Articles by admin

Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday.

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Shares in Atlantia fell sharply on Monday ahead of a board meeting of its top investor Edizione, which a source said was expected to discuss allegations of falsified safety reports at the group’s road operations.

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Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.

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Iraq said on Monday it had been told by the United States that Washington did not suspect an attack on Saudi Arabia had been launched from Iraqi territory.

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Russia on Monday urged countries in the Middle East and outside the region not to draw “hasty conclusions” on who staged the attacks on Saudi oil facilities.

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U.S. President Donald Trump said on Monday the United States would help its allies despite U.S. energy independence, after Washington blamed Iran for an attack on Saudi Arabia that has closed 5% of global crude output.

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U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East.

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U.S. Secretary of State Mike Pompeo told Iraqi Prime Minister Adel Abdul Mahdi that the United States has information confirming Baghdad’s denial that Iraqi territory was used to launch an attack on Saudi oil facilities, Iraq said on Monday.

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Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU’s crackdown on tax avoidance by multinational companies.

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Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.

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Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.

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Austrian sensor specialist AMS is actively buying Osram shares and currently holds a stake of almost 3% in the German lighting group, its chief executive said on Monday.

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Allianz Global Investors , the biggest shareholder of Osram , is prepared to sell its stake to chipmaker AMS in the course of its 4.3 billion euro ($4.75 billion)takeover attempt if no better bid is made, a source said on Monday.

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The attacks against oil refineries in Saudi Arabia have so far had no impact on prices at filling stations in Germany, the country’s Petroleum Industry Association said on Monday.

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The European Commission said on Monday it was important to determine the facts behind the attack on Saudi Arabia’s oil facilities before establishing who was responsible.

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