Business News
Factbox: Impact of Saudi oil outage on crude, product markets
Attacks on Saudi Arabian oil facilities on Saturday shut down about 5.7 million barrels per day (bpd) of crude production, sending global oil prices soaring.
Month: September 2019
Trading Ideas
Renting vs. Buying a Home: What Should You Do?
Mowing the lawn, playing catch with your kids, letting the dog run around the yard…
These are just a few wonderful images we associate with owning a home. Home ownership is as American as apple pie. There is a certain pride that comes with having an address you can call your own.
While home ownership has its benefits, there are certainly risks to be aware of. For many Americans the pain of the 2008 housing crisis is all too memorable. Nobody wants to go through that again. As a result, more U.S. households are renting now than they were at any point …read more […]
Business News
U.S. considers more intel sharing with Saudi Arabia after attack: sources
The United States is considering increasing its intelligence sharing with Saudi Arabia after Saturday’s attack on Saudi oil facilities, which halved the kingdom’s production and jolted world oil markets, U.S. officials told Reuters.
Business News
Saudi officials considering delaying IPO after drone attack: WSJ
Saudi Arabia officials are discussing delaying Aramco’s initial public offering as attacks on the company’s oil facilities have drastically reduced their output, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Business News
Saudi-led coalition: Initial findings show Iran arms used in Saudi attack
The Saudi-led military coalition battling Yemen’s Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate from Yemen according to preliminary findings.
Business News
Wall Street slips at open after Saudi attacks; energy stocks surge
U.S. stocks opened lower on Monday as the weekend attack on Saudi Arabian crude facilities knocked out 5% of the world’s supply and added to global growth worries, while the beaten down energy stocks soared as oil prices jumped more than 10%.
Business News
Saudi Aramco attacks: What we know so far
Attacks on two sites at the heart of Saudi Arabia’s oil industry shut down more than 5% of global supply, sent oil prices as much as 20% higher and prompted the United States to blame Iran despite Tehran’s denials.
Business News
Trump questions Iran’s denial of blame over Saudi attacks
U.S. President Donald Trump on Monday questioned Iran’s claim that it had nothing to do with weekend attacks on a giant oil plant in Saudi Arabia that have cut off 5% of global crude output.
Business News
Japan foreign minister expresses concern over global economy from attacks on Saudi
Japanese Foreign Minister Toshimitsu Motegi said on Monday that he agreed with U.S. Secretary of State Mike Pompeo that the global economy would be affected if the attacks on Saudi oil facilities destabilize the situation in the Middle East.
Business News
U.S. weighs more intel sharing with Saudi Arabia after attack: sources
The United States is considering increasing its intelligence sharing with Saudi Arabia after Saturday’s attack on Saudi oil facilities that halved the kingdom’s production and jolted world oil markets, U.S. officials told Reuters.
Business News
Oil up 10% on Saudi attacks, stockpile hopes pare early gains
Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the 1990-1991 Gulf crisis, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.
Business News
Wall Street set to open lower after Saudi attacks; energy stocks surge
Wall Street was set to open lower on Monday as the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East.
Business News
Saudi Arabia shuts pipeline to Bahrain after oil outage: trade sources
Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday.
Business News
Atlantia shares plunge as investors await Edizione board meeting
Shares in Atlantia fell sharply on Monday ahead of a board meeting of its top investor Edizione, which a source said was expected to discuss allegations of falsified safety reports at the group’s road operations.
Business News
Oil soars, stocks dip after Saudi supply shock
Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.