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Saudi Arabia is pumping out oil at a record pace to gain leverage
Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal talks on a possible production freeze,...
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There are 4 key reasons why oil has officially re-entered the bull market
Oil prices are at an 8-week high, with a host of factors creating the perfect environment for the commodity to re-enter the bull market.Brent oil is still hovering above the $50 per barrel mark while...
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Oil is getting crushed
Oil prices are diving Monday morning in response to a downbeat note from Morgan Stanley.UK Brent was down 2.83% to $49.44 a barrel as of 1 p.m. BST (8 a.m. ET):Crude oil was down 2.67% to $47.80:The...
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Oil prices are falling down a hole for one major reason
Oil prices are slipping downward because the market is still oversupplied, according to analysts.Crude oil fell by over 1% on Tuesday, below $47 a barrel, after already tumbling by nearly 3% the day...
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Saudi Arabia is facing a 'squeeze'
Saudi Arabia has a new problem to worry about: borrowing costs.A bunch of ugly warning signs have been bubbling up in Saudi Arabia lately.The Saudi economy grew at just a 1.5% clip in the first...
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Oil spikes on report Yemeni missiles hit Saudi Arabia's oil facilities
(Reuters) - Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.Yemeni forces have fired ballistic missiles at the facilities belonging to...
View ArticleMicrosoft's Bing got in trouble after it translated the Arabic word for...
Microsoft was forced to apologize after it came out that if you asked Bing to translate "Daesh," the Arabic word for ISIS, it would come back with "Saudi Arabia" in English.Needless to say, Saudi...
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More ugly warning signs are popping up in Saudi Arabia
A bunch of warning signs have bubbled up in Saudi Arabia's economy over the past few months.The Saudi economy grew by just 1.5% in the first quarter compared with the year before — its slowest rate...
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Investors are going crazy for Saudi Arabian debt
Investors are going wild for Saudi Arabian debt, with the country seeing "massive, massive demand" for its first ever international debt issuance, according to a report from the Financial Times.Saudi...
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Saudi Arabia's oil industry has an overlooked risk
Last week, a rocket originating from Yemen hit a power-relay facility in southern Saudi Arabia, the state-run Saudi Press Agency reported, as was cited by Bloomberg.Yemeni rebels said they hit Saudi...
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Saudi Arabia is making major moves to cope with low oil prices
DUBAI (Reuters) - Saudi Arabia's top sovereign wealth fund is negotiating to buy a stake in one of the kingdom's most ambitious real estate projects as Riyadh restructures the economy to cope with low...
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Oil went nuts after Russia and Saudi Arabia talked about freezing output
The price of oil went crazy on Monday morning as investors around the world reacted to confirmation that Saudi Arabia and Russia have held talks about the future direction of oil policy.At a press...
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Saudi Arabia just dropped an important signal on an OPEC deal
Expectations for the success of the upcoming OPEC meeting in Algeria continue to seesaw, with comments from top officials from member countries continuing to alter oil market sentiment.As recently as a...
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Brent crude prices steady after rise on Russia-Saudi pact
TOKYO (Reuters) - Brent crude prices were steady on Tuesday, holding most of their gains from the previous session when top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil...
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The Russia-Saudi oil cooperation is actually a sign of 'extreme economic duress'
Saudi Arabia and Russia agreed on Monday at the G-20 summit in China to cooperate on oil and to create a "working group" to stabilize markets. This comes just weeks ahead of the informal oil talks to...
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US and Russia finally have a plan for peace in Syria, but Syrian opposition...
LONDON (Reuters) - Syria's main opposition negotiating group would reject any deal struck by Russia and the United States on Syria's fate that was very different from its own proposed transition plan,...
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Here are the winners and losers in just about every economic scenario we can...
There hasn't been a great deal going on in recent weeks.The global economy is humming along, and the wild market swings we've seen over the past 12 months have been notable by their absence. Still,...
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Saudi Arabia and Iran in war of words before the hajj, where hundreds were...
MECCA (Reuters) - Saudi Arabia's top religious authority said Iran's leaders were not Muslims, drawing a rebuke from Tehran in an unusually harsh exchange between the regional rivals over the running...
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Report: Obama administration arms sales offers to Saudi Arabia top $115 billion
WASHINGTON (Reuters) - US President Barack Obama's administration has offered Saudi Arabia more than $115 billion in weapons, other military equipment and training, the most of any US administration in...
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US House to vote on legislation giving 9/11 victims' families permission to...
The U.S. House of Representatives will vote this week on legislation that would allow the families of Sept. 11 attack victims to sue Saudi Arabia's government for damages, a House leadership source...
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