Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the detainees to pay for their freedom, say people briefed on the discussions. Continue Reading
India’s imports of African crude oil in October plunged to their lowest in over four years, with the world’s No.3 oil consumer increasingly turning to cheaper supplies from the United Continue Reading
Gas field facilities have been ravaged and booby-trapped by IS militants, and tensions are mounting between rival security forces. Iraqi federal forces have secured the Akkas gas field and its Continue Reading
Saudi Arabia’s sweeping anti-corruption purge should be viewed “very positively” by potential investors in Saudi Aramco as a sign the kingdom is committed to economic reform, according to the chief Continue Reading
Now, after half a century as a net importer, the U.S. is poised in the coming decade to become a net exporter, as imports from historic sources decline and demand Continue Reading
For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar Continue Reading
All data is through October 2017 and is in thousand barrels per day. (Click to enlarge) I have now included Equatorial Guinea although I only have data from January 2015 Continue Reading
RIYADH, Saudi Arabia — With the tacit backing of his father, Saudi Arabia’s 32-year-old crown prince has established himself as the most powerful figure in the Arab world, rushing into Continue Reading
Tax revenue generated from the sale of crude oil and oil products increased more than 80 percent from last year, the Central Bank of Iran reported Wednesday. The bank reported Continue Reading
Lebanon’s president on Wednesday accused Saudi Arabia of holding hostage prime minister Saad al-Hariri along with his family – the first time he has explicitly said he was being held Continue Reading
