Jon Gambrell

Business, Fuel

‘External Source’ Causes Oil Tanker Blast Off Saudi Arabia

BW Rhine Undated photo of the Singapore-flagged oil tanker BW Rhine. (Tommy Chia/AERIAL PHOTOGRAPHER SG via AP)

DUBAI, United Arab Emirates — An oil tanker off Saudi Arabia’s port city of Jiddah suffered an explosion early Dec. 14 after being hit by “an external source,” a shipping company said.

Jon Gambrell | Associated Press
December 14, 2020
Government, Business, Fuel

Mexico Strikes Deal With US, Paving Way for OPEC Output Cuts

The sun sets behind an idle pump jack near Karnes City, Texas, on April 8. The sun sets behind an idle pump jack near Karnes City, Texas, on April 8. (Eric Gay/Associated Press)

Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries.

Jon Gambrell | Associated Press
April 10, 2020
Government, Business, Fuel

Saudi Arabia Increases Oil Output to Record High

Masked person at Saudi Aramco A security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia, on March 9. (Amr Nabil/AP)

DUBAI, United Arab Emirates — Saudi Arabia’s state-run oil giant Saudi Aramco said March 10 it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.

Jon Gambrell | Associated Press
March 10, 2020
Government, Business, Fuel

Report: Saudi Aramco Shares to Start Trading in December

 Saudi Crown Prince Mohammed bin Salman Saudi Crown Prince Mohammed bin Salman by Amr Nabil/AP

RIYADH, Saudi Arabia — The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Oct. 29 as the kingdom’s marquee investment forum got underway.

Jon Gambrell | Associated Press
October 29, 2019
Government, Business, Fuel

Energy Prices Spike After Saudi Oil Attack

Smoke from a fire at the Abqaiq oil processing facility Smoke from a fire at the Abqaiq oil processing facility fills the skyline Sept. 14 in Buqyaq, Saudi Arabia. (Al-Arabiya via AP)

DUBAI, United Arab Emirates — Global energy prices spiked Sept. 16 after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an assault for which President Donald Trump warned that the U.S. was “locked and loaded” to respond.

Jon Gambrell | Associated Press
September 16, 2019