financetom
Business
financetom
/
Business
/
Saudi port of Yanbu resumes oil loadings, two sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Saudi port of Yanbu resumes oil loadings, two sources say
Mar 19, 2026 3:52 AM

March 19 (Reuters) - Saudi oil loadings sent to the Red

Sea port of Yanbu resumed after a brief halt that sent oil

prices surging, two sources told Reuters on Thursday.

Loadings were halted after staff had been evacuated, one of

the sources said, after a drone crashed at Saudi Aramco's

SAMREF refinery at the port earlier on Thursday.

An industry source said there was minimal impact on the

refinery, but the damage was still being assessed.

Aramco, the world's top oil exporter, is trying to boost

crude exports via Yanbu to offset the Strait of Hormuz

disruption, with loadings seen rising to record volumes in

March. Most of the cargoes are destined for Asia.

Iran has previously warned that the SAMREF refinery would be

attacked in retaliation to Israel's attack on its South Pars gas

field, a major escalation in the war with the U.S. and Israel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Roivant Sciences Offloads Psoriasis Medicine Maker To Organon For Up To $1.2B
Roivant Sciences Offloads Psoriasis Medicine Maker To Organon For Up To $1.2B
Sep 22, 2024
Organon & Co ( OGN ) has agreed to acquire Roivant Sciences Ltd’s Dermavant Sciences Ltd, which is focused on developing and commercializing therapeutics in immunodermatology. Dermavant’s novel product, Vtama (tapinarof) cream, 1%, for the topical treatment of mild, moderate, and severe plaque psoriasis in adults, was approved by the FDA in May 2022. Vtama cream is a once-daily, steroid-free, topical...
Why Enphase Energy (ENPH) Stock Is Popping Off
Why Enphase Energy (ENPH) Stock Is Popping Off
Sep 22, 2024
Enphase Energy Inc ( ENPH ) shares are trading higher by 3.75% to $122.97 Wednesday afternoon after the Federal Reserve cut interest rates by 50 basis points. Why This Matters: Enphase Energy ( ENPH ) is a leading provider of solar energy solutions, particularly microinverters and energy management systems. Solar installations often require significant upfront capital investment, much of which...
Market Chatter: Google Offered to Sell AdX to Stem EU Competition Concerns
Market Chatter: Google Offered to Sell AdX to Stem EU Competition Concerns
Sep 22, 2024
01:37 PM EDT, 09/18/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) offered to divest its advertising marketplace AdX after the European Commission launched an antitrust probe targeting the search engine's lucrative business, Reuters reported Wednesday, citing two people with direct knowledge of the matter. European publishers dismissed the proposal because they want Google ( GOOG ) to...
Tesla Shares Surge Amid Fed Rate Cut And Cybertruck Developments
Tesla Shares Surge Amid Fed Rate Cut And Cybertruck Developments
Sep 22, 2024
Tesla Inc. ( TSLA ) shares are trading higher Wednesday likely due to the broader market reaction to the Federal Reserve’s recent policy decision to cut interest rates by 50 basis points, marking the first rate cut in over four years. Federal Reserve Update The cutting of the federal funds rate to a range of 4.75%–5% has resonated across multiple...
Copyright 2023-2026 - www.financetom.com All Rights Reserved