Drone blitz knocks out half of Saudi Arabia's oil production capacity

Updated September 16, 2019 13:04:15 Saudi Arabia says drone attacks at two massive oil processing facilities have knocked out half of the country’s total oil production. Key points: The attacks have slashed the refineries’ total production Iranian-backed Houthi rebels claimed responsibility for the attack Online videos showed huge flames engulfing the Abqaiq facility, with both

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Saudi prince warns oil price could spike to 'unimaginably high numbers' if Iran isn't stopped

Posted September 30, 2019 16:56:55 Photo: Crown Prince Mohammed bin Salman said war with Iran could collapse the global economy. (Reuters via Saudi Royal Court) Saudi Arabia’s Crown Prince Mohammed bin Salman warns that oil prices could spike to “unimaginably high numbers” if the world does not come together to deter Iran, but says he

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US points finger at Iran over Saudi oil drone attack that could cause energy prices to spike

Updated September 16, 2019 13:03:13 Photo: This satellite image reveals thick black smoke rising from Saudi Aramco’s Abqaiq oil processing facility in Buqyaq. (Planet Labs Inc, AP) Iran has dismissed accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies and warned on Sunday that

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Silicosis surge prompts more calls for a ban on engineered stone products

Updated September 16, 2019 20:44:15 Photo: Renee and Braden Barnes’ life has changed dramatically since Braden was diagnosed with silicosis. (ABC News: Laura Kewley) A man who developed silicosis after working with engineered stone products has called for the products to be banned to prevent more people developing the disease. Key points: New figures show

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Investors facing ruin after deposits for off-the-plan apartments vanish

Updated September 18, 2019 05:45:31 Photo: Former Ralan salesman Stanley Xie. (ABC News: Jerry Rickard) Stanley Xie feels angry and frustrated. Most of all, he feels a sense of guilt. Key points: Property developer Ralan Group’s collapse has left thousands of investors facing financial ruin Many investors were Chinese-Australian who stand to lose millions on

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Energy Minister doesn't expect Saudi attacks to impact Aus. oil prices

Posted September 16, 2019 12:38:53 Angus Taylor downplayed the risk to Australian oil reserves in the aftermath of the drone attack on the world’s largest oil refinery. Source: ABC News | Duration: 35sec Topics: industry, government-and-politics, federal-government, parliament, political-parties, liberal-national-party, electricity-energy-and-utilities, energy, oil-and-gas, canberra-2600 Source link

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