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Aramco On Lockdown After Houthi Missile Attack

Aramco On Lockdown After Houthi Missile Attack

Saudi Arabia had intercepted a…

Geopolitics / Middle East

OPEC’s Oil Princes Are Fighting For Survival

Feb 01, 2019 at 17:46 | Cyril Widdershoven

The already strained relationship between U.S. lawmakers and two of President Trump’s staunchest supporters, Saudi Crown Prince Mohammed bin Salman and Abu Dhabi’s Sheikh Mohammed bin Zayed, seems to be…

Turkey Stands Firmly Against U.S. Sanctions On Iran

Dec 24, 2018 at 12:29 | ZeroHedge

Following Wednesday's unexpected and dramatic full and "immediate" withdrawal of all U.S. forces from Syria, Turkey has announced it will not play ball on Iran sanctions. According to a translation…

The Battle For Syria’s Oil Region

Dec 24, 2018 at 09:33 | Vanand Meliksetian

The Syrian Civil War has gone through several phases over the course of seven years and it now appears to be entering another one. Government forces have regained control over…

Falling Oil Prices Threaten Saudi Economic Growth

Dec 21, 2018 at 16:55 | Oxford Business Group

In October the IMF revised its forecast for Saudi economic growth in 2018 and 2019, predicting GDP would increase by 2.2 percent and 2.4 percent, respectively, up on the 1.9…

Saudi Arabia Can Outwait The Khashoggi Crisis

Dec 13, 2018 at 11:52 | Global Risk Insights

On 10 November 2018, Turkey shared with Western and Saudi officials the audio recording that proved Saudi Arabia was responsible for the murder Washington Post columnist Jamal Khashoggi on October 2nd.…

Saudi Arabia’s Biggest Geopolitical Error

Dec 10, 2018 at 14:08 | Gregory R. Copley

War is inherently risk-intense, and therefore is not by any to be entered into unadvisedly or lightly. The more comprehensive the engagement the less predictable the outcome. So it is…

Qatar Looks To Revitalize Trade Amid Embargo

Nov 29, 2018 at 12:01 | Oxford Business Group

On November 7 Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the deputy prime minister and minister of foreign affairs, announced that Doha was looking to expand trade and investment…

How Much Does The U.S. Spend On Defending Global Oil Supplies?

Sep 24, 2018 at 13:39 | Tim Daiss

President Trump’s insistence that the U.S. is unfairly shouldering the cost of protecting global sea shipping lanes for major oil producing nations received a new boost last week. A report…

Saudis Expand Mining Sector As Part Of Diversification Push

Sep 21, 2018 at 16:50 | Oxford Business Group

Mining grew by 6.3 percent year-on-year (y-o-y) in the first quarter of 2018, according to data issued by the General Authority for Statistics on July 2. Coupled with expansion in…

Is A New Crisis Brewing In The Saudi Royal Family?

Sep 07, 2018 at 17:11 | Cyril Widdershoven

Major changes are never going without instability, conflict and possible crisis. Saudi Arabia’s dramatic change to diversify its economy away from an oil-based rentier state status is not going as…

Washington Announces Sanctions On Syrian Oil Industry

Sep 07, 2018 at 09:11 | Irina Slav

The U.S. Department of Treasury announced sanctions against five Syrian companies and four individuals on allegations of facilitating crude oil shipments and financing to the Assad government, Reuters reports,…

Iraq Is Facing A Major Internal Crisis

Sep 05, 2018 at 15:33 | Cyril Widdershoven

Despite the fact that production and export figures presented by Iraqi sources are showing a significant improvement, optimism should be tempered. Iraq continues to head towards a major showdown between…

Houthis Claim Successful Attack On Aramco Oil Facility

Sep 04, 2018 at 09:12 | Irina Slav

Yemen’s Houthi rebels have claimed a successful attack on an unidentified oil facility of Saudi Aramco in Jizan, according to a report in Iranian state news agency IRNA. The…

Iranians Are Turning To U.S. Dollars To Offset Sanctions

Aug 29, 2018 at 16:53 | Tim Daiss

In a development that must be hard to stomach for the political elite in Tehran, many Iranians are turning to U.S. dollars to offset the impact of sanctions and a…

Iran Claims It Has Full Control Over The World’s Most Important Oil Chokepoint

Aug 29, 2018 at 11:23 | Tsvetana Paraskova

As the first round of U.S. sanctions on Iran kicked in earlier this month and the second round of sanctions—including on Iranian oil exports—is set to snap back in early…

Warship Or Oil Tanker – What Did The Houthis Hit?

Aug 06, 2018 at 12:33 | Irina Slav

Late last month, reports emerged from Saudi Arabia and its Gulf allies that the Yemen Houthi rebels had attacked two Saudi oil tankers in the strait of Bab el-Mandeb,…

Trump vs Iran: A War Of Words

Aug 02, 2018 at 16:12 | Tsvetana Paraskova

The war of words between the United States and Iran has been heating up as the return of U.S. sanctions threatens to take more than 1 million bpd of Iranian…

Israel Threatens Military Response Against Houthi Forces

Aug 02, 2018 at 13:05 | ZeroHedge

Will the war in Yemen become the next battleground in the ongoing Iran-Israel proxy war for the Middle East? The past year has witnessed a more out in the open proxy war between the…

Can Iran Circumvent U.S. Sanctions?

Jul 26, 2018 at 11:29 | Vanand Meliksetian

On August 6th, the first batch of sanctions against the Islamic Republic will go into effect. This includes sanctions on the acquisition of US dollar banknotes by Iran's government, sanctions…

Iran Vows ‘Equal Countermeasures’ If U.S. Tries To Block Oil Exports

Jul 24, 2018 at 08:31 | Tsvetana Paraskova

Iran’s foreign ministry said on Tuesday that Tehran would respond with “equal countermeasures” if the United States tries to block Iranian crude oil exports. “If America wants to take…

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