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Russia is going to run out of emergency cash by 2018
Russia is going to run out the emergency cash it uses to buoy up its national budget by 2018, if oil prices do not rise soon, says the Higher School of Economics in Moscow.According to analysts cited...
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Iran just tweaked the way it talks about the oil market
Iran gingerly offered some support for an oil production freeze earlier this week — without actually agreeing to join one.Since the lifting of sanctions, Iran has taken a hard stance against any...
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9/11 families could sue Saudi Arabia — unless Obama stops them
In the summer of 2011, Dan Christensen, the editor of a small investigative online newspaper in Broward County, Florida, got a tip about a wealthy Saudi family that had apparently lived in a gated...
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There are 2 OPECs
OPEC production stayed around record highs in August.The 14-member oil cartel saw output fall by about 23,000 barrels per day to 33.2 million in August, according to external sources cited in the OPEC...
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Oil prices are on the brink of another big crash
The price of oil could be set for another substantial drop following news from one of the oil industry's most respected organisations that the global supply-and-demand problem will take longer to clear...
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Saudi Arabia just one-upped the US
Saudi Arabia just one-upped the US.The kingdom is once again the world's largest oil producer, surpassing the US, which had held the title since April 2014, according to the International Energy...
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Here's why Saudi Arabia might play hardball with OPEC (uso)
Recent developments in the OPEC universe have fueled speculation that oil producers might actually be able to agree on something at the informal talks in Algiers, Algeria, set for September 26-28.Most...
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Iran shouldn't be underestimated in 2 key oil markets
China has been one of the biggest oil battlegrounds in recent years, with producers clawing at its coveted market share.Traditionally, Saudi Arabia has dominated the market, but its exports have...
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Amnesty: US bomb used in Saudi-led strike on Yemen hospital that killed 19
Amnesty International says it has evidence that a Saudi-led coalition battling Yemeni rebels dropped a U.S.-made bomb on a hospital, and is calling for a halt to arms sales to the coalition.The...
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Saudi Arabia has arrested three ISIS cells plotting attacks
Saudi Arabia says it has smashed three cells linked to the extremist group Islamic State (IS) and also arrested 17 suspected sympathizers.Fourteen of those arrested are Saudi nationals, including one...
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Saudi Arabia is pumping out more crude oil than ever before
(Reuters) - Saudi Arabia's oil exports rose in July as the kingdom pumped record high levels of crude, keeping the global market well supplied.The world's largest oil exporter has been maintaining high...
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Arab countries' foreign policy ambitions could start hurting their economies
There is a certain irony in the Arab Gulf states’ rising power across the Middle East and North Africa. International prestige, the ability to intervene militarily in regional conflict, and holding the...
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US Senate clears the way for $1.15 billion arms sale to Saudi Arabia
The U.S. Senate cleared the way for a $1.15 billion sale of tanks and other military equipment to Saudi Arabia on Wednesday, defending a frequent partner in the Middle East recently subject to harsh...
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Saudi Arabia has proposed a major compromise to its rival
Saudi Arabia has offered to reduce oil production if its rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the...
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OPEC's weakest members have hit their ‘reckoning point'
OPEC is holding much-buzzed-about informal talks in Algiers next week.And as we wait for the meeting's outcome, it's worth taking a look at how the cartel's members are doing.In a recent report to...
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Obama vetoes bill that would've allowed 9/11 victims to sue Saudi Arabia
WASHINGTON (AP) — President Barack Obama nixed a bill Friday that would have allowed the families of 9/11 victims to sue the government of Saudi Arabia, arguing it undermined national security and...
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Here's everything you need to know about OPEC's big meeting this week
OPEC is holding much-buzzed-about informal talks in Algiers from September 26 to 28.And there's been a flurry of both positive and negative headlines, creating an air of drama in the days leading up to...
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Houthi official in Yemen offers border truce, amnesty
A top official in Yemen's armed Houthi movement on Sunday offered to stop attacks on Saudi Arabia and an amnesty for Yemeni fighters opposing the group if the kingdom stopped air strikes and lifted a...
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The oil crash is causing Saudi Arabia to cut pay by 20%
(Reuters) - Saudi Arabia will cut ministers' salaries by 20 percent and scale back financial perks for public sector employees in one of the most drastic measures yet by the energy-rich kingdom to save...
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14,000 Saudi women are calling on the government to end male guardianship
A Saudi woman has delivered a petition to the government calling for an end to the Gulf kingdom's male guardianship system. The petition has been signed by more than 14,000 Saudi women.Women face...
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