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Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud have held a telephone conversation to discuss the possibility Saudi Arabia might use Russian vaccines against the novel coronavirus, …
The Trump administration left the Iran Deal and turned up the pressure. However, that only got America close to another unnecessary shooting war. A war with Iran would have devastating consequences and would be more costly than Iraq or Afghanistan, The National Interest reports
The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said, Rigzone reports. The IEA cut forecasts for world oil consumption in 2021 by 200,000 barrels a day as the pandemic continues to limit travel and economic activity. It boosted projections for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment
The growing number of Western countries aiming for net-zero emissions by 2050 and the U.S. Administration’s drive to limit oil and gas extraction on federal land and waters are likely to benefit the biggest oil firms in Russia and Saudi oil giant Aramco, analysts and portfolio managers told Bloomberg, Oil Price informs. While major developed economies are vowing to ‘build back greener,’ the world will still run on oil, and the beneficiaries, at least in the short term, will be the oil firms in countries that haven’t pledged net-zero targets and whose major oil companies are doubling down on oil production
Saudi Arabia banned expatriates from traveling to the Kingdom from 20 countries to curb the spread of the coronavirus. Exceptions to the ban, which begins at 9 p.m. on Wednesday, are diplomats, and medical staff and their families. …
Saudi Aramco's shareholders may consider selling more shares of the company if market conditions are right, the head of the kingdom's sovereign wealth fund (PIF), Yasir al-Rumayyan, said on Tuesday in a televised news briefing. …
Oil in New York inched higher with investors assessing the impact of supply curbs from Iraq and Libya on the near-term outlook. Iraq pledged to cut output in January and February after pumping more than its OPEC+ quota last year, and Libyan guards halted some crude exports after a pay dispute
Saudi Arabia’s king appointed Fahad al-Mubarak as central bank governor, his second stint in one of the most sensitive positions in the kingdom replacing Ahmed al-Kholifey, a decree carried on state media on Sunday said. Mubarak, …
Saudi Arabia's cooperation with Russia within OPEC+ has helped stabilize crude markets and the kingdom looks forward to further collaboration with Moscow as the world's biggest oil exporter seeks to remain a key player in market stability, the kingdom's foreign minister Faisal bin Farhan said
Saudi Arabia and its three Arab allies agreed to restore full ties with Doha at a summit in the kingdom on Tuesday, the Saudi foreign minister Faisal bin Farhan al-Saud said. The minister told a news conference after the gathering of …
The deal to cut OPEC + oil production in November 2020 was completed by more than 100%, Russia’s Deputy Prime Minister Alexander Novak said at a press conference following the meeting of the OPEC+ countries. "We have summed …
The S-400 Triumf surmounted a tortured development cycle to become one of the world’s leading missile defense systems and a pivotal Russian export product. The S-400 is an excellent system; it's not horrifically expensive, versatile in its deployment, and accurate enough to take down any NATO fighter, The National Interest writes in the article Why is Russia's S-400 Air Defense System So Dangerous?
A breakthrough has been reached in Qatar’s three-year-old dispute with Saudi Arabia and three other Arab countries and an agreement aimed at ending their rift is to be signed in Saudi Arabia on Tuesday, a senior Trump administration …
Saudi Arabia on Monday said it was extending a ban on entry to the Kingdom by air, land and sea for another week. In a statement carried by the Saudi Press Agency (SPA), the Ministry of Interior said the decision was a precautionary …
The Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, announced on Sunday that Saudi Aramco had discovered four new oil and gas fields in the Kingdom, Arab News reports. The minister said that non-conventional oil …
An annual Gulf Arab summit, usually held in December, will be hosted by Saudi Arabia on Jan. 5, Kuwait’s foreign minister said on Thursday in remarks published on the ministry website. Sources familiar with the matter had told …
Saudi Arabia’s economy shrank more slowly in the third quarter as the government eased some coronavirus restrictions but the pandemic-hit oil sector continued to weigh on the broader economy, official data showed on Thursday. …
The world leaders vow fair distribution of COVID-19 vaccines to all nations
Saudi Arabia will make its Formula One debut next year, DW reports. “We are excited to welcome Saudi Arabia to Formula 1 for the 2021 season and welcome their announcement following speculation in recent days,” said Chase …
For the last 70 years, the United States has sought to shape events in much of the world. We reward countries we favor with aid and other largesse. Those we dislike are isolated, sanctioned, and sometimes made to suffer, Boston Globe writes in the article It’s Biden vs. Trump in the rest of the world, too
