Some see record oil production and more alternative routes for delivery once the Strait of Hormuz fully opens.
Saudi
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Investment
Five Russian hospitals locked down after plague lab death while Saudi oil pipeline is hit near Khurais
Multiple hospitals in Russia’s Irkutsk region went under a strict three-week quarantine after a laboratory technician at the local anti-plague institute died following an accident with live plague samples. Local…
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The West Texas Intermediate and Brent crude contracts previously rose to near-seven-week highs.
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Loadings at a Mediterranean port have picked up as Saudi Arabia races to offer its oil to buyers through a lengthier — and more expensive — backdoor.
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Stocks
Saudi Red Sea exports hit record pace while bypassing Hormuz; Houthis say 'fingers on the trigger'
Saudi Red Sea exports hit record pace while bypassing Hormuz; Houthis say 'fingers on the trigger'
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Kashif Hameed / Shutterstock.com Saudi Arabia’s announcement to invest $600 billion in the United States over the next four years is a massive commitment that could have far-reaching effects on…
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slovegrove/iStock Editorial via Getty Images Saudi Arabia’s investment mining fund is set to buy a 10%-20% stake in Barrick Gold’s (NYSE:GOLD) $9B Reko Diq copper and gold project in Pakistan,…
