthi militia as a pressure card against the international community and the US administration to extract concessions on the 2015 nuclear agreement, Yemeni Minister of Information Muammar Al-Eryani said on Thursday. Al-Eryani claimed that Iran is pressuring the Houthis for a military escalation in Yemen through suicide bombing in […]

MBS in talks with US Secretary of Defense over Houthis challenge

Saudi Arabia’s Crown Prince Mohammed bin Salman discussed bilateral relations in a phone call with US Secretary of Defense Lloyd J. Austin, state news agency SPA reported. They further discussed enhancing the defense cooperation, and developments in the region. The defense secretary also condemned the recent Houthi attacks against Saudi Arabia and expressed his country’s […]

Pentagon committed to defending Saudi against Houthis

The US condemns attacks against Saudi Arabia and remains committed to helping the Kingdom defend itself, the Pentagon’s press secretary said on Wednesday. Speaking at a press briefing, John Kirby said that Houthi attacks against the Kingdom “violate international law and undermine efforts to grow peace and stability in the region.” “We condemn attacks against […]

In vein effort US tries to persuade Houthis to halt offensive

The United States urged Yemen’s Houthi movement on Tuesday to halt an offensive on the government-held city of Marib and join international efforts to find a political solution to the more than six-year civil war. The advance by the Iran-aligned Houthi movement on the last government-held city in Yemen’s north threatens to complicate a new […]

BREAKING NEWS - Houthis lay claim to drone attack on Saudi airport

Yemen’s Iran-aligned Houthi group said it carried out a drone attack on Saudi Arabia’s Abha airport on Wednesday which the Saudi-led coalition fighting Houthi forces in Yemen said caused a fire in a civilian aircraft. Houthi military spokesman Yahya Sarea said four Houthi drones were used in an attack that he said struck Abha airport, […]

Turkish businessman want Saudis to end boycott call

Turkey’s leading business groups urged Saudi Arabia on Saturday to take action to improve trade relations as Turkish firms encounter growing problems in doing business with the Gulf Arab state. Saudi Arabia and Turkey have been at odds for some years over foreign policy and attitudes towards Islamist political groups. The murder of Saudi journalist […]

US doesn't want more Houthi attacks on Saudi

The US on Tuesday called on Houthi militants in Yemen to stop launching attacks on Saudi Arabia. The State Department said it was “deeply concerned” by the Iran-backed group’s aggression, including attacks on Marib city. The statement comes after the militants have increased drone and missile attacks on Saudi Arabia in recent weeks and as […]

Saudi intercept Houthis missiles from Yemen

The Saudi-led military coalition in Yemen said on Saturday it had intercepted and destroyed a ballistic missile targeting the Saudi Arabian border city of Najran. In a statement issued via the Saudi Arabian state news agency, the coalition said that the missile was fired from the Yemeni city of Saada, and some people were slightly […]

Saudi Aramco defering refining payments during corona crisis

Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, four refining industry sources said. The credit terms, which Saudi Arabia’s national oil company has offered through unidentified Saudi banks, are also seen as part […]

Oil price plundge forces Arab, African petro-pegs

Oil’s $30 price plunge this week has sharply increased strains on a number of pegged currencies in energy-exporting emerging markets, above all in Nigeria and Oman where currencies have come under pressure in forward markets. The coronavirus threat to an already fragile global economy and an oil price war between Saudi Arabia and Russia have […]

UAE overproducing oil in solidarity with Saudi

The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has hammered global crude prices. The extra oil the two Gulf allies plan to add […]

Russia and Saudi in oil war

Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks. The clash of the two oil titans sparked a 25% slump in oil prices on Monday, triggering panic selling and heavy losses […]

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