Abdel Malek El Houthi, the leader of the Houthi militant group in Yemen, warned of possible attacks against Saudi Arabian oil tankers if the coalition backing the Yemeni government attacks the port of Hodeidah.
South Korea’s crude imports from Iran and Saudi Arabia rose in August.
Saudi Aramco confirmed that its initial public offering (IPO) remains on track for next year.
Saudi Arabia is developing back-up plans in case the initial public offering (IPO) of Saudi Aramco is pushed back until 2019.
Saudi Aramco is increasing its crude oil reserves in Japan by 1.9 million barrels.
OPEC production fell in August as Saudi Arabia cut back its production
With refining operations disrupted in the US, Saudi Arabia will increase exports to Asian markets in October.
The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers.
