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Tehran threatened to prevent oil vessels from passing through the Strait, if war is waged against its country. On May 14, a drone attack was launched on an oil pipeline running from the region of extraction in the East of Saudi Arabia to a loading terminal at the Red Sea.

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The situation has inevitably set off a price war between mid-tier and luxury hotels, as they try to beef up occupancy levels. Rates are getting cut by the day, with current ones nearly on par with ...

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The Kingdom of Saudi Arabia is undergoing its third round of municipal elections. The first round was held in 2005 to much fanfare, whilst the second was slated for 2009 but in fact delayed until 2011. …

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Jul 27, 2020·There was mild worry that day in September about a drone strike on oil infrastructure in Saudi Arabia but no hint of the price war to come with Russia. Mostly, the Bakken Backers talked about increasing natural gas pipeline capacity to reduce methane flaring and how to retrieve even more oil …

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Apr 12, 2020·As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from low prices.

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Mar 11, 2020·The price war between Russia and Saudi Arabia was sparked by Russia’s unwillingness to cut oil production and prop up prices to the benefit of U.S. producers. That, however, should be …

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Nov 27, 2020·Incalculable Saudi wealth, particularly after the quadrupling of oil prices following the 1973 Yom Kippur war, had the Western Military Industrial Complex salivating on Arab petrodollars. The oil-rich Sheikhs are, by formal agreements, dependent on Western arms.

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Oil prices suffered the biggest plunge since the Gulf War in 1991 over the weekend, leading the Dow Jones Industrial Average to open down 1,000 points while the UK's FTSE 100 fell 550 points on ...

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