As the reverberations continue to play out in the weeks since the murder of Jamal Khashoggi, we understand that unprecedented, high stakes moves are underway in Riyadh to protect the embattled Crown Prince Mohammed bin
After a dramatic build-up of a promised “naked truth” that would directly implicate Saudi Crown Prince Mohammed bin Salman in the murder of Saudi dissident journalist Jamal Khashoggi in Istanbul two weeks ago today,
In the ten days since his disappearance inside the consulate offices of Saudi Arabia in Istanbul, it now seems increasingly likely that Jamal Khashoggi, a Saudi dissident and legal resident of
The dramatic fanfare surrounding the arrival of Russian energy Minister Alexander Novak to Vienna this morning was a stark illustration of Russian dominance in the leadership of the 24 OPEC
The events of the last 48 hours in Riyadh have been without parallel in Saudi Arabia and are alarming in their implications for Saudi political stability, Al Saud succession, and
Tensions in the Gulf are certain to escalate in the coming days with almost no chance Qatar will accede to Saudi Arabia’s thirteen “non-negotiable” demands, including a break in relations with Iran, closing the Al
Perhaps the most remarkable aspect of Mohammed bin Salman’s bloodless ascension last night as Crown Prince in the ouster by royal decree of his chief rival, the former Crown Prince
When no less than Russian President Vladimir Putin put his authoritative stamp on a proposed extension of the OPEC-non-OPEC Vienna output agreement into 2018, it sounded to us like an
Saudi oil officials are irritated but hardly panicking over the recent plunge in oil prices, attributing the drop to long positions being unwound among some hedge funds, and remain confident
The Saudi Ministry of Energy just issued a statement affirming the Kingdom is “committed and determined to stabilizing the global oil market by working closely with all other participating OPEC
With crude oil prices dipping below $50 a barrel for the West Texas Intermediate benchmark, market speculation is again turning to the levels of compliance and the odds on an
The crude oil market has been whipsawed by a flurry of contrasting headlines and misinterpreted or just plain badly reported news stories in recent days, and indeed, as OPEC’s high
Oil prices have been ratcheting down in recent days as doubts build over an OPEC output agreement. *** But in the last 24 hours or so, a compromise on Iraq’s
Key Takeaways: An OPEC output freeze in Algiers next week is highly unlikely, but there is considerable momentum in talks led by Saudi Arabia and Russia to shift the policy
Key Takeaways: Saudi Arabia is looking into further major investments in US hi-tech firms as a follow through to its $3.5 billion stake in Uber. Saudi officials are also pitching
Key Takeaways: • Saudi authorities will not devalue the riyal or adjust its dollar peg until the Saudi economy is vastly more diversified from its reliance on crude oil sales.
There has been considerable speculation over the most likely consequences for near term oil prices and Saudi Arabia’s oil policy after the ungracious ouster on Saturday of Ali al-Naimi as
For all the skepticism and angst over hedge fund longs going into last weekend’s Doha meeting, crude oil markets have displayed impressive resiliency in the days since despite the failure
All else being equal, things could have been a lot worse after the debacle in Doha. Oil prices are reasonably stable the morning after, supported perhaps by the Kuwaiti oil
Right up to the final moments of the long oil producers meeting in Doha today, most of the oil officials at the Sheraton were still expecting Saudi oil minister Ali