Mohammed bin Salam seen keeping oil policy aimed at higher price
Saudi Arabia’s new Crown Prince Mohammed bin Salman will need higher crude prices to push ahead with his plans to reform the kingdom’s economy, making…
oil
Saudi-Russian oil price war – Photo
International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between…
‘We Don’t Owe Anyone’: Egypt Jousts With Its Chief Benefactor, Saudi Arabia
In the tumultuous two years since President Abdel Fattah el-Sisi of Egypt came to power, one ally has kept the Arab world’s most populous country…
Saudi Arabia’s Oil War Gained It 1% Market Share
Saudi Arabia has wielded immense power over both the oil producers and consumers based on its proven oil reserves. It not only has the second…
Qatar’s energy minister says: Worst of the oil crisis is over
With oil prices finally seeing an upturn, Qatar’s energy minister has called for international cooperation to rebalance the market. Yesterday, Dr. Mohammad bin Saleh Al Sada,…
Azerbaijan is invited to the OPEC meeting in Vienna
The Azerbaijani side has received the invitation to the meeting of ministers of OPEC member-states and countries that are not members of the cartel in…
A Look At Saudi Arabia’s Secret Oil Strategy
Faced with an oil glut that is not expected to draw down until late into 2017 and that is depleting oil-dependent government coffers, OPEC is…
Oil extends gains above $52 on tighter U.S. fuel stocks
Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample…
Saudi Arabia’s struggle in escaping its oil dependence
This is what it takes to run a mega-dairy in the scorching desert here: 180,000 Holstein cows, precisely cooled cowsheds, water pumped from deep underground,…
Saudis together with OPEC trying to fool the world
Saudi Arabia and OPEC appear to be on a new mission lately:to fool oil markets. On the one side they are talking the market up…