'Security and stability' of global supplies under threat as airstrikes hit Saudi oil installations

Oil prices soar above $71 per barrel as tensions escalate with Yemen

Attack: on oil storage tank in Ras Tanura, Saudi Arabia. Above, a general view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia in May 2018
Attack: on oil storage tank in Ras Tanura, Saudi Arabia. Above, a general view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia in May 2018Photo: REUTERS/SCANPIX
Published 8 March 2021, 02:37Updated 8 March 2021, 09:02