• 10 hours Oil Prices Rise After API Reports Major Crude Draw
  • 10 hours Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 11 hours Gazprom Speaks Out Against OPEC Production Cut Extension
  • 11 hours Statoil Looks To Lighter Oil To Boost Profitability
  • 13 hours Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 14 hours Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 15 hours Whitefish Energy Suspends Work In Puerto Rico
  • 16 hours U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 1 day Thanksgiving Gas Prices At 3-Year High
  • 1 day Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 1 day South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 2 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 2 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 2 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 2 days ConocoPhillips Sets Price Ceiling For New Projects
  • 4 days Shell Oil Trading Head Steps Down After 29 Years
  • 4 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 4 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 4 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 5 days Venezuela Officially In Default
  • 5 days Iran Prepares To Export LNG To Boost Trade Relations
  • 5 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 5 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 5 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 5 days Rosneft Announces Completion Of World’s Longest Well
  • 5 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 6 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 6 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 6 days Santos Admits It Rejected $7.2B Takeover Bid
  • 6 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 6 days Africa’s Richest Woman Fired From Sonangol
  • 6 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 6 days Russian Hackers Target British Energy Industry
  • 7 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 7 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 7 days Lower Oil Prices Benefit European Refiners
  • 7 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 7 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 7 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 8 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
Can OPEC Control The Oil Bulls In Vienna?

Can OPEC Control The Oil Bulls In Vienna?

The OPEC meeting is now…

When Will Oil Demand Begin To Taper Off?

When Will Oil Demand Begin To Taper Off?

As energy analysts begin announcing…

Russia Wants Saudi Arabia and Qatar to Stop Supplying Weapons to Syrian Rebels

Russia Wants Saudi Arabia and Qatar to Stop Supplying Weapons to Syrian Rebels

Russia is hoping that it can pressure Saudi Arabia and Qatar to halt the help that they are sending to Syrian rebels fighting against President Bashar al-Assad. Assad’s regime in Syria is Russia’s biggest ally in the Middle East and therefore Russia has been shielding Assad as best it can.

Alexei Pushkov, the head of the Russian foreign affairs committee, said that “boats carrying weapons are being dispatched and they are getting financing too because Saudi Arabia and Qatar are paying salaries to members of the Syrian Free Army. Instead of supporting the armed actions of the opposition, we want them to exert a restraining influence.”

In the face of growing opposition against Assad, Russia have no stated that they will no longer insist on him staying in power, and just want to see peace return the region. Although the US have just accused Russia of supplying weapons to the Syrians, with the latest shipment being delivered in a boat owned by the billionaire Vladimir Lisin.

The US are looking to forge a careful approach to removing Assad and replacing him with someone that both sides of the conflict find acceptable.

Saudi Arabia and Qatar have announced their support of the Syrian rebels due to the fact that Syria’s ally Iran is a Shiite nation, where as they are both ruled by Sunni monarchies.

By. Joao Peixe of Oilprice.com

For the latest oil prices visit our homepage.



Join the discussion | Back to homepage

Leave a comment
  • max on May 19 2013 said:
    Russia should be ashamed,they should stop supplying the terrorist Regime and killing innocent civilians. Assad must go,
  • WHAT? on June 12 2012 said:
    'russia has not insisted that Assad stay in power, but that another leader that both sides agree on could replace him' ?

    It is good that Russia is stopping our runaway terrorist US/israeli government from running over yet another country, but 'a leader both sides can agree on'? Would it be fine for another country to come and take out our president? NO. obama is an utter failure but my point is, somebody needs to stop our US military industrial complex. At least Putin is standing up, now, if we can just get our fat, lazy, ignorant citizens to wake up, maybe we can stop this warmonging train wreck, and stop the crime to humanity and the earth of government spraying us with chemtrails - Morgellons.
  • WNDGLP on June 12 2012 said:
    Hmm... Interesting that FUTUREDATABANK*COM is being hit with massive denial requests during this imminent economic collapse while Russia becomes more active in the middle east to distract from the BIGGER picture.

    Putin is no dummy. But the NWO is readying their final assault against freedom in the world with another middle eastern coup using NATO as their blunt force object.
  • Philip Andrews on June 11 2012 said:
    This is a peculiar situation. Saudi is arming rebels in Syria to fight Assad. Those same rebels of the al-Qaeda strain are taking over Yemen and causing Saudi no end of headaches. Saudi money going to the Syrian rebels could easily find its way to anti-Saudi forces in Yemen and within the kingdom.

    In effect Saudi is taking a huge gamble that by financing rebels that it cannot control those rebels among which are Juhadists and MB supporters, will focus exclusively against Assad in Syria and not siphon some of their efforts against Saudi itself.

    Iran could easily trump the Saudis and start paying rebels to switch sides and go against their Saudi and Qatari paymasters. Iran is far more adept at this sort of game than Saudi or the Gulf ststes, which is why Assad has remained in power so long. There is no evidence to suggest Assad will go anytime soon, Western disinformation notwithstanding.

    What is clear is that Syria is in a huge and hugely complex mess that could spill over into any of the neighbouring countries esp. Jordan, Lebanon and Israel. It might even affect th situation in Cyprus and Greece should Greece be obliged to leave the euro and thence descend into chaos...

    In between these two is the issue of who owns the East Med gas fields. That could be affected by these deveopments.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News