Clik here to view.
Saudi Arabia is shutting down pilgrimages because of the coronavirus — but...
Saudi Arabia banned all pilgrims due to coronavirus fears on Thursday, but seems reluctant to crack down on those using its brand-new tourist visa.The Saudi foreign ministry banned people undertaking...
View ArticleClik here to view.
The sinister, glowing Saudi orb that Trump touched in a viral moment was...
A photograph of President Donald Trump, the president of Egypt, and the Saudi king touching a sinister-looking glowing orb in 2017 went viral, with many people saying they looked like plotting...
View ArticleClik here to view.
MBS once disguised himself as a policeman and paraded around a mall in Riyadh...
Crown Prince Mohammed bin Salman reportedly once dressed up as a policeman and went to a mall to show off in from of real policemen.The claim is made in "MBS," a new book by Ben Hubbard, a reporter who...
View ArticleClik here to view.
Before and after photos show how coronavirus fears have emptied out some the...
Millions of people visit Mecca and Medina in Saudia Arabia every year for pilgrimages. The region is central to the faith of 1.8 billion Muslims across the world. Saudi Arabia banned visitors amid the...
View ArticleClik here to view.
Saudi Arabia's Crown Prince Mohammed bin Salman had senior members of the...
Saudi Arabia's Crown Prince has arrested three members of the royal family, several news agencies reported. The New York Times said the reason behind the arrests was "unclear."The arrests appear to be...
View ArticleClik here to view.
Oil tumbles 31%, most since Gulf War, after surprise Saudi cuts trigger...
Oil prices slumped the most since 1991 after Saudi Arabia's weekend price cuts sparked a race to the bottom between OPEC, Russia, and the US. Brent crude futures sank as much as 31% to $31.02 per...
View ArticleClik here to view.
Oil is down 21% after its biggest drop in decades following Saudi price cuts...
Oil prices tumbled as much as 34% — the most in decades — between Sunday and Monday.In later trading, prices stabilized to about a 20% decline. The Dow Jones Industrial Average and S&P 500 indices...
View ArticleClik here to view.
The entire US yield curve plunged below 1% for the first time ever. Here's...
Investors bought up US government bonds on Monday in response to the growing coronavirus threat and signs of a brutal price war between oil producers.The entire US Treasury yield curve fell below 1%...
View ArticleClik here to view.
The Middle East is coping with the coronavirus by disinfecting mosques and...
Mosques across the Middle East are being disinfected to help combat the spread of the novel coronavirus.Iran has reported the second most virus-related deaths outside of China.Meanwhile, Saudi Arabia...
View ArticleClik here to view.
Russia and Saudi Arabia's oil price fight shows the world doesn't have what...
The fact that the world is now in an oil price war does not bode well for the fight against coronavirus.That is because fighting coronavirus is going to take global economic cooperation, and the fact...
View ArticleClik here to view.
Oil bounces back from worst day in 29 years amid prospect of US tax-cut stimulus
Oil prices rebounded on Tuesday from steep losses on Monday, the worst day for the commodity since 1991, amid the coronavirus outbreak and an unexpected price war. Brent crude, was up more than 10% to...
View ArticleClik here to view.
The price war in oil escalates as both Russia and Saudi Arabia threaten to...
Russia and Saudi Arabia are preparing for a lengthy oil-price war after OPEC+ negotiations fell through and sparked an all-out sprint for market share.Saudi Arabia escalated the conflict on Tuesday,...
View ArticleClik here to view.
RBC lays out the 3 drastically different ways the oil crash could play out —...
RBC energy analyst Michael Tran says there's an 80% chance US crude oil will finish this year at $40 a barrel or less because of the combination of a price war and a coronavirus-related slump in...
View ArticleClik here to view.
The Obama administration considered asking Joe Biden to mentor MBS but nixed...
When Crown Prince Mohammad bin Salman started rising in the ranks of the Saudi royal family, the Obama administration considered sending an official to mentor him, according to a new book.In Ben...
View ArticleClik here to view.
Saudi Arabia is starting a reckless oil war with Russia — but the US is also...
Russia appears to be the target of the oil war launched by Saudi Arabia this week, but the US, as a net exporter and the world's largest oil producer, should also be considered a target.This attack...
View ArticleClik here to view.
The oil market's threats combine 9/11 with the financial crisis — and could...
A race between Saudi Arabia and Russia to flood the oil market with inventory could push oil prices below zero, Mizuho Securities said Tuesday.Brent crude already trades at its lowest level in 17 years...
View ArticleClik here to view.
I'm a female traveler who spent 3 weeks backpacking around Saudi Arabia — and...
Alex Reynolds has been traveling the world full time for the past four years.In November, she took a three-week trip to Saudi Arabia, prompted by the newly available tourist visa and the relaxed...
View ArticleClik here to view.
'There is potential this could go even lower': Oil prices plunge to 17-year...
Crude oil prices tanked Monday as continued fears over the coronavirus pandemic slammed energy demand. West Texas Intermediate (WTI) the US benchmark dropped below $20 a barrel in Asian trading while...
View ArticleClik here to view.
Saudi Aramco needs cash with oil prices at a 17-year low — and now it may...
Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil-market downturn, Bloomberg reported.The world's largest oil producer is looking to raise capital ahead of its...
View ArticleClik here to view.
A looming glut of unwanted oil will force producers to shut down wells, slash...
The coronavirus pandemic is evaporating global demand for oil at a historic pace. This week, it will be down an estimated 26 million barrels per day — or about a quarter of the total demand last year....
View Article