Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of huge extra supply next month. Oil giant Saudi Aramco will proceed with the reduction of its refinery rates in Saudi Arabia in April and May […]
Prosecutors Drop Case Against Alleged Funder of Russian Troll Farm
Prosecutors have dropped the case against a company that allegedly funded a Russian troll farm that meddled in the 2016 presidential election. The Russian company, Concord Management and Consulting, had no intention of actually standing trial and facing prosecution and was instead milking the U.S. government for documents related to the case, trying to get […]
Saudi’s Ramp Up Oil Production to Record Levels…
Saudi Arabia will once more be the world’s biggest producer of crude oil under plans announced Wednesday to further increase the Kingdom’s output to a new record level. Prince Abdul Aziz bin Salman, the Saudi energy minister, told Saudi Aramco to prepare to increase its maximum sustainable capacity — the limit to the crude it […]
The Reason Why Russia Refused to Cut Oil Production…
OPEC asked Russia to cut an additional 300,000 bpd in oil production at last week’s meeting in Vienna, but according to Russia’s Deputy Energy Minister, this would’ve been ‘technically challenging.’ OPEC asked Russia to add another 300,000 bpd to its production cut quota art the Vienna meeting last week, but it would have been technically […]
FBI’s Russia Collusion Case Fell Apart in First Month of Trump Presidency, Memos Show…
The piecemeal release of FBI files in the Russia collusion investigation has masked an essential fact: James Comey’s G-men had substantially debunked the theory that Donald Trump’s campaign conspired with Moscow by the time the 45th president was settling into the Oval Office, according to declassified memos, court filings and interviews. And that means a […]
US, Canadian Fighters Intercept Russian Spy Planes North of Alaska…
Two Russian Tu-142 maritime reconnaissance aircraft lingered in U.S.-Canadian air defense space Monday for hours after being intercepted by fighter jets, defense officials said. The two Russian planes were intercepted by U.S. Air Force F-22 Raptors and Royal Canadian Air Force CF-18s, a version of the U.S. Navy’s F/A-18 Hornet, in the Alaskan Air Defense […]
Russian Parliament Adjourns After Proposal to Allow Putin to Run Again in 2024 Presidential Elections…
Proceedings in Russia’s State Duma have been temporarily suspended and President Vladimir Putin is set to make an address this afternoon. It comes after a suggestion that Presidential term limits could be re-set. The idea was floated by Valentina Tereshkova, an MP from the ruling ‘United Russia’ party, who is also famous for being the […]
Saudi Aramco to Increase Oil Output 12.3M Barrels Per Day Starting April…
Saudi Aramco said Tuesday that the company would increase its crude output to 12.3 million barrels per day in April. The new production level will be ”an increase of 300,000 barrels per day over the company’s maximum sustained capacity of 12 MMBD,” Aramco said in a statement to the Saudi stock exchange. The Company has […]
Can Saudi Arabia Survive the Oil Price War It Started?…
As the world watches an oil price war unfold between Russia, OPEC, and US shale, another major crisis is looming in the Middle East. Saudi Arabia is facing multiple existential threats as a renewed oil price slump threatens to not only hit the country’s revenues and economic diversification programs but also the already fragile position […]
Putin and Erdogan Sign Agreement on Idlib, Ceasefire Begins at 00:01 March 6th…
On March 5th, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin met in Moscow to discuss the situation in Idlib, Syria – 🇷🇺🇹🇷 President #Putin received President @RTErdogan at the Kremlin. The two leaders are discussing possible solutions to the #SyrianCrisis taking into consideration the aggravation of the situation in the #Idlib de-escalation […]
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