Published: Fri, September 20, 2019
Markets | By Otis Pena

Saudi Arabia Shuts Pipeline to Bahrain After Oil Outage: Trade Sources

Saudi Arabia Shuts Pipeline to Bahrain After Oil Outage: Trade Sources

This image provided on Sunday, Sept. 15, 2019, by the US government and DigitalGlobe and annotated by the source, shows damage to the infrastructure at Saudi Aramco's Abaqaiq oil processing facility in Buqyaq, .

The strike on the world's largest oil refinery at Abqaiq and an oil field at Khurais on Saturday knocked out more than half of Saudi crude output, or five per cent of global supply. The company was reported to have lost 5.7 million barrels of output per day following the drone attacks.

The IPO would have two phases: a local sale in Saudi Arabia that's expected to occur late this year, and an worldwide sale that would happen in 2020.

An Iranian Revolutionary Guards commander said US bases and aircraft carriers were within range of Iranian missiles, after Washington blamed Iran. "The terrorist attack did not originate from Yemen as the Houthi militia claimed", Malki told a press conference in Riyadh.

A Saudi military spokesman on Monday said initial investigations show Iranian weapons were used in the weekend attack. The US had immediately blamed Iran for the operation.

"I'm somebody that would like not to have war", Trump said. "I don't want war with anybody", Trump said in the Oval Office.

He said Secretary of State Pompeo and other administration officials soon will go to Saudi Arabia. With Trump already appearing to be supporting Saudi Arabia, it's another thing altogether to be awaiting the Kingdom's cue.

John Harbaugh downplays Marquise Brown's reported connection to Antonio Brown rape lawsuit
Until that happens, Brown remains a member of the team. "The league has informed us that they will be investigating". But things like this are common in the National Football League , he was in Steelers for 8 years but it changed.


U.S. Secretary of State Mike Pompeo has accused Iran of being behind the attacks.

"There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!" The claim was rejected by Tehran which said the allegations were meant to justify actions against it.

"Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world's energy supply".

Russia's Foreign Ministry, while expressing "grave concern" about the attack, warned against putting the blame on Iran, saying that plans of military retaliation against Iran would be unacceptable.

"The Americans adopted the "maximum pressure" policy against Iran, which, due to its failure, is leaning toward 'maximum lies, '" Mousavi said. President Donald Trump announced yesterday via Twitter that he's authorizing the use of US strategic petroleum reserves (SPR) to mitigate the crisis. Strategic Petroleum Reserve if necessary "in a to-be-determined amount. sufficient to keep the markets well-supplied". In a series of tweets after meeting with Trump and other senior national security officials, Esper said the administration was working with partner nations "to address this unprecedented attack and defend the global rules-based order that is being undermined by Iran". "This extremely serious incident makes the chances of a regional conflict that much higher".

Asked if the United Kingdom agreed with USA officials who blamed Iran for the attack, the spokesman said: 'The Foreign Secretary said this morning that the picture is not yet clear in terms of who is responsible and we won't pre-judge until we have the full facts'.

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