An ultimatum that Saudi Arabia sent to Emir Tamim bin Hamad Al Thani states that if Qatar wants the trade blockade to be lifted, and financial and diplomatic relations with the Arab world restored, then he will have to fulfill…
According to the press secretary of the Russian president Dmitry Peskov, the Kremlin prefers not to comment on the largest weapons contract planned between the U.S. and Saudi Arabia.
According to the Joint Organization Data Initiative (JODI), in September Saudi Arabia increased production and export of oil comparing to the previous month.
The fatwa of the Grozny Islamic Conference was harshly criticized in Saudi Arabia, since it only recognizes followers of the Sufi Tariqa as true Muslims.
According to the statement made in Singapore by the Director for International Relations of the National Iranian Oil Company (NIOC), the current level of oil production in Iran is 3.8 mln barrels per day.
During today’s trading on London Stock Exchange, Brent crude oil price fell below $42 per barrel.
Saudi companies Apicorp and National Shipping and are going to build the world’s largest fleet of oil tankers to support the kingdom’s plan to increase crude oil exports.
According to Bloomberg, citing sources from China’s General Administration of Customs, oil supplies from Russia to China fell by 21% in June.
For the first time since February Saudi Arabia lowered prices for consumers in the U.S. and Asia. After that, the price for Brent oil fell below $50 per barrel.
According to an independent consulting company Rystad Energy, recoverable oil reserves in the United States are greater than in Russia and Saudi Arabia.