Monday, 16 September 2019 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.
Drone attacks on two Saudi Aramco factories in Abqaiq and Khurais provinces on Saturday sparked fires that the state oil company brought under control, the Saudi interior ministry spokesman said, without identifying the source of the drones. Rough cut (no reporter narration).
Business Insider reports Saudi Aramco has delayed its scheduled mega-IPO. The world's largest oil company was poised to go public as soon as November. The plan was to first offer 1% or 2% of shares on..