Saudi Arabia

This tag is associated with 203 posts

Dohaha: Slippery Oil Laughs At Nearly Everyone — Myself Included

By David Haggith, The Great Recession Blog As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.” Doha Disaster Predictable … Continue reading

Russia Benefits From Crude Production Freeze Talks Despite Failure To Reach Deal

Rising oil prices ahead of the production freeze talks in Doha added $3.7 billion to the value of Russian output, according to Bloomberg based on data from the International Energy Agency. Saudi Arabia got a $3.3 billion boost. Even the countries not involved in the talks have benefited from the freeze fuss. The US got … Continue reading

Saudi Arabia Plans To Launch Stock Exchange For SMEs

By James Eugene The Saudi Stock Exchange (Tadawul) announced on Monday that it plans to create a stock market for small and medium sized companies, with the intention of launching this new market at the beginning of 2017.  Given the growing importance that SMEs are displaying for Saudi Arabia’s economy, the Tadawul will be undertaking a “market … Continue reading

Obama’s Chilly Reception In Saudi Arabia Hints At Mutual Distrust

U.S. President’s low-key arrival and meeting with King Salman underscores tension that has deepened over US policy towards Iran and the war in Syria . Barack Obama arrived to a noticeably low-key reception in Saudi Arabia on Wednesday against a background of mutual irritation in a relationship tested by a turbulent Middle East, plummeting oil … Continue reading

Doha Meeting Reveals OPEC’s Inability To Control Global Oil Prices

By Ante Batovic The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec. The oil prices agony continues as major oil producers failed to reach an agreement on production freeze at the long-expected meeting in Doha on April 17. The expectations … Continue reading

Saudis Derail Oil Freeze Deal Over Regional Rivalry With Iran

The failure of the world’s leading oil producers to reach an agreement on capping production has been aggravated by the threat of more sparring between Saudi Arabia and Iran over market share. The talks failed after Saudi Arabia, Qatar and the United Arab Emirates said they wouldn’t agree to a deal unless Iran joined in. … Continue reading

The Implosion Of The House Of Saud

By Pepe Escobar The Panama Papers psyops revealed that – ailing – King Salman of Saudi Arabia is among a roast of notorious offshore profiteers “in relation” to “associates”. The House of Saud used British Virgin Islands shell companies to take out at least $34 million in mortgages for lavish houses in London and “a luxury yacht the size … Continue reading

Oil Producers Fail To Agree On Deal To Freeze Output After Saudi Arabia-Iran Standoff

The world’s major oil producing nations failed to strike an agreement on Sunday night to freeze production, saying they needed more time to agree a deal to try to buoy the price of oil. What producers had hoped would be the first deal in 15 years ran into difficulty after Saudi Arabia – the largest … Continue reading

Saudi Arabia Threatens To Sell $750B In U.S. Assets If Congress Exposes 9/11 Role, NYT Says

Saudi Arabia has warned the Obama administration and members of Congress that it will liquidate hundreds of billions of dollars’ in U.S. assets should Congress pass a bill that would hold the Saudi government responsible for any role in the September 11, 2001 (9/11), terrorist attacks, according to a bombshell report from The New York Times (NYT).   The bill … Continue reading

Perfect Storm For Oil Started On Schedule And Continues To Build

By David Haggith, The Great Recession Blog The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is once again suppressing prices … Continue reading

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