X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 5 hours IS SAUDI ARABIA SENDING A MESSAGE TO BIDEN
  • 1 day America Makes Plans to Produce Needed Rare Earth Minerals Domestically
  • 10 hours Texas forced to have rolling black outs, primarily because of large declines in output from fossil fuel power plants
  • 1 day U.S. Presidential Elections Status - Electoral Votes
  • 3 days Former BP Exec "Biden not in war against oil" . . Really ?
  • 3 days Here we go - again: plug-in hybrids cost motorists more than what they were told
  • 3 days Texas Supply Chain Massacre
  • 1 day Top Conservative Lawyer Says Trump Can Stand Trial
  • 1 day “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 3 days An exciting development in EV Aviation: Volocopter
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Saudi Arabia Cancel Multi-Million Dollar Contracts with Russia

Russia and Saudi Arabia’s opposing stances over the situation in Syria has finally led to action. Saudi business tycoon Mubarak Swaikat has cancelled several multi-million dollar oil and gas contracts with nearly 20 Russian companies in protest against Moscow’s support of Syrian President Bashar Al-Assad’s regime. The decision was made by Swaikat himself without any pressure from the government.

“This is the least that I can do to support our brothers in Syria. The Saudi government and society have already given a shining example of selflessness and donations to make their Syrian brethren happy and support them in their time of need,” he said.

Saudi Arabia and Russia have clashed a few times over the conflict in Syria, with Russia even stooping as low as trying to claim that the Arab kingdom was “supporting terrorism in Syria.”

Saudi Arabia was quick to reply, stating that “the Russian accusations are based on wrong assumptions repeatedly voiced by the media of the Syrian regime and rejected by the international community.”

“The Ministry of Foreign Affairs strongly rejects and condemns such irresponsible accusations that distort the true position of the Kingdom, which has been keen on addressing the Syrian crisis according to the international legitimate conventions and through the UN Security Council, the body responsible for international security and peace.”

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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