Oil prices rose for the second straight day as a drone attack launched by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, Reuters reports, but the attack "had no impact on oil production."
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false" allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up.
Yemen’s Houthi group said on Thursday it had targeted a military site in Dammam, Saudi Arabia with a long-range missile and had launched a drone attack on a military parade in Yemen, which killed 30 people, according to reports.
Saudi Arabia's Crown Prince Mohammed bin Salman gave an interview to the Saudi-owned, London-based Asharq Alawsat newspaper and discussed recent attacks on oil tankers and on the Kingdom's southern border, saying Saudi Arabia does not want a war in the region.
The U.S. Senate on Thursday sustained President Donald Trump’s veto of a resolution demanding an end to military support for the Saudi-led coalition waging war in Yemen, in a victory for the White House’s policy of continued backing for the kingdom.
Saudi Arabia, the UAE, and Norway have told the UN Security Council that the recent attack on four oil tankers off the UAE coast was a "sophisticated and coordinated" operation most likely conducted by a "state actor," according to reports.
Saudi Arabia's cabinet took the step of affirming the Kingdom's desire to avoid regional conflict and ensure stable oil markets as tensions between Iran and the United States simmer, according to the state-run Saudi Press Agency and Reuters.