Economy
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Saudi Oil Infrastructure Faces New Pressure After Reported Pipeline Attack
DID Press: Yemen’s Ansarullah movement has intensified pressure on Saudi Arabia’s oil sector by targeting parts of the kingdom’s strategic East–West oil pipeline, with Yemeni military sources claiming the operation highlights vulnerabilities in Saudi energy infrastructure. According to sources affiliated…
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FUCHS Halts Production at Major Saudi Plant After Massive Fire
DID Press: German lubricant manufacturer FUCHS SE has announced the suspension of operations at its joint Alhamrani-Fuchs Petroleum Saudi Arabia plant at Saudi Arabia’s Yanbu port following a major fire on July 25 that caused extensive damage. The company said…
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UN: Only 11% of Afghan Returnees Have Jobs Amid Growing Hardship
DID Press: Two United Nations agencies have warned that worsening economic and social conditions in Afghanistan are leaving returnees increasingly vulnerable to human trafficking, forced labor and other forms of exploitation. The International Organization for Migration and the United Nations…
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US Crude Oil Inventories Fall by 7.2 Million Barrels
DID Press: US commercial crude oil inventories fell by 7.2 million barrels in the week ending July 24, reaching approximately 404.5 million barrels, according to the weekly report from the U.S. Energy Information Administration (EIA). The EIA said crude stockpiles…
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US Expands Patriot Missile Orders as Weapons Stockpiles Face Pressure
DID Press: The Pentagon has increased the value of its long-term contract to purchase Patriot interceptor missiles from Lockheed Martin to nearly $59 billion, a move that highlights growing demand to strengthen U.S. air defense reserves, according to The Wall…
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Afghanistan Invites Iranian Investors to Expand Economic Cooperation
DID Press: Afghanistan has invited Iranian investors to explore investment opportunities in joint economic projects, seeking to deepen trade and economic cooperation between the two neighboring countries. The invitation was made by Kamaluddin Tawhidi, head of the Afghanistan-Iran Joint Chamber…
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Brent Oil Jumps 6.7% as Middle East Tensions Escalate
DID Press: Brent crude climbed 6.7% to $87.55 per barrel after renewed military tensions involving the United States, Israel, and Iran heightened concerns over potential disruptions to global oil supplies. Market sentiment was driven by fears that the escalating regional…
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Taliban Prioritizes Regional Economic Integration
DID Press: Taliban says strengthening regional partnerships through economic cooperation, trade, and connectivity remains a central pillar of its foreign policy as Afghanistan seeks closer engagement with neighboring countries. Speaking on the Taliban’s regional strategy, spokesperson Zabihullah Mujahid said Afghanistan…
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US, China and India Dominate Global Oil Consumption in 2025
DID Press: Global oil consumption reached 103 million barrels per day in 2025, marking a 1.3% increase from the previous year, with the United States, China, and India accounting for 41% of worldwide demand, according to new statistical reports. The…
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Drone Strike Hits Saudi Aramco Facility, Damaging Storage Units in Abqaiq
DID Press: Newly released images from Saudi Arabia’s Abqaiq oil facility show damage to parts of storage infrastructure and precautionary measures aimed at preventing the spread of fire following a reported drone attack on the site. Yemen’s armed forces announced…
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