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CITI: Oil's most important meeting in decades is 'all about nothing'
"Doha is only relevant if there is no agreement"— that's the view of analysts at Citi in a note circulated to clients on FridayThe world's biggest oil producers will meet in the Qatari capital on...
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Here's the biggest unknown for 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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Saudi Arabia says it can flood the oil market with over 1 million extra...
Saudi Arabia says it can flood the market with a lot more oil.Immediately.Deputy Crown Price Mohammed bin Salman said The Kingdom could increase output to 11.5 million barrels a day right away, and up...
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Saudi Arabia is ramping up its oil production
Oil prices surged this week on the back of falling U.S. oil production and the growing rumors that the Doha summit between OPEC and Russia could end up with a successful deal.According to Russia’s...
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Saudis threaten to sell $750 billion US assets if Congress passes bill that...
Saudi Arabia threatened to sell up to $750 billion worth of US assets held by the Kingdom if Congress passes a bill that would allow the Saudi government to be sued over 9/11, reports The New York...
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The US moved 9 Yemeni prisoners from Guantanamo Bay to Saudi Arabia
WASHINGTON (Reuters) - The United States on Saturday transferred nine Yemeni men to Saudi Arabia from the U.S. military prison at Guantanamo, including an inmate who had been on a hunger strike since...
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The biggest oil meeting in decades went nowhere because Iran stayed home
Oil-rich nations at a Qatar summit failed to reach an agreement Sunday on a production freeze, saying officials needed "more time" to make the decision as Iran stayed home and vowed to keep pumping.The...
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NO DEAL: Saudi Arabia demands Iran join the oil production freeze
The much-anticipated meeting to freeze global oil production in Doha over the weekend has ended without a deal after Saudi Arabia demanded that Iran join the freeze.Signs emerged late last week that...
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Oil is getting obliterated
Any hopes that oil prices will return to the triple-digit highs of 2014 were just killed off.Oil prices are being annihilated on Monday after several oil producers, responsible for almost half of the...
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Here's the hilarious last-ditch effort oil officials made to reach an...
Oil producing nations failed to reach an agreement on global production at this weekend's highly-anticipated meeting in Doha, Qatar. In the wake of the failed talks, the core disagreement seems to have...
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'The pain is set to deepen' for most of OPEC's 13 members
Talks in Doha concluded without a deal.But while a few OPEC members can continue waiting out the lower-for-longer environment, others are on the brink of disaster."With the Doha meeting ending in a...
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A major global oil deal was ruined by an event thousands of miles away
It was supposed to be the easiest deal ever reached among key oil market players, a mere formality.Eighteen countries were gathering in the Qatari capital of Doha to rubber-stamp the first joint...
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Why the US and Saudi Arabia still need each other
The relationship between Saudi Arabia and the United States has been deteriorating since 2000 due to serious and fundamental differences on Israel, democracy, Iran, and other issues.President Barack...
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A huge power struggle in Saudi Arabia threatens to dismantle an oil-price...
The power struggle between Saudi Arabia's royalty and the technocrats is hurting oil prices.The person at the centre of this struggle is the 30-year-old deputy crown prince, Mohammed bin Salman.Prince...
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This chart from Deutsche Bank shows how the world's most important assets...
2016 has been something of a mixed year when its comes to the performance of major assets.Gold and oil have witnessed huge rallies since the chaos of the year's first few weeks, while equities in Asia...
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'Doha confirms we are now in the new normal'
The Doha meeting ended just as analysts were expecting: Basically nothing changed.The Saudis reiterated that they wouldn't freeze production unless others — read: Iran — did, too. Meanwhile, Iran...
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Oil is getting pounded because Middle Eastern workers have stopped striking
The price of oil is tumbling on Wednesday after the return of Kuwaiti oil labourers to work, and higher than expected US oil inventories led to renewed concerns about oversupply in the markets...
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The world is awash in American weapons, but what good has it done?
In 1984, tensions were ratcheted up in the Middle East as Iranian F-4 jets flew into Saudi airspace.Alarmed over this encroachment by its regional antagonist, Saudi Arabia deployed F-15s and two of...
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These are the world's most heavily contested seas
The world is ultimately linked by its bodies of water. Global trade relies upon open navigation of the water ways and easy access around the globe.However, the following seas have had their fair share...
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Obama is pushing the US's Gulf allies to step up their contributions in Iraq
RIYADH, Saudi Arabia (AP) — With fresh friction wearing on an old alliance, President Barack Obama pressed Saudi Arabia and Persian Gulf nations on Wednesday to step up efforts to defeat the Islamic...
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