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RailroadsSaudi Rail signs $4bn deal for Dammam-Riyadh route
Saudi Railways Organisations (SRO) has signed a deal for SR16.02 billion ($4.3 billion) with a branch of China Railway Construction Corporation (CRCC) in Saudi Arabia for the second phase of a main freight route between Dammam and Riyadh which stretches to about 91-km long, said a report.
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U.S. Oil ProductionOil prices crashed, but US output keeps rising anyway. How long can that last?
Indeed, while the recent growth in oil production has been impressive, last week's gain was actually the smallest since January. And the International Energy Agency expects US oil production to plateau sometime in the middle of this year, at least if prices stay around $60 per barrel. (If, say, the ongoing conflict in Yemen causes a surge in global oil prices, it will give a boost to US drillers.)
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War in YemenAmerica, Saudi Arabia, and the Strategic Importance of Yemen
Yemen is a growing reminder of just how important the strategic U.S. partnership with Saudi Arabia really is. It is one thing to talk about the war against ISIS, and quite another to realize that U.S. strategic interests require a broad level of stability in the Gulf and Arabian Peninsula and one that is dependent on Saudi Arabia as a key strategic partner.
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U.S. - SyriaU.S. in contact with Syrian officials on American Austin Tice: official
The United States has been in direct, periodic contact with Syrian government officials to discuss missing American journalist Austin Tice, who disappeared in Damascus in 2012, a senior State Department official said on Thursday.
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Iran NegotiationsIran’s Rouhani intervenes as deadline for nuclear deal approaches
Iran's president spoke with the leaders of France, Britain, China and Russia on Thursday in an apparent effort to break an impasse to a nuclear deal between Tehran and major world powers.
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U.S. - AfghanistanA New Day in US-Afghan Relations, But for How Long?
This was a week to remember for the Afghan hands, so long out of the spotlight as America’s longest war wore on. From the White House to a joint session of Congress to a glittering (for Washington) State Department dinner for Afghan President Ashraf Ghani and Chief Executive Abdullah Abdullah, Washington was filled with the images of a new day and a new set of leaders at the helm in Afghanistan.
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Anti-ISIS Campaign: TikritTikrit Offensive: Iranian General Steps Out, U.S. Steps In
The U.S. agreement to conduct airstrikes to support the Iraqi offensive to retake Tikrit was contingent on Iranian-backed militias pulling out of the operation, the commander of U.S. Central Command said Thursday.
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War in YemenSaudi intervention adds heat to regional cold war
Riyadh appears to be betting that the Iranians will not intervene — forcing the Houthis to the negotiating table. The Saudis have sought to debilitate the rebels’ offensive missile capacity and air defences, establishing their coalition’s aerial superiority over the country. They have also warned ships against landing in Yemen, constraining any Iranian attempts to arm the Houthis.
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War in YemenSaudi-led coalition pounds Yemen with airstrikes a second day
Saudi Arabia, the largest contingent in the intervention dubbed al-Hazm Storm, considers the Houthis to be proxies for the Shiite government of Iran and fear another Shiite-dominated state in the region. "What they do not want is an Iranian-run state on their southern border," CNN military analyst Lt. Col. Rick Francona said of the Saudis.
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U.S. Energy IndustryAnalysis: Stop Propping Up Zombie Oil Companies
Chew on these numbers. U.S. oil and gas companies have $850 billion in outstanding bonds, according to this report from the Bank of International Settlements. That’s out of a $6 trillion total U.S. corporate bond market. This oil and gas indebtedness has surged in recent years, more than doubling since the last oil downturn in 2009. That’s twice the growth rate of overall corporate bond issuance.
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