The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery
Weekend drone strikes on Saudi Arabia's oil infrastructure have effectively wiped out about 5 percent of the global daily production, sending oil prices skyrocketing to historic levels Monday.
Intellasia East Asia News China’s defence ministry said it “expelled” a US destroyer near the Paracel Islands on Friday, describing the American patrol in the disputed South China Sea as an “act of trespass”. The US Navy’s guided missile destroyer USS Wayne E. Meyer sailed near the Paracels, known as the Xisha in China, “without the permission of the […]
U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict.
Intellasia East Asia News North Korea on Monday demanded the United States provide security guarantees as a precondition to resuming deadlocked nuclear talks, dampening hopes for progress at a working-level dialogue expected in the coming weeks. Negotiations between Pyongyang and Washington have been gridlocked since a second summit between the North’s leader Kim Jong Un and US President Donald […]