June 16, 2021

Saudi Arabia using the ‘oil weapon option’ could cause prices to soar to $150

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By Gina Heeb From Business Insider There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince.   After the US threatened sanctions against Saudi Arabia, the oil-rich country seemed to hint at its ability to hit back through the energy market.  […]

Trump demands answers from Saudis about missing writer

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From Newsmax President Donald Trump said Wednesday the U.S. is “demanding” answers from Saudi Arabia about the disappearance of a well-known Saudi writer and government critic Turkish authorities say was slain inside his country’s diplomatic mission in Istanbul. Trump said he plans to invite to the White House the fiancée of Jamal Khashoggi, a writer […]

Man arrested in Saudi Arabia for having breakfast with woman

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From Guardian UK Saudi authorities have arrested an Egyptian hotel worker who appeared in what officials described as an “offensive” video eating breakfast with a female co-worker. The footage – which was filmed by the man and showed the pair sharing a meal at a desk and joking together – sparked outrage on social media […]

Why the Muslim world isn’t saying anything about China’s repression and ‘cultural cleansing’ of its downtrodden Muslim minority

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By Alexandra Ma From Business Insider Muslim countries have been silent over China’s crackdown on its Uighurs, a Muslim-majority ethnic minority in the country’s west. Experts and activists say it is because countries fear economic retribution from China. Many also say it’s because many Arab states also have poor human rights records, and don’t want […]

Saudi cuts oil output as OPEC points to 2019 surplus

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From Newsmax OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. In a monthly report, the Organization of the Petroleum Exporting Countries said the world will need 32.05 million barrels per day […]

Iran threatens to stop Hormuz oil exports if own crude cut

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Iran will stop oil exports from the Strait of Hormuz, the world’s most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation, a Revolutionary Guards official said. “Any hostile attempt by the U.S. will be followed by an exorbitant cost for them,” said Esmail Kowsari, deputy commander of […]

OPEC OKs modest oil-output hike as Saudis, Iran compromise

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From Newsmax OPEC is said to have deal in principle with Iran for output hike OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs. But the agreement failed to announce […]

Inside Saddam Hussein’s megayacht

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Inside Saddam Hussein’s $100-million 82-metre megayacht From Hello Monaco Basrah Breeze was built in 1981 by Danish shipyard Helsingor Vaerft for then president of Iraq Saddam Hussein and was launched as Qadissiyat Saddam (the name is a reference to a 7th century battle in which Arabs triumphed over Persia). The yacht’s current captain – Hussein […]

Saudi Arabia might not be able to afford its multibillion dollar mega-projects

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By Irina Slav, OilPrice.com From Business Insider Saudi Arabia has invested in a flurry of multi-billion dollar projects. Most people think it is an extremely rich nation that can afford these projects, even without its oil giant Aramco. But that may be far from the reality — a list of challenges against the country’s budget […]

OPEC’s new price hawk: Saudi Arabia seeks $100 oil

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From Newsmax Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is within sight. The Organization of the Petroleum Exporting Countries, Russia and […]