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Saudi oil output to recover in two or three weeks after attack: sources

Saudi Arabia sought to calm markets on Tuesday after an attack on its oil facilities, with sources in the kingdom saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks.



4 years ago

Pence says attacks against U.S. allies and global energy supply will fail

U.S. Vice President Mike Pence said on Tuesday the United States was evaluating evidence on the attacks on Saudi oil facilities and stands read to defend its interests and allies in the Middle East.



4 years ago

Benettons set to shake up Atlantia as bridge probe escalates

The Benetton family is set to replace the powerful head of Atlantia with an executive committee and co-opt a right-hand man to help steer the infrastructure group through fallout from a deadly bridge collapse, three sources said.



4 years ago

GM switches health insurance costs to union for striking workers; talks continue

General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.



4 years ago

Oil plummets 6% as Saudi output seen returning soon after attacks

Oil prices dropped more than 6% on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.



4 years ago

Kraft Heinz slips as 3G Capital cuts stake

Shares of Kraft Heinz Co fell 4% on Tuesday after the packaged food maker's second largest investor, 3G Capital, sold over 25 million shares in the open market at a discount.



4 years ago

Senators push for U.S. to expand mining for electric vehicle supply chain

U.S. senators voiced bipartisan support on Tuesday for the expansion of domestic mining and minerals recycling, part of a push to jumpstart the country's electric vehicle supply chain and offset China's rising dominance in the fast-growing space.



4 years ago

Oil down as Saudi output rebound seen soon; stocks weak as Fed meets

Oil prices dropped sharply on Tuesday after a Reuters report said Saudi Arabia's crude production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.



4 years ago

Chipotle adds steak dish carne asada in rare addition to menu

Chipotle Mexican Grill Inc said on Tuesday it would add a new steak dish to its menu nationwide for the first time in three years, as the Mexican food chain looks to drive sales in a crowded U.S restaurant market.



4 years ago

Amazon starts hiring own drivers in German last-mile delivery push

Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centers to expand its delivery business in its second biggest market, the firm's German logistics chief said in an interview.



4 years ago

U.S. weighing best response to Saudi oil attacks: Pence

U.S. Vice President Mike Pence said on Tuesday the United States was reviewing evidence that suggests Iran was behind the attacks on Saudi oil facilities and stands ready to defend its interests and allies in the Middle East.



4 years ago

Total CEO: Attack on Saudi oil facilities will have consequences

Total CEO Patrick Pouyanne said on Tuesday last weekend's attacks on Saudi oil production facilities will have consequences, adding that he feared the situation in the Middle East might deteriorate further.



4 years ago

Battered Saudi oil output to recover in two or three weeks: sources

Saudi Arabia sought to calm markets on Tuesday after an unprecedented attack on its oil facilities, with sources saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks.



4 years ago

Oil plummets 5% as Saudi output seen returning soon after attacks

Oil prices dropped nearly 5% on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.



4 years ago

Saudi's Aramco allows employees to enter Abqaiq compound: Al Arabiya

Saudi Arabia's state oil giant Aramco allowed employees to enter Abqaiq compound for the first time since the Saturday attack, State-owned Al Arabiya reported on Tuesday citing its own sources.



4 years ago