Saudi “Deep State” Prince Bandar Among Those Arrested In Purge
According to a new report by Middle East Eye , Prince Bandar bin Sultan – Saudi Arabia’s most famous arms dealer, longtime former ambassador to the US, and recent head Continue Reading
OPEC, NOPEC Agreement ‘Unlikely’ to Emerge in November Meeting
The chances of a coordinated statement between OPEC and its non-OPEC partners on an extension of production cuts is ‘increasingly unlikely’. The chances of a coordinated statement between OPEC and Continue Reading
Saudi Arabia to cut crude exports by 120,000 barrels per day in December
DUBAI (Reuters) – Saudi Arabia plans to cut crude exports by 120,000 barrels per day (bpd) in December from November, reducing allocations to all regions, a spokesman for the energy Continue Reading
Kingdom Of Fear: Saudi Arabia On Lockdown
Events in Saudi Arabia are unfolding at a blinding pace, with a radical shift taking place within the upper echelons of government. Last weekend, King Salman announced the set-up of Continue Reading
Scores more Saudis detained in $100 billion corruption sweep
Dozens of more people have been taken into custody by Saudi authorities, the kingdom said Thursday, bringing to 201 the number detained in a sweep that investigators say has uncovered Continue Reading
Is Saudi Arabia Lying about Its Oil Inventories?
Saudi Arabia’s reports about declining crude oil inventories were instrumental in the buildup of trust on the market that OPEC’s—and the Kingdom’s specifically—efforts to rebalance crude oil’s fundamentals were working. Continue Reading
Saudi Aramco signs engineering and construction deals worth $4.5 billion
Saudi Aramco signed agreements on Thursday worth $4.5 billion with firms from Europe, the United States, China and the United Arab Emirates for work on a range of oil and Continue Reading
Arrests of Saudi media moguls raise ownership fears
Among the 200 princes, businessmen and senior officials arrested in Saudi Arabia’s sweeping anti-corruption crackdown are the two most important media moguls in the Arab world, potentially giving the kingdom’s Continue Reading
Oil Tycoons Make Billions In Saudi Purge
Oil tycoons are applauding Saudi Arabia’s recent anti-corruption raid, which has boosted the net worth of the world’s 21 largest oil tycoons by $1.4 billion, according to Bloomberg. The boost Continue Reading
With Saudi Arrests, Crown Prince Shows He Can Force Change. But It’s Not Democracy
The Saudi prince behind the weekend’s unprecedented arrest of high-level Saudi officials and businessmen is known as young and brash, and has even been called reckless. He is also known Continue Reading