Home Tags Oil

Tag: Oil

BP Capital Management founder T. Boone Pickens speaks at the 2016 Concordia Summit.

Oil tycoon T. Boone Pickens left behind an incredible letter about the best life lessons he learned, and every line is a must-read

In his final message before his death, T. Boone Pickens shared the most important lessons he learned on how to succeed in business and in life.
A file photo shows an unidentified trader.

A rogue trader lost $320 million on wrong-way oil bets, prompting Mitsubishi to fire the person and alert police

The derivatives bets were unauthorized and disguised to look like customer trades, says Mitsubishi, which fired the employee this week.
Fed Chair Jerome Powell.

US stocks are set to drop after the Fed’s ‘hawkish shift’ tempers hopes for further rate cuts

The Fed cut rates by 25 basis points to counter slowing growth and the trade war, saying "moderate" action is enough for now. Oil rose 0.7% to about $64.

The Saudis say Iran was behind the strikes on its major oil sites, but the last thing they want is war

Saudi Arabia has said the attacks on its oil sites were "unquestionably sponsored by Iran," but the country appears hesitant to escalate tensions.
Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia, on Saturday.

China could be the biggest loser from the Saudi Arabia oil attack

An expert told Business Insider that China has been the largest buyer of Saudi oil since 2009 and could be most impacted by a halt to oil exports.

The US is building a case against Iran in the attacks on Saudi Arabia, but Trump is in no rush to act

The US is publicly and in leaks to the press making the case that Iran struck Saudi oil sites, but it remains unclear what the next step will be.

Iran could be risking war over the Saudi oil fields because it deliberately wants to spike up the price of oil

If Iran was responsible for the shocking attack, it falls in line with a pattern of dangerous escalations to harm the US for its harsh sanctions.
A satellite image shows an apparent drone strike on an Aramco oil facility in Abqaiq

Saudi officials knew they were ‘exposed’ to drone attacks months ago but they weren’t able to do anything to stop it

Drones have been used in attacks on Saudi airports, water facilities, and oil pipelines this year. Leaders knew their country was vulnerable.

Oil tumbles on report Saudis will soon recover 70% of daily production

Oil posted its largest-ever single-day jump on Monday after an attack on Saudi oil facilities disrupted production.
President Donald Trump speaks to reporters during a meeting with Bahrain Crown Prince Salman bin Hamad Al Khalifa in the Oval Office of the White House in Washington, on September 16, 2019.

Trump boasts the US is ‘very high on ammunition’ while discussing prospect of war with Iran after Saudi oil field attacks

Trump said it's "looking" as though Iran is responsible for the Saudi oil field attack but said he doesn't "want war with anybody."