Opec

Oil prices dip dramatically after Israel's attack on Iran

The strikes did not impact energy infrastructure, leading to a decrease in geopolitical tensions affecting the oil market.

 View of the Israeli Leviathan gas field gas processing rig near the Israeli city of Caesarea, on January 31, 2019.
 Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link at the Kremlin in Moscow, Russia October 20, 2023.

Putin to visit UAE, Saudi Arabia this week

 The Liberian-flagged oil tanker Ice Energy transfers crude oil from the Iranian-flagged oil tanker Lana (former Pegas), off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022.

Why calls for oil embargo on Israel are unlikely to go anywhere

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

Oil prices to surge; US oil in high demand, as supply slowly dwindles


Experts: If Europe, US enter recessions, Middle Eastern economies will suffer

Economic slowdowns in developed Western economies will hit Middle Eastern and North African trade and capital availability.

 An illustrated image of the US and Israeli flags being splashed by a rising tide of water, beneath which are US dollars and Israeli shekels to symbolize the rising tide of debt.

OPEC will welcome back Iran’s full return to oil market when sanctions lifted -secretary-general

Saudi Arabia, the kingpin of OPEC, and Iran announced in March that they would restore diplomatic relations after years of hostility, in a deal brokered by China, the world's No. 2 oil consumer.

 A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.

US concerned about Saudi Arabia, OPEC oil production cuts

Saudi Arabia and the OPEC announced they would cut their oil production in order to raise prices.

Saudi Arabian oil (illustrative)

Tunisia capitalizes as new South Korean route for Russian oil imports

Tunisia's role as the middleman in the Russian naphtha trade opens the door for Western investment.

 Flag of Tunisia (Illustrative).

Voices from the Arab press: Religious extremism and sexual assault

A weekly selection of opinions and analyses from the Arab media around the world.

 LEV TAHOR sect members escape detention in Huixtla, Mexico, Sept. 29. Twenty members had been detained on drug trafficking and rape accustations.

Will US-Saudi rift benefit China and Russia? - opinion

When Saudi actions deliberately inflate US gasoline prices at election time, such actions are perceived as hostile political interference and can undermine and damage bilateral relations.

 US PRESIDENT Joe Biden and Saudi Crown Prince Mohammed bin Salman walk side by side at a Gulf Cooperation Council meeting in Jeddah, Saudi Arabia, earlier this year.

Was OPEC's decision to cut oil production purely economic? - opinion

Neither Saudi Arabia nor Russia can claim that the decisions taken at the OPEC+ meeting on October 5 were purely economic.

 OPEC SECRETARY-GENERAL Haitham Al Ghais, of Kuwait, speaks at the Africa Energy Week conference in Cape Town, last month.

Pushing the Saudis into China’s & Russia’s arms -opinion

The Chinese are more than happy to pick up the pieces of the damaged US-Saudi relationship, trying to undermine American interests. The Chinese are already the number one Saudi trade partner.

 US SENATE Judiciary Committee Chairman Dick Durbin (D-IL) sits alongside a photo from the war in Ukraine during a committee hearing, last month. According to ‘The New York Times,’ Durbin has said Saudi Arabia wants Russia to win the war.

Saudi's recent Ukraine support does not make up for OPEC+ cuts - Blinken

Saudi Arabia's recent moves to provide aid to Ukraine do not compensate for the "wrong" decision by OPEC+ to cut oil production, says US Secretary of State Antony Blinken.

US Secretary of State Antony Blinken and India's Minister of External Affairs Subrahmanyam Jaishankar hold a joint news conference at Jawaharlal Nehru Bhawan (JNB) in New Delhi, India July 28, 2021

The White House must end its hostile policies toward Saudi Arabia - opinion

Such policies are traveling a dangerous path.

 SAUDI CROWN Prince Mohammed bin Salman receives US President Joe Biden at Al Salman Palace in Jeddah, in July. Although Biden visited Saudi Arabia this summer, the relationship between the two nations has continued to deteriorate, says the writer.

Voices from the Arab press: US attack on Saudi Arabia isn’t justified

A weekly selection of opinions and analyses from the Arab media around the world.

 RUSSIAN PRESIDENT Vladimir Putin watches joint drills by the Northern and Black Sea Fleets off the coast of Crimea, 2020.