Saudi source gives more detail on crown prince’s dismissal
A source close to Saudi Arabia’s rulers has given further details of how Mohammed bin Nayef, the former crown prince, was summarily removed from his post last month. MbN, as Continue Reading
Iran skips opportunity to upset nuclear deal over U.S. sanctions: sources
Iran decided on Friday for the second time since January not to upset its nuclear pact with six world powers, two informed sources said, despite public statements by Tehran accusing Continue Reading
Saudi Arabia security agencies revamp sparks further intrigue
Saudi Arabia’s King Salman bin Abdulaziz has overhauled the kingdom’s security agencies, further concentrating power in the hands of the king and his son, the youthful crown prince Mohammed Bin Continue Reading
IMF: Saudi’s Oil GDP To Fall 2% On Back Of OPEC Cuts
The International Monetary Fund expects Saudi Arabia’s oil gross domestic product (GDP) to fall by 1.9 percent this year as the OPEC leader commits to implementing the bloc’s production cuts. Continue Reading
Venezuela opposition congress to name parallel Supreme Court judges
Venezuela’s opposition-led congress said on Friday it will appoint 13 alternative judges to the country’s Supreme Court, whose current pro-government members have been a bedrock of support for leftist President Continue Reading
U.S. impact possible with Venezuelan oil ban
There could be impacts for U.S. oil refiners if Washington takes a tough line on Venezuelan President Nicolas Maduro’s crackdown on his opponents. File photo by Cristian Hernández/EPA. July 21 Continue Reading
U.S. oil drillers cut rigs for second week since January: Baker Hughes
(Reuters) – U.S. oil drillers cut rigs for a second week since January as crude prices have declined in recent months despite an OPEC-led effort to cut production and end Continue Reading
Stakes for Exxon in Sanctions Case Go Far Beyond a $2 Million Fine
The $2 million fine that the Treasury Department levied on Exxon Mobil this week for violating sanctions against Russia is just a sliver of the oil company’s $7.8 billion in Continue Reading
U.S. Oil Rig Count Falls By 1 As Canada Adds 15 Rigs
The number of active oil rigs in the United States fell this week by 1 rig—it’s second loss in four weeks, and its third loss this year—in a sign that Continue Reading
Dominion’s Atlantic Coast gas pipeline clears key environmental hurdle
Dominion Energy’s Atlantic Coast natural gas pipeline Friday received a broadly favorable environmental impact statement from Federal Energy Regulatory Commission staff, marking a major milestone for the 600-mile, 1.5 Bcf/d Continue Reading