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Saudi Aramco to renegotiate some contracts on low oil price -CEO
Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday, stressing the top crude exporter will not single handedly balance the global oil market.
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Oil jumps as Saudi king’s death feeds market uncertainty
Oil prices rose on Friday after the death of Saudi Arabia's King Abdullah added more uncertainty to an oil market that has more than halved over the last six months. King Abdullah bin Abdulaziz died early on Friday and his brother Salman became king of the world's top oil exporter.
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Israel on high alert for possible Hezbollah retaliation
Israel is on high alert for possible attacks from the Lebanon-based militant group Hezbollah following an airstrike on Hezbollah fighters in Syria, Israeli defense officials said Tuesday. Israel has boosted deployment of its "Iron Dome" anti-missile aerial defense system along its northern frontier, which borders Lebanon and Syria, and has increased surveillance activities in the area, the officials said. Israel's Security Cabinet is scheduled to meet to discuss a potential escalation in violence, they said.
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Charlie attack raises stakes for Saudi Arabia in flogging case
(Reuters) - Saudi Arabia's ruling family is coming under pressure from Western countries over its weekly flogging of writer Raif Badawi for "insulting Islam", but it appears more worried about the risk of offending domestic conservatives if it lets him off.
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Saudi women seek their rights in real estate ownership
Saudi women demanded the Ministry of Housing form a higher committee to directly tackle issues they face in the real estate industry.
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Opinion: If Cyberattacks Are Terror, Who’s the Biggest Terrorist?
Rather than misapplying the existing policy tools or diminishing the physical harm and psychological toll of terrorism, Congress should reexamine what new legislation is required to prevent or counter significant costly or damaging cyberattacks. If malicious cyberattacks are considered terrorism, this will result in a default categorization of the United States and many of its allies as sponsors of terrorism. Obviously, it’s highly unlikely that the Secretary of State would designate the United States or its allies as such.
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Saudi guards killed in attack on Iraq border
No group has claimed responsibility. However, Saudi Arabia has joined the US-led coalition against Islamic State (IS) and its warplanes jets are conducting air strikes on the jihadist group's positions in Syria, along with three other Arab states.
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Saudi Aramco said to suspend $2bn clean fuels project
The Ras Tanura clean fuels project, including a naphtha hydrotreater, was to be part of a second phase of upgrades to Aramco's refineries, and was originally due to go on stream in 2016.
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Driving Riyadh – Part Three King of the Wadi
I’ve lived in Dhahran, Jeddah and Riyadh, and if you really love to drive in the desert, Riyadh is your only choice. Within an hour, you can visit stony plains as far as the eye can see, traverse pristine, golden sand dunes, tour the craggy cliffs of the Tuwaiq Escarpement or the quiet canyons of Wadi Hanifa, the pools of Al Kharj or head north to Buraidah. You can drive for hundreds of miles in any direction without a fence or obstruction of any kind. At any time you can stop, turn off your engine and step out into a silence that has always been there.
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Oil Advances as Traders Weigh U.S. Recovery With Saudi Policy
Oil rose for the second time in three days before a report that may show the U.S. economy expanded more than previously estimated last quarter. West Texas Intermediate climbed as much as 2.9 percent in New York, paring this year’s decline to 43 percent while Brent gained in London. The U.S. economy expanded 4.3 percent in the third quarter from a year earlier, a Bloomberg News survey shows. Saudi Arabia, OPEC’s biggest producer, doesn’t plan to pump less “whatever the price is,” Oil Minister Ali Al-Naimi told the Middle East Economic Survey yesterday.
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