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The Saudis just one-upped Iraq in India
Saudi Arabia has officially become India's top crude-oil supplier.The kingdom in February exported 60% more crude year-over-year and 24% more than in January, trumping Iraq, according to the latest...
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Saudi Arabia can't stop burning through its foreign cash
Saudi Arabia, the Gulf State which is taking a beating from the crash in oil prices, got another chunk of bad news on the state of its economy.In a note released by analysts Simon Williams and Razan...
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Saudi Arabia wants to build a $2 trillion mega-fund — and fundamentally...
Saudi Arabia is planning to create a $2 trillion sovereign wealth fund to reduce the country's reliance on oil and fundamentally change its economy, according to Bloomberg.In an interview with...
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Saudi Arabia will only freeze production if Iran plays ball — and oil is...
Oil prices were sent into freefall on Friday as Saudi Arabia's deputy crown prince gave a strong indication that a price freeze agreement would be difficult to reach.OPEC and other major oil suppliers,...
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Saudi Arabia can't stop burning through its foreign cash
Saudi Arabia, the Gulf State which is taking a beating from the crash in oil prices, got another chunk of bad news on the state of its economy.In a note released by analysts Simon Williams and Razan...
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Donald Trump says NATO countries must 'pay up' or 'get out'
MILWAUKEE (Reuters) - Republican presidential front-runner Donald Trump on Saturday questioned the United States' protective relationship with Saudi Arabia and again accused U.S. allies of not pulling...
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Saudi Arabia wants to fundamentally change its economy — and build a $2...
Saudi Arabia is planning to create a $2 trillion sovereign wealth fund to reduce the country's reliance on oil and fundamentally change its economy, according to Bloomberg.In an interview with...
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Saudi Arabia has a lot of problems
Saudi Arabia’s FX reserves dropped for the 13th consecutive month during February as below oil prices continue to weigh on the Kingdom’s finances. That’s according to a flash research note on the...
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Iran ramped up production massively last month — and oil took a huge dive
Oil took a big dive on Monday morning as Iran announced its latest figures on oil production, and a series of familiar problems weighed on the price of the world's most crucial commodity.Over the...
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Saudi Arabia is going to double its beheading count again this year
Saudi Arabia has executed 82 people so far this year, putting it on course to double the number of executions carried out in 2015. The figure was uncovered by human rights organisation Reprieve who say...
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Saudi Arabia is buying US land to feed its cows
Unable to sustain their own livestock in the desert, Saudi Arabia is scooping up more and more American farmland, with the onus now on drought-stricken U.S. states to raise the crops to feed Saudi...
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Oil prices are jumping on a possible OPEC deal to freeze output
Oil prices jumped on Tuesday night after an awful start to the month.Prices plunged last week after Saudi Arabia's Prince Mohammad bin Salman hinted that the country would only participate in output...
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90% of worldwide executions were carried out by just 3 countries last year
There was a huge increase in the number of people executed last year driven by a sharp escalation in death sentences handed out by Iran, Pakistan, and Saudi Arabia. Figures gathered by human rights...
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Saudi Arabia and Russia might sabotage the 'most important meeting of the...
The actions and intentions of Saudi Arabia and Russia—the two largest oil-producing nations attending the Doha meeting on April 17 — have dashed all hopes of any fruitful outcome. The most important...
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Saudi Arabia is too optimistic about a $2 trillion sovereign wealth fund
Though Saudi Arabia’s plan of a $2 trillion fund exudes power and confidence, raising a megafund of that size is practically next to impossible, unless crude oil prices see a significant appreciation...
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Fitch just downgraded Saudi Arabia (BNO)
The ratings agency Fitch has downgraded Saudi Arabia's sovereign credit rating.In a release Tuesday, Fitch lowered the rating to AA- from AA and maintained its "negative" outlook on the major oil...
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Crude oil pops on report that Saudi Arabia and Russia have agreed to freeze...
Crude oil prices jumped on Tuesday after an Interfax report that Saudi Arabia and Russia reached an agreement on an oil-production freeze.West Texas Intermediate crude futures in New York surged by as...
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Russia just confirmed talks with Saudi Arabia — but oil is diving
The price of oil is sliding Wednesday despite rumours that Russia and Saudi Arabia have agreed to freeze output and confirmation from Russia's oil minister confirming that he spoke with Saudi officials...
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The biggest oil meeting in decades will take place on Sunday — here's what...
Major oil players will be gathering to discuss a potential production freeze on Sunday, April 17, in Doha, Qatar, in what some analysts have called "the most important meeting of the last three...
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We just got an ominous sign ahead of oil's most important meeting in decades
Major oil players will be gathering to discuss a potential production freeze on Sunday, April 17, in Doha, Qatar, in what some analysts have called "the most important meeting of the last three...
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