During meetings in Riyadh, Saudi Arabia, a delegation from the Tripoli based Libyan government of discussed the agenda for the upcoming meeting of ene...
Aramco's headquarters has been hit, flights are suspended and oil prices are rising. The IMF warns that the economic fallout from attacks on Saudi Arabia could be felt worldwide.
Kristalina Georgieva, en el marco de las Reuniones Anuales del FMI y el Grupo del Banco Mundial de 2026, en Bangkok el 14 de octubre de 2026. Foto: Anthony Wallace/AFP
The Organization of the Petroleum Exporting Countries (OPEC) has raised its forecast for global oil demand growth in 2027 to 2.55 million barrels per day (bpd), from its previous estimate of 2.36 million bpd, citing the need to replenish inventories depleted by the repercussions of the war with Iran.
International Monetary Fund head Kristalina Georgieva said Wednesday that recent attacks on Saudi Arabia could impact people "everywhere", as conflict in the energy-rich region...
International Monetary Fund head Kristalina Georgieva said Wednesday that recent attacks on Saudi Arabia could impact people “everywhere,” as conflict in the region adds to wide-ranging economic concerns.
Welcome back to City AM‘s FTSE 100 live blog. Stocks are set to make modest gains on Wednesday morning, after the blue-chip index finished flat on Tuesday despite spending most of the day in the green.
Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen's Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.
Recent developments have pushed oil prices higher as traders consider the supply uncertainties stemming from the ongoing conflict in Yemen. Escalating clashes involving the Houthis and Saudi Arabia raise alarms about the stability of oil supplies.
Saudi Arabia, the world's top oil exporter, faces a major economic contraction this year, the IMF said Tuesday, as deadly attacks by Yemen's Houthis squeeze a country already...
Saudi Arabia intends to enhance its crude oil export capacity through pipeline modifications and upgrades. Energy Minister Prince Abdulaziz bin Salman announced potential increases by repurposing a gas pipeline for oil transport. The initial increase could reach 1.2 million barrels per day within weeks.