The attack on Saudi facilities on Saturday caused the biggest oil supply disruption for more than 50 years. Here is what it could mean for consumers:
Saudi Arabia’s oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, an industry source briefed on the developments told Reuters on Sunday.
Yemen’s Iran-aligned Houthi group on Saturday attacked two plants at the Abqaiq plant, the heart of Saudi Arabia’s oil industry, in a strike that could impact about 5 million barrels per day of crude production – close to half of the kingdom’s output or 5% of global oil supply.
Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that U.S. tech companies will change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers take action.
British Airways said on Thursday it is cancelling some flights scheduled for Sept. 27 when its pilots are due to hold another strike.
OxyContin maker Purdue Pharma LP is nearing a multibillion-dollar partial agreement aimed at settling thousands of lawsuits over its alleged role in the U.S. opioid crisis, Reuters reported on Wednesday, citing people familiar with the matter.
Apple Inc revealed on Tuesday that its streaming TV service will kick off Nov. 1 and cost $4.99 a month and new cameras for the latest iPhones, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.
A gauge of global stocks gave up initial gains on Monday as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.
The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be re-issued, a U.S. official said on Sunday.
Greece’s conservative prime minister outlined tax cuts that will benefit businesses and austerity-hit Greeks next year and promised to continue reforms which he said would help the country gain credibility after a huge debt crisis.