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Oil is finishing the week on a massive roll
Oil prices are finishing the week in an upbeat mood on Friday, despite unresolved oversupply issues following a big meeting in Doha.The world's biggest oil producers convened last Sunday for crisis...
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One chart shows how the world's most important assets have performed in 2016
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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Saudi Arabia just announced its plan to diversify away from oil
RIYADH — Saudi Arabia's cabinet has agreed to implement a broad reform plan known as Vision 2030, which is expected to involve sweeping change to diversify the country's economy beyond dependence on...
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Obama is going to leave behind a giant mess in the Middle East
What a dismal week in the Middle East for the Obama administration. In the course of a couple of days, the partial ceasefire in Syria began to fray, the peace talks in Geneva turned stony, and the...
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Here's the real reason oil's most important meeting in decades was a complete...
Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason. The Russians and others agreed to proceed without Iran, planning to...
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Saudi Arabia's plan to fix its oil 'addiction' doesn't go far enough
Saudi Arabia says it wants to minimize its dependence on oil.In an interview with Al Arabiya news, Deputy Crown Prince Mohammed bin Salman unveiled the Vision 2030 plan, which aims to curtail the...
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A millennial has taken over Saudi Arabia's oil policy and people have serious...
Saudi Arabia is desperately trying to diversify its economy away from oil, and the person pulling the strings is 30-year-old Deputy Crown Prince Mohammed bin Salman.King Salman is technically the...
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Inside the incredible journey of millennial Saudi Prince Mohammad bin...
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman has become a very familiar figure to Western economists in the wake of the oil price crisis.Son of the current king of Saudi Arabia, 30-year-old...
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The largest IPO of all-time still won't fix Saudi Arabia's problems
The Saudi Arabian sale of Saudi Aramco is already starting to attract widespread attention after Mohammad bin Salman, deputy crown prince of the Kingdom, indicated that an IPO for the state owned giant...
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Meet the juvenile 'offenders' Saudi Arabia executed in January
"[Those arrested in the raid] were kids, to the extent that some we arrested thought the matter was over and they would return to their families."Speaking directly into the camera in a documentary...
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Russia and Saudi Arabia are battling over a big oil customer
Russia and Saudi Arabia have been (relatively) quietly fighting for market share in China ever since oil prices started their downward spiral in mid-2014—now the battle is heating up, and teapot...
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CIA director: There's no need to release the 28 classified pages of the 9/11...
There's no need to release the classified 9/11 report, and having that information in the public would be unhelpful, CIA director said on Sunday's "Meet the Press" on NBC. CIA Director John Brennan...
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Venezuela can learn something from Saudi Arabia
President Nicolás Maduro has implemented measures such as shortened workday, increased federal holidays and scheduled blackouts in an attempt to reduce energy consumption across the country amidst a...
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A hedge fund manager who called the oil crash thinks Saudi Arabia's economy...
Zach Schreiber, CEO of PointState Capital, is betting against Saudi Arabia."Saudi Arabia is economically unsustainable," Schreiber said at the Sohn Investment Conference Wednesday.The bet is at least...
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Saudi king reshuffles cabinet and reforms ministries
RIYADH (Reuters) - Saudi Arabia's King Salman on Saturday restructured some government ministries and reshuffled his cabinet to appoint new ministers in a series of royal decrees carried on state...
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Saudi Arabia replaces oil minister after 20 years on the job
RIYADH (Reuters) - Saudi Arabia's King Salman on Saturday replaced his veteran oil minister and restructured some big ministries in a major reshuffle apparently intended to support a wide-ranging...
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The oil price rally could be 'sowing seeds of its own destruction'
Oil's had a relatively good year.The commodity's seen a nice rally in light of a weaker US dollar, stronger economic data from China, decreasing non-OPEC production, and a continued rise in demand.In...
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This Saudi millennial just cemented his position as one of the most powerful...
Saudi Arabia is desperately trying to diversify its economy away from oil, and the person pulling the strings is 30-year-old Deputy Crown Prince Mohammed bin Salman.King Salman is technically the...
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The oil crash is causing a massive amount of layoffs in Saudi Arabia
Saudi construction giant Binladin group has laid off tens of thousands of workers, leading to rare protests, as workers torch seven buses demanding compensation as low oil prices begin to bite in...
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London could get a slice of Saudi Arabia's record-breaking $2.5 trillion...
Saudi Arabia is planning a three-way listing that includes London for its state-owned oil company Saudi Aramco, according to the Telegraph.The paper's well-connected international business editor...
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