The largest listed oil and gas drilling company in Saudi Arabia announced that it has suspended “a handful” of its offshore drilling rigs because of the ongoing conflict in the Gulf, according to Kpler's Bakr
Every headline is on the live feed 20 minutes before this site.
Chinese Market Regulator holds a meeting on price supervision and anti-unfair competition enforcement
Iranian spokesman for its top military command says armed forces will fight "until complete victory", AP reports
The largest listed oil and gas drilling company in Saudi Arabia announced that it has suspended “a handful” of its offshore drilling rigs because of the ongoing conflict in the Gulf, according to Kpler's Bakr
Philippines declares a national energy emergency
Crude oil exports from Saudi Arabia's Yanbu port rise to almost 4mln bpd in latest week from ~1mln bpd before Iran war, according to shipping data
On the Newsquawk feed at , 20 minutes before this page.
Context
The announcement of the suspension of offshore drilling rigs by Saudi Arabia's largest listed oil and gas company highlights potential supply constraints in the Gulf region, which could support oil prices. Given the ongoing conflict, market participants will be watching for further disruptions that may affect both supply and geopolitical stability, impacting WTI and broader energy markets. This situation could reinforce bullish sentiment in oil as concerns over supply escalation become more pronounced.
Related headlines
- Russia has reportedly doubled its attacks on Naftogaz facilities in 2026, sources say; Ukraine's 2026 gas consumption is seen falling by 1BCM after Russian strikes on business infrastructure1 day ago
- Russia and Iran is reportedly discussing gas pipeline route and pricing2 days ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- US lawmakers introduce bill to block US President Trump’s Russia diesel deal1 day ago
- Russia’s Ryazan oil refinery has halted operations of one of its primary units since October 15th drone attack, according to reports, citing sources1 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- Russian Deputy PM Novak says that he sees no obstacles to direct diesel shipments from Russia to the US, adding that restrictions have been lifted, TASS reports1 day ago
- South Korea is reportedly to extend oil fuel price cap for another four weeks2 days ago
- Japanese Chief Cabinet Secretary Kihara says Japan expects October crude procurement to be at the same level as last year2 days ago
- The SNP-led Scottish government is set to drop its long-standing opposition to new oil and gas exploration in the North Sea, reports Politico1 day ago
- Newsquawk Daily US Opening News - 16th October 20261 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- Iran's Deputy Foreign Minister says that Saudi Arabia is yet to respond to the Iran response on mediation efforts relating to Yemen1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
- US President Trump says Israel has been helpful to Saudi Arabia1 day ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues1 day ago
- US fighter jets were reportedly flying at low altitudes over the border areas with Saudi Arabia and conducting aerial surveillance operations in the western regions of the province, reports Nour News1 day ago
- A new thermal anomaly has reportedly been detected in Saudi Arabia's Yanbu area near a pipeline, according to Press TV1 day ago
- [MARKET ANALYSIS] Crude benchmarks softer as Trump states Iran asked for a halt to strikes; spot gold moves a little higher2 days ago
- Explosions reported in the city of Dammam, Saudi Arabia, SNN reports2 days ago
The feed had this first.
Use the Platform