National oil firm Saudi Aramco informed Egyptian authorities that it would halt shipments of petroleum products to Egypt "until further notice", an Egyptian official told Reuters on Monday.
A Saudi power relay station was set on fire on Friday by a projectile fired from neighbouring Yemen towards the southern Saudi Arabia, Saudi state news agency SPA reported.
Saudi Arabia's oil exports rose in June as the kingdom kept the market well supplied, pumping near record high levels of crude to feed rising both local and international demand.
State oil giant Saudi Aramco, which could soon become the world's largest listed company, will keep expanding despite low crude prices, its president said on Tuesday.
Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said.
Saudi Aramco Chairman Khalid al-Falih said on Sunday an initial public offering of the world's largest oil firm could be on the local or international markets but would not include Saudi oil reserves, according to Dubai-based al-Arabiya TV.
Saudi Arabia is considering issuing shares in state-owned oil giant Saudi Aramco, the kingdom's powerful deputy crown prince told The Economist in a rare interview published Thursday.
