Latest United Arab Emirates government News

Attack on Saudi oil sites raises risks amid US-Iran tension

Sep. 15, 2019 6:39 PM EDT

DUBAI, United Arab Emirates (AP) — A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom's oil production threatened Sunday to fuel a regional crisis, as the U.S. released new evidence to back up its allegation that Iran was responsible for the assault amid...

The Latest: Trump approves release of oil reserves if needed

Sep. 15, 2019 6:14 PM EDT

DUBAI, United Arab Emirates (AP) — The Latest on the tensions in the Persian Gulf a day after Iran-backed Yemeni rebels attacked major oil sites in Saudi Arabia (all times local): 2:10 a.m. President Donald Trump says he has approved the release of U.S. strategic petroleum reserves "if needed" to stabilize...

Iraqi prime minister's office denies the country's territory was used to launch the drones that attacked Saudi oil sites

Sep. 15, 2019 5:13 AM EDT
DUBAI, United Arab Emirates (AP) — Iraqi prime minister's office denies the country's territory was used to launch the drones that attacked Saudi oil sites.

Iran Foreign Ministry dismisses US claim it was behind Saudi oil attacks, calling it part of US policy of 'maximum lies'

Sep. 15, 2019 4:00 AM EDT
DUBAI, United Arab Emirates (AP) — Iran Foreign Ministry dismisses US claim it was behind Saudi oil attacks, calling it part of US policy of 'maximum lies'

The Latest: US 'ready' to deploy resources from reserves

Sep. 15, 2019 1:24 AM EDT

DUBAI, United Arab Emirates (AP) — The Latest on the explosion and fire at a major oil facility in Saudi Arabia (all times local): 3:10 a.m. The U.S. Energy Department says the U.S. "stands ready to deploy resources from the Strategic Petroleum Oil Reserves if necessary to offset any disruptions to oil...

Saudi Arabia: Drone attacks knocked out half its oil supply

Sep. 14, 2019 9:55 PM EDT

DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil field Saturday, sparking huge fires and halting about half of the supplies from the world's largest exporter of oil. The attacks were the latest of...

Saudi Interior Ministry says drone attacks caused 2 fires at Saudi Aramco facilities; says blazes under control

Sep. 14, 2019 1:07 AM EDT
DUBAI, United Arab Emirates (AP) — Saudi Interior Ministry says drone attacks caused 2 fires at Saudi Aramco facilities; says blazes under control.

OPEC, allies weigh further oil production cut in December

Sep. 12, 2019 9:16 AM EDT

ABU DHABI, United Arab Emirates (AP) — OPEC and its non-cartel allies on Thursday discussed further cuts to oil production and the possibility of Iran re-entering the global market but said that any decision would have to wait for a meeting in December. Global oil prices fell on the news as forecasts...

Saudi Aramco CEO signals local listing coming 'very soon'

Sep. 10, 2019 4:57 AM EDT

ABU DHABI, United Arab Emirates (AP) — The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom's crown jewel, said Tuesday that the company is ready for a local listing on the kingdom's stock exchange and that it will happen "very soon." Amin Nasser declined to say how...

New Saudi energy minister urges producers to share burden

Sep. 9, 2019 9:17 AM EDT

ABU DHABI, United Arab Emirates (AP) — Saudi Arabia's new energy minister suggested on Monday that oil producers would need to share greater responsibility to balance the market in comments that marked his debut since being named to one of the most important positions in the kingdom the previous day....