Send to Kindle
Oil production in Saudi Arabia will be fully restored by the end of September, authorities said. At the same time, United States Secretary of State Mike Pompeo is leaving for the kingdom to discuss the next steps after the airstrike against Saudi oil facilities.
Saudi Arabia will be able to quickly recover oil. Attacking drones against the facilities of the giant Aramco caused a temporary shutdown and halved oil production, equivalent to 6 percent of world production.
Saudi Minister of Energy: "Full production capacity will be restored to 11 million barrels per day by the end of September and up to 12 million barrels per day by the end of November."
US Secretary of State Mike Pompeo flew to Jeddah on the Red Sea for talks with Saudi Prince Mohammed bin Salman. The goal is to coordinate efforts against Iranian aggression in the region, according to an official statement from the State Department. Pompeo blamed Iran for the attack, and Tehran denies.
At the same time, senior US officials quoted by the BBC claim that the location of the attack was identified, and that is southern Iran - in the northern Gulf.
In the wake of the coup against Saudi oil infrastructure, gold prices plunged, and Donald Trump even allowed the release of certain volumes from US strategic reserves. The markets gradually calmed down and the US president made it clear that he no longer needed to use the reserve.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Tensions escalate in the Middle East as Iran issues a stark warning, signaling a potential shift in its nuclear doctrine in response to perceived threats from Israel
In a significant development that underscores growing tensions in the Middle East, President Joe Biden has issued a stern warning to Israel, announcing the halt of certain weapons deliveries if a military operation proceeds in the Palestinian territory of
A recent report by a group of Western insurers has shed light on Russia's ability to circumvent Western oil sanctions, revealing that measures aimed at capping Russian oil prices have proven ineffective and have inadvertently fueled a surge in gray zone a
Amidst discussions surrounding a new US aid package for Ukraine, Israel, and Taiwan, which includes provisions for seizing Russian state assets in the US, American media outlets are expressing skepticism about the likelihood of such confiscation taking pl
Specialists from the United States have conducted an inspection of the repair work at Bulgaria's air base near Graf Ignatievo
Reports confirm that Ukraine has deployed long-range ballistic missiles provided by the United States in secret, targeting Russian forces in occupied territories
The newly inaugurated President of North Macedonia, Gordana Siljanovska-Davkova, upheld her campaign pledge during the swearing-in ceremony by refraining from using "North" in the country's name
In a statement made on May 1, 2024, the President of the Republic of Kazakhstan - Kasym Jomart Tokayev welcomed the agreement between the Republic of Azerbaijan and the Republic of Armenia to hold negotiations at the level of foreign ministers to prepare
Heavy fighting has erupted across the entire front line in Ukraine, as announced by Ukrainian President Volodymyr Zelensky in a late-night address
Residents of Rafah in the Gaza Strip are reporting ongoing explosions and gunfire as fierce clashes continue in the area. Israeli tanks have nearly encircled the eastern part of the town
Spain, Ireland, and other EU nations are intending to acknowledge Palestine's statehood on May 21, as stated by Josep Borrell, the EU's top diplomat for foreign and security policy
Ukrainian authorities reported that Russian forces attempted to breach the border with Ukraine using sabotage groups
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU
