Saudi Arabia's Defence Ministry says a drone has fallen on the Samref refinery, currently assessing the damage
A drone incident at the Samref refinery raises concerns regarding energy security in the region.
Saudi Arabia says it has intercepted a missile heading towards Yanbu port
China's Industry Minister says China is to focus on advanced basic materials, key strategic materials, and frontier new materials; calls for exploring AI application in materials research, testing, and production
Saudi Arabia's Defence Ministry says a drone has fallen on the Samref refinery, currently assessing the damage
Germany reportedly sets the middle of April as the deadline to reach an agreement with France on the FCAS fighter programme
[MARKET UPDATE] JPY strengthens further in a continuation of the post-BoJ presser price action; USD/JPY approaches 159.00 to the downside, EUR/JPY eyes 182.00 to the downside, and GBP/JPY dipped under 211.00
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Depending on the extent of the damage, this could impact oil supply and push WTI prices higher, as geopolitical tensions often lead to a risk-off sentiment in the commodities market. Traders should monitor for updates on the damage assessment and any potential disruption to refinery operations.
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