Japanese refiners gathering info after attack in Saudi Arabia; government may release oil reserves

The Japan Times

DUBAI, UNITED ARAB EMIRATES – Oil refiners in Japan, the world's fourth-biggest importer of crude oil, are gathering information on supplies from Saudi Arabia following an attack on the kingdom's key crude oil facilities over the weekend, company officials said on Tuesday. The attack on state-owned producer Saudi Aramco's crude-processing facilities at Abqaiq and Khurais cut output by 5.7 million barrels per day and threw into question its ability to maintain oil exports. Saudi Aramco has not given a specific timeline for the resumption of full output. Saudi Arabia is the world's biggest oil exporter and has been the supplier of last resort for decades. Officials from JXTG Holdings, Idemitsu Kosan Co. and Cosmo Energy Holdings Co. said they were collecting information but declined to comment further on Saudi Arabian oil or alternative supplies.

US Petroleum Reserve Lease Sale in Alaska Draws Just 7 Bids

U.S. News

The petroleum reserve bids Wednesday pulled in $14.99 per acre, an amount that shows "fuzzy math" by the Trump administration and congressional Republicans who hope to collect $1 billion from Arctic refuge lease sales to help pay for Trump's proposed tax cut, said Kristen Miller, conservation director of the Alaska Wilderness League.

Kachemak Bay Research Reserve Unveils Winning Beer Label

U.S. News

In celebrating its upcoming 20th anniversary, the Kachemak Bay National Estuarine Research Reserve decided to put a little hop(s) in its step with a beer label contest to drum up awareness and excitement. Environmental Education Specialist Dana Nelson said she took inspiration from a similar contest she saw done by Kachemak Heritage Land Trust.

Starbucks opens new Reserve store, serves booze and pizza

FOX News

The coffee chain has launched a new store that features an extensive food menu, new coffee drinks and a mixology bar.

Forex reserves fall to $17.228 billion


KARACHI: Pakistan's foreign exchange reserves dropped to $17.228 billion during the week ended April 5 from $17.397 billion in the previous week, the central bank said on Thursday. The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell $220 million to $10.271 billion due to external debt servicing and other official payments, it added. The foreign exchange reserves of commercial banks stood at $6.956 billion, compared with $6.905 billion in the previous week.