Saudi Arabia Shuts Down Pipeline That Was a Crucial Hormuz Bypass

The East-West pipeline-which can carry up to 7 million barrels of oil a day-came under attack as Middle East violence continued to flare.

Oil Prices Post Big Weekly Gain Amid Supply Risks

Oil prices slipped back Friday after a string of gains, but ended the week sharply higher as traders assessed growing risks to Middle East crude exports.

Abu Dhabi's Oil Giant Inks Partnerships With German Energy, Industry Groups as Part of UAE's $46.5 Billion Investment