Oil bosses boycott Saudi summit after deadly missile strike

📡 Financial Times · 1 min read ·
BP and several other major oil companies have pulled out of a major energy conference in Riyadh, Saudi Arabia. The decision follows a missile attack on the city's airport that killed 12 people. The attack was carried out by Houthi forces. The Houthis are a rebel group fighting a long-running war in Yemen, Saudi Arabia's southern neighbor. The World Petroleum Council meeting was set to bring together top executives from the global oil industry. BP confirmed it will not attend. Other companies are expected to follow. The strike marks a serious escalation in the conflict. It also raises questions about security in Riyadh, a city that hosts major international business events. There has been no immediate comment from Saudi officials or the World Petroleum Council.