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Here are five theories on why oil prices are plummeting
The last time crude oil prices spent significant time below $30 a barrel Ben Affleck and Jennifer Lopez were still “Bennifer,” Howard Dean was leading the Democratic primary race and Saddam Hussein had...
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13 of the biggest stories you may have missed this week
There's been no shortage of major stories to break this week. From China's president amassing unseen levels of power since Mao to the Syrian government's ongoing Russia-backed offensive, the news has...
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'This is set to get worse': Saudi Arabia says it has made a 'final' decision...
Saudi Arabia has made a "final" decision to send ground troops into Syria to fight ISIS, the spokesman of the Saudi-led coalition force in Yemen told reporters on Thursday.Brig. Gen. Ahmed Al-Assiri...
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3 reasons OPEC isn’t telling the oil market what it wants to hear
There have been a few whispers of a coordinated cut between OPEC and non-OPEC over the last few weeks.Most recently, on Thursday, the Wall Street Journal's OPEC correspondent Summer Said tweeted: "OPEC...
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Iranian foreign minister: 'Iran and Saudi Arabia can have shared interests in...
MUNICH (Reuters) - Iran and Saudi Arabia must overcome strained relations and work for stability in Syria and the Middle East, Iran's foreign minister said on Friday, a day after Syrian peace talks...
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Saudi Arabia might not be ready to fold just yet
There have been a few whispers of a coordinated cut between OPEC and non-OPEC over the last few weeks.Most recently, on Thursday, the Wall Street Journal's OPEC correspondent Summer Said tweeted: "OPEC...
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Here's the hidden strategy behind Saudi Arabia's oil plan
Do the Saudis have an oil market strategy beyond pumping crude to defend their market share? Are they indifferent to which countries’ oil industries survive?Or, alternatively, are they targeting...
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Secret Saudi Arabia-Russia oil meeting ends: production freeze, but no cut
Saudi Arabia, Russia, Qatar, and Venezuela have agreed to freeze oil production at the level of supply produced in January, dashing oil bulls' hopes of a cut that would have increased prices.The freeze...
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Saudi Arabia Oil Minister: Production freeze will be enough to improve market
DOHA (Reuters) - Freezing oil producers' output will be adequate to improve the oil market, Saudi Arabian Oil Minister Ali al-Naimi said on Tuesday.He was speaking at a news conference after he agreed...
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Here's why the oil production freeze won't be a 'game changer' (USO, OIL)
Saudi Arabia, Russia, Qatar, and Venezuela have agreed to freeze oil production at the level of supply produced in January.But analysts aren't exactly impressed.This "output freeze [is] not a...
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Saudi Arabia's military decisions are puzzling
On February 9, Saudi deputy crown prince and defense minister Muhammad bin Salman visited military units in the southwestern province of Jizan, along the border with Yemen, posing with special forces...
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ANALYST: Saudi Arabia is using the Frank Underwood playbook (USO, OIL)
Saudi Arabia, Russia, Qatar, and Venezuela agreed to freeze oil production at the level of supply produced in January.Most analysts weren't exactly impressed with the news.They argued that this wasn't...
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Oil prices slide after Saudi Arabia's production freeze
Rather than signalling the end of low prices, the agreement among Saudi Arabia, Russia, Qatar, and Venezuela to freeze oil production at January levels has ushered in a new era of sub-$30...
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Here's where each of the 13 OPEC members stand after Tuesday's big production...
Saudi Arabia, Russia, Qatar, and Venezuela have agreed to freeze oil production at the level of supply produced in January.Over the last few months, all eyes have been on Saudi Arabia and Iran, but...
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S&P downgrades Saudi Arabia's debt rating again (USO, OIL)
For the second time in four months ratings agency S&P has downgraded Saudi Arabia's debt rating. On Wednesday S&P cut its rating on Saudi Arabia's debt to 'A-/A-2' from 'A+/A-1.' On October 30,...
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Saudi Arabia is facing a major dilemma
Over the past month OPEC nations and Russia have become increasingly vocal over their concern with the global glut of oil that has led prices to thirteen-year-lows. Financial headlines were consumed...
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Selling Typhoon jets to Saudi Arabia gave BAE a big boost
Saudi Arabia's military service was the main reason for London-listed BAE Systems' jump in sales. BAE released its full-year results on Thursday, showing a 7% rise in revenue to £17.9 billion ($25.6...
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A nervous Saudi Arabia just launched a massive military exercise
Saudi Arabia just launched what it describes as the largest war game in the country's history.On February 14th, the "Northern Thunder" military exercise began, involving troops from 20 countries.Saudi...
View ArticleIAN BREMMER: Ukraine's government will fall apart 'by the end of this year'
Ian Bremmer is the president of Eurasia Group.See more video by Ian Bremmer about oil, the global economy, politics and the news on his Facebook page: www.facebook.com/ianbremmerJoin the conversation...
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Russia and Saudi Arabia's deal to freeze oil production is 'a bunch of bull'
Tuesday, a group of countries that include Saudi Arabia and Russia agreed in principle to freeze oil-production rates. On the surface, this sounds like a good thing. But it’s really just a bunch of...
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