OPEC To Meet In Saudi Arabia To Discuss ‘Oil Supply Security’By Tsvetana Paraskova - May 16, 2019, 12:00 PM CDT

As a panel of OPEC and Russian ministers is meeting this weekend in Saudi Arabian city of Jeddah to assess oil market conditions ahead of the full OPEC+ meeting in Vienna next month, the heightened U.S.-Iran tension and concerns about oil supply security in the Middle East will be topics in bilateral meetings, a delegate told S&P Global Platts.  

Two pumping stations along Aramco’s East-West oil pipeline in Saudi Arabia were attacked by explosive-laden drones in the early morning local time on Tuesday, the official Saudi Press Agency (SPA) reported, citing Saudi Energy Minister Khalid al-Falih, who described the attack as one of “terrorism and sabotage.”

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