Saudi Arabia Keeps Major Energy Conferences on Schedule After Airport Attack
Organizers say international energy conferences in Riyadh will proceed despite a deadly airport attack that disrupted flights and heightened security concerns.
Organizers say international energy conferences in Riyadh will proceed despite a deadly airport attack that disrupted flights and heightened security concerns.
A tanker attack north of Qatar and a rising number of incidents around the Strait of Hormuz have renewed concerns about energy supplies and maritime security.
Asian shares edged lower as higher oil prices and escalating Saudi-Houthi hostilities outweighed optimism generated by new Wall Street records.
China’s decision to suspend most refined-fuel exports for October is adding pressure to Asian diesel, gasoline and jet-fuel markets.
Washington has urged France and Germany to release emergency diesel reserves to ease global prices, warning that it could otherwise restrict American diesel exports.
The European Commission’s September estimate shows household sentiment weakening after four months of recovery.
Saudi Arabia suspended operations on its strategic East-West pipeline following an aerial attack, adding pressure to global oil markets already disrupted by regional conflict.
Britain’s benchmark ten-year government bond yield rose to a 19-year high as oil prices and inflation concerns drove a global debt-market sell-off.