OIL PRICE

OPEC, Russia Will Cut 1.2 million Barrels of Oil Production a Day; Price Jumps

H.E. Khalid Al-Falih.
OPEC and Russia have agreed to collectively throttle back oil production by 1.2 million barrels per day to dry up a global supply glut, according to energy reporters from the Wall Street Journal.

Saudi Arabia

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OPEC+

OPEC gets Iran green light to cut oil output by 0.8 million barrels per day: source

OPEC will later ask non-OPEC producers to contribute an additional 0.4 million bpd to the cuts, the source said. ...

 

Saudi-Russia

Commentary: Russian-Saudi Oil Cooperation in OPEC Won’t Last

Eventually, perhaps soon, the two big exporters may not be interested in production-cutting deals as they square off for important markets and seek to keep ...

 

GCC

GCC Chief Underlines Importance of Upcoming Summit in Saudi Arabia

Secretary General of the Gulf Cooperation Council Dr. Abdul Latif bin Rashid Al-Zayani highlighted on Thursday the importance of the upcoming 39th GCC summit that ...

 

Saudi Economy

Commentary: Saudi economy has proved resilient — but now comes the challenge

As the decision makers in Vienna got down to the nitty gritty on Thursday, the economic policymakers back home were looking through the range of ...

 

Saudi E-Prix

40,000 expected to attend Saudi E-Prix in Riyadh

A Formula E event in the historic town of Ad-Diriyah is expected to attract around 40,000 people, including visitors from the Americas and Europe. ...

 

MIT

Internal report recommends MIT retain its Saudi ties

The preliminary report, which was sent to the MIT community on Thursday, acknowledges “the large-scale violations of political, civil and human rights” in Saudi Arabia, ...

 

Tawadros II

The Pope of Hope: Egypt’s Tawadros II on status of Copts, regional politics and Saudi reforms

Tawadros leads nearly 15 million Copts in Egypt and a further 2 million abroad, according to the church’s registry. They practice a form of Christianity ...

 

Saudi Satellites

Two Saudi-designed satellites launch into space

The satellites will be used to provide high-resolution images of the planet’s surface from low earth orbits, help with urban planning, monitor movements and changes ...

 

Sahel Aid

Saudi Arabia announces 100 million euros aid to Sahel nations

The other countries making up the Sahel group are Burkina Faso, Chad, Mali and Niger. ...

 

Spark

Saudi Crown Prince Lays Cornerstone of King Salman Energy Park Monday

The crown prince will lay the cornerstone of Spark, managed by Aramco with investments worth around USD1.6 billion (SAR6 billion) allocated for preparing and setting ...

 

Saudi +

Regional and related topics

War Powers Resolution

Analysis: The Senate is Poised to Pass the Yemen Resolution. Now What?

Corker is retiring and it’s not clear that his successor on the Foreign Relations committee, Sen. Jim Risch, R-Idaho, would help shepherd any legislation tying ...

 

Oil

US Is Net Oil Exporter For First Time in 75 Years

America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal -- even if ...

 

Heather Nauert

Trump Expected to Pick State Spokeswoman as U.N. Ambassador

President Donald Trump is expected to announce he will nominate State Department spokeswoman Heather Nauert to be the next U.S. ambassador to the United Nations, ...

 

U.S. Foreign Policy

Conflicting Partisan Priorities for U.S. Foreign Policy

With only a handful of exceptions, including stopping the spread of WMD, there are sizable differences between Republicans and Democrats on the 26 foreign policy ...

 

Iran in the Region

Scrapping nuclear deal hasn’t slowed Iran, says CENTCOM nominee

“Iran’s malign behavior hasn’t abated since before during or after the nuclear deal in the domains in which I see — which is their development ...

 

OPEC

Commentary: Qatar will leave OPEC. Here’s what this means.

OPEC is not much of a cartel, even though it often gets that label in the media. My research shows that since 1982, OPEC has ...

 

UAE

New UAE Investment Laws Pose Challenge to Free Zones

Government efforts to legalize full foreign ownership in specific sectors aim to significantly boost inward foreign investments. However, the commercial reform threatens to disrupt the ...

 

Pope Francis

Francis to become first pope to visit Arabian peninsula

The Feb. 3-5 trip, Francis’ latest to a predominantly Muslim nation, will be centered around the theme of inter-religious peace. ...

 

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