OIL PRICES

Oil Posts Biggest Weekly Gain Since December 2016

Organization of the Petroleum Exporting Countries along with Russia and its allies will curb oil output by a collective 1.2 million barrels a day.
Brent crude headed for its biggest weekly gain since December 2016 after several months of price falls as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy, according to reports.

Saudi Arabia

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Global Oil Markets

Oil Set for Biggest Weekly Gain Since 2016 on Saudi Supply Cut

Brent crude headed for its biggest weekly gain since December 2016 as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy. ...

 

U.S.-Saudi Relations

US’ Pompeo to visit Saudi Arabia, UAE during Middle East tour

It'll be Pompeo's first Middle East trip since President Donald Trump's recent announcement that he intends to withdraw US forces from Syria. That decision, which ...

 

Tourism

New tourism investments spark a travel boom in Saudi Arabia

With travel bookings in the Kingdom considered the largest in the Middle East and North Africa (MENA) — worth more than $25 billion each year ...

 

Yemen Civil War

US supports Saudi war in Yemen even after Senate votes no

“This solicitation provides a direct counter to the claims the US makes at times, that if the US didn’t sell weapons to Saudi Arabia, Russia ...

 

Opinion: Saudis Faces Cheap Oil, Social Liberalization, Climate Change

This volatile situation could be made even more precarious by three additional factors: declining oil revenues, climate change and social liberalization. ...

 

Economy

Developing a green economy in Saudi Arabia

Decarbonisation policies are gaining serious traction in the kingdom, as the pressing need to reduce CO2 emissions forces a rethink of the oil giant's priorities Across ...

 

Saudi Aramco

Saudi Aramco said to finalise Russian pumping equipment deal

Finalisation has been achieved on a deal that could see Saudi Aramco purchasing equipment from a Russian company for the first time, with the support ...

 

Absher

Divorce notice via SMS

The new initiative will notify the women immediately by SMS to their phone numbers registered through the Absher system when a divorce deed is issued ...

 

Sports

Status of women at Italian game in Saudi Arabia criticized

Facing increasing criticism by government members over the decision to play the Italian Super Cup in Saudi Arabia, Serie A's president is hailing the match ...

 

Life in Saudi Arabia

See a Dust Storm Approach Riyadh

A giant dust cloud swallows Riyadh, Saudi Arabia, as the Meteorology and Environment department warned of low visibility in the city (Source: Bloomberg) ...

 

Saudi +

Regional and related topics

Syria

Rebel infighting escalates in northwest Syria

Infighting has long plagued Syria’s armed opposition since the uprising against Assad began in 2011. Turf wars have helped the Syrian president, with his Iranian ...

 

U.S. Senate

Senate set to assert itself on Syria sanctions, Middle East policy early in 2019

According to the aide to Rubio, the Senate bill bundles together a total of four measures that did not get through in 2018. ...

 

Shale Oil

Fracking’s Secret Problem—Oil Wells Aren’t Producing as Much as Forecast

Two-thirds of projections made by the fracking companies between 2014 and 2017 in America’s four hottest drilling regions appear to have been overly optimistic, according ...

 

Turkey

Turkey is still on the brink of a recession

The impact of the currency crisis, exacerbated by years of runaway borrowing and central-bank inaction, is continuing to lay waste to the real economy. Growth ...

 

Syria

Will Syria Return to Arab League? Middle East Nations Show Support as Donald Trump Set to Pull U.S. Troops Out

Shortly after the outbreak of a 2011 rebel and jihadi uprising, Syria was expelled from the 22-member gathering of majority-Arab nations known as the Arab ...

 

Iran

Iran to send warships to the Atlantic, closer to U.S. waters

Iran’s navy has extended its reach in recent years, launching vessels in the Indian Ocean and the Gulf of Aden to protect Iranian ships from ...

 

Turkey

Turkey seeks nearly 150 arrests over Gulen ties: report

urkish police on Friday launched nationwide raids to detain nearly 150 people, including military personnel, suspected of ties to the group blamed for the 2016 ...

 

Sudan

Protesters call on Sudan’s President Bashir to step down

Protesters have gathered in the Sudanese city of Omdurman to call for an end to the nearly 30-year rule of President Omar al-Bashir. The BBC's Mohamed ...

 

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