This tag is associated with 26 posts

Oman’s 2016 Geopolitical Chessboard: A Discreet Actor In The Middle East

Discreet, the Sultanate of Oman becomes more and more a  “pragmatic foreign policy actor” to consider  in the Middle East. But how the Sultanate’s past present and future political choices could affect its territory and the whole region?

Saudis Predict $29 Oil Price In 2016

Saudi Arabia’s 2016 budget is allegedly based on an average crude price of about $29 per barrel, Bloomberg reports, quoting Riyadh-based Jadwa Investment. On Monday, Riyadh posted its next budget for next year that will see a $36 billion cut in spending, based on a $87 billion deficit. As of 8am GMT, Brent benchmark was … Continue reading

Gulf States Are Expected To Lose $275bn In Revenue This Year Due To Falling Oil Prices

The crude exporting countries of the Gulf Cooperation Council (GCC) are expected to lose $275 billion in revenue this year due to falling oil prices, according to the International Monetary Fund (IMF) chief Christine Lagarde, RT reports. Speaking at a meeting in Qatar with the finance ministers and central bank governors of the GCC she … Continue reading

Low Oil Prices, Conflict Weigh On Middle East’s Prospects

Region to see modest growth this year, amid rising uncertainty Oil exporters face fiscal challenge and need to diversify their economies Oil importers see gains, but should seize opportunity provided by low oil prices to enact needed reforms The Middle East, North Africa, Afghanistan, and Pakistan region as a whole continues to see subdued growth, … Continue reading

Oh Oil, Where Is Thy Peak?

There are two great myths used in recent years to convince the world of imminent catastophe unless we drastically change our living style in the direction of austerity. Both myths are based on scientific fraud and uncritical propagation by sympatheic mainstream and even some alternative media. One is the idea that world climate is warming, … Continue reading

Arab Gulf States Can Outlast Low Oil Prices, But Expect Foreign Policy To Shift

By David Mednicoff What might decreasing oil revenues mean for the Persian Gulf oil states? With low crude prices, high supply and global economic challenges, it is natural to wonder whether the level of dependence on petrodollars by Saudi Arabia and the other Gulf Cooperation Council (GCC) countries bodes ill for their future. Perhaps the most … Continue reading

Will The Discovery Of Huge Amounts Of Oil In Israel Lead To War In The Middle East?

By Michael Snyder Billions of barrels of oil have been discovered in Israel, and this discovery could essentially make Israel energy independent for many decades to come.  But there is just one problem.  This discovery was made in the Golan Heights.  If you are not familiar with the Golan Heights, it is an area that … Continue reading

A Network Of Russian Veins Of Influence : Gas Pipelines Of The European Continent

By South Front Global Research, August 22, 2015 , Companies’ sources (data from websites accordingly) and EIA.   Natural gas has limited and expensive transport options. As a result, natural gas pipelines are constantly used as a tool of  political pressure and bargaining. One of the most notable battlefields is the European continent, where Russia has exerted … Continue reading

Saudi Arabia Is Running Out of Money Faster Than Anyone Expected

Saudi Arabia may have a budget deficit of 19.5% of GDP this year unless it rapidly changes course and accommodates the new, cheap oil world, according to the IMF. Alas, the Kingdom has almost zero short term incentive to do so. A generous social contract rapidly fraying Saudi Arabia’s Kingdom is topped by the wealthy Saud … Continue reading

Crude Down On Goldman Gloom, Saudi Stubbornness & Global Glut

Oil prices dropped over two percent on Friday, following Goldman Sachs predictions of crude at $20 a barrel due to global oversupply. Saudi Arabia, the world’s largest oil producer, added to the pressure, dismissing OPEC’s emergency summit, which was aimed at stopping crude’s slide. October Brent fell $1.03 to $47.86 a barrel in Friday’s trading … Continue reading

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