Friday, 16 February 2018 Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's better to burn out than fade away'). Al-Falih has gained a great deal of credibility over the last three-quarters of a year by outlining Saudi's next move in terms of exports, then following through on it. We should therefore take heed from his latest comments. Al-Falih also signaled that the kingdom will…
On Sunday, Saudi Arabia welcomed a draft United Nations resolution, that would condemn Iran for failing to stop its balistic missiles from falling into the hands of a Yemen terrorist organization. Saudi Arabia said it would help hold Iran accountable for its “exports of ballistic missiles” to the...
The US Senate delivered a rare double rebuke to President Trump on Saudi Arabia, voting to end U.S. military support for the war in Yemen and blame the Saudi crown prince for the murder of journalist..
The U.S. Senate voted on Wednesday to move ahead with a resolution to end U.S. military support for the Saudi Arabian-led coalition in the war in Yemen and lawmakers vowed to push for sanctions against..
Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to... OilPrice.com - MarketsAlso reported by •Reuters
Saudi Arabia bet that it could defy the U.S. when it pushed for oil production cuts at the OPEC+ meeting, gambling that President Trump would not lash out in... OilPrice.com - MarketsAlso reported by •Reuters
The U.S. Senate delivered a rare double rebuke to President Donald Trump on Saudi Arabia on Thursday, voting to end U.S. military support for the war in Yemen... Reuters - Front PageAlso reported by •RTE.ie