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Oil & Gas Technical Compendium

UAE repels drone attack, while Iranian-backed rebels vow more

Yemen’s Iranian-backed Houthi group targeted the United Arab Emirates on Monday for the second time in a week, raising concerns of an escalation in the oil-exporting region even as the Gulf nation said it had intercepted the strike.Oil gained, remaining near the highest levels since 2014 as geopolitical tensions and the prospect of improving demand pushed crude to five straight weekly gains. Brent crude traded near $90 a barrel on Monday after reports of the attack.Shrapnel fell over scattered areas of Abu Dhabi after military defenses repelled two ballistic missiles, but there was no damage or loss of life, the UAE Defense Ministry said in a statement. The UAE said it had destroyed the launchers in Yemen’s northern Al Jawf region, more tha.....

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