Saudi Aramco said on Wednesday it was joining the World Bank’s initiative to reduce gas flaring to zero by 2030, and said its flaring was already less than 1% of its total raw gas production in the first half of 2019, Reuters reports.
Saudi Aramco has delayed the planned launch of its initial public offering "in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm," Reuters reports, citing two sources familiar with the matter.
Saudi Arabia’s deputy defense minister said on Thursday he discussed "regional security and military cooperation" with senior U.S. government officials, Reuters reports.
Secretary of State Mike Pompeo has called the recent attacks against Saudi oil facilities an "act of war" by Iran, and met Wednesday with Saudi Crown Prince Mohammed bin Salman in Jeddah.
Oil fell 2% toward $58 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession in the United States and and a surprise boost in U.S. crude inventories, Reuters reports.
