Category: Saudi Arabia

At last, Saudi Arabia seems to be doing what it takes to reduce the world’s most visible oil glut: the one in the U.S. Unfortunately, its renewed vigor comes as Continue Reading

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

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

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

Authorities on Thursday announced an order from Saudi Arabia’s King Salman bin Abdulaziz to arrest a royal prince, on charges he assaulted at least four residents of Riyadh. Salman issued Continue Reading

Saudi King Salman on Thursday ordered the creation of a new cabinet-level security apparatus to handle a range of matters including counter-terrorism that were previously under the aegis of the Continue Reading

Saudi Arabia has been progressively reducing its bloated domestic stocks of crude in a sign the global oil market is rebalancing, albeit more slowly than OPEC anticipated. Saudi Arabia’s domestic Continue Reading

The news comes as the KSA pressures the United States and Asian countries to lower their domestic inventories and buy new crude supplies, ending the current glut that is keeping Continue Reading

After a wakeful night confined to a Mecca palace lounge, Saudi Arabian Crown Prince Mohammed bin Nayef emerged into a marble-walled room the morning of June 21. The 57-year-old prince Continue Reading

On Tuesday June 21 Mohammed bin Nayef, a powerful figure in Saudi Arabia’s security apparatus for the past two decades and the next in line to the throne, was summoned Continue Reading