Energy

Saudi Ministry of Energy reports limited fire in building at Aramco compound targeted in attack - AP News

Source: AP News

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DW NOTE

Saudi Arabia just confirmed an attack hit an Aramco compound. The Strait of Hormuz has been running at half capacity for three days, Brent is at $106, and now someone is putting ordnance on the kingdom's upstream infrastructure. Iran's proposal to reopen the waterway looks less like diplomacy and more like a prelude.

Read the full story at AP News →

The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Saudi Ministry of Energy reports limited fire in building at Aramco compound targeted in attack - AP News

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