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U.S. to Sign Major Oil Deals with Saudi Arabia During Trump Visit…

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Oil major Saudi Aramco is expected to sign contracts with a dozen US firms during President Donald Trump’s visit to Saudi Arabia, Reuters reports, quoting sources familiar with the matter. According to the news agency, US companies Schlumberger, Halliburton, Baker Hughes, and Weatherford will help Saudi Arabia to develop local production. The Saudis will also […]

Selling More Weapons to the Reckless Saudis…

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The U.S. and Saudi Arabia are working on a package of arms deals and financial investments aimed at elevating economic and security cooperation between Washington and Riyadh after several years of strained relations over the U.S. diplomatic outreach to Iran. The potential agreements, coupled with Mr. Trump’s scheduled arrival in Saudi Arabia this week or […]

Oil Jumps As Saudis and Russians Agree to Extend OPEC Deal into 2018…

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What Saudi Arabia’s Oil Minister said in March will not happen, has happened: in a joint statement, Khalid al-Falih and his Russian counterpart Alexander Novak said that OPEC and Russia have agreed to extend the oil production cut deal struck at the end of last year until March 2018. The news immediately sent prices higher, […]

Saudi Kingdom Will Be Destroyed If Riyadh Does Anything Stupid…

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Dehqan gave the warning in an interview broadcast on Arabic-language Al-Manar TV on Sunday in response to remarks made by Saudi deputy crown Prince Mohammed bin Salman, who said any battle between Riyadh and Tehran would take place on Iranian soil. “We will work to have the battle in Iran rather than in Saudi Arabia,” […]

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