• 6 hours Oil Pares Gains After API Reports Surprise Crude Inventory Build
  • 7 hours Elon Musk Won’t Get Paid Unless Tesla Does “Extraordinarily Well”
  • 7 hours U.S. Regulators Keep Keystone Capacity Capped At 80 Percent
  • 8 hours Trump Signs Off On 30 Percent Tariff On Imported Solar Equipment
  • 10 hours Russian Funds May Invest In Aramco’s IPO To Boost Oil Ties
  • 11 hours IMF Raises Saudi Arabia Growth Outlook On Higher Oil Prices
  • 12 hours China Is World’s Number-2 In LNG Imports
  • 24 hours EIA Weekly Inventory Data Due Wednesday, Despite Govt. Shutdown
  • 1 day Oklahoma Rig Explodes, Leaving Five Missing
  • 1 day Lloyd’s Sees No Room For Coal In New Investment Strategy
  • 1 day Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area
  • 1 day Libya’s NOC Restarts Oil Fields
  • 1 day US Orion To Develop Gas Field In Iraq
  • 4 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 4 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 4 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 4 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 4 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 4 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 4 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 5 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 5 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 5 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 5 days Venezuelan Output Drops To 28-Year Low In 2017
  • 5 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 5 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 5 days Kinder Morgan Delays Trans Mountain Launch Again
  • 6 days Shell Inks Another Solar Deal
  • 6 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 6 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 6 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 6 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 6 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 6 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 6 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 7 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 7 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 7 days Norway Grants Record 75 New Offshore Exploration Leases
  • 7 days China’s Growing Appetite For Renewables
  • 7 days Chevron To Resume Drilling In Kurdistan
Alt Text

Middle East Tensions Near Boiling Point

Tuesday’s GCC meeting was cut…

Houthi Missile Targeting Riyadh Palace Intercepted

Riyadh

For the third time in roughly seven weeks, Houthi rebels have fired a ballistic missile into Saudi Arabia, according to a spokesperson. The Volcano 2-H missile launched by the Yemeni rebels was reportedly shot down by Saudi air defenses just seconds before striking the al-Yamama royal palace, according to the Sun, which cited local TV news station Al-Arabiya. Houthi-controlled television has claimed that the missile targeted a meeting of Saudi leaders in a palace.

(Click to enlarge)

U.S. President Donald Trump notably held meetings with the Saudi King at the al-Yamamah palace during his May trip to the kingdom.

(Click to enlarge)

The reports of a missile launch followed tweets by witnesses suggesting that a blast had been heard in the Saudi capital. Images published on social media showed a plume of smoke rising low over the ground near the palace.  Witnesses in Riyadh reported hearing a blast and seeing the smoke. Saudi security officials said, "there are no reported casualties at this time."

Houthis launched two ballistic missiles at Saudi Arabia in November, but neither hit their targets. The first, on November 4, was fired at King Khalid International Airport in Riyadh while the second was fired at a Saudi oil refinery on November 30.

The Nov. 4 attack on the airport led to a tightening of a longstanding Saudi-led blockade of Yemen, which was already struggling with a devastating famine. As with past incidents involving the Houthis, Saudi accused Iran of supplying the missile to the rebels, a charge Tehran strongly denied. Yemen has been struggling for more than two years with a brutal civil war that has triggered humanitarian crises and tens of thousands of combat-related deaths.

There were no immediate reports of injuries and there has been no official statement from the Saudi government.

By Zerohedge

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News