With OPEC deal to cut output, Saudi signals surrender to U.S. shale

With OPEC deal to cut output, Saudi signals surrender to U.S. shale

by WorldTribune Staff, December 8, 2016 Saudi Arabia’s strategy to drive U.S. shale out of the energy market has failed. “The new OPEC deal to cut oil output – the cartel’s first since 2008 – amounts to nothing less than Saudi Arabia’s surrender to the power of American shale,” John Hulsman wrote for UK business daily City […]

15 Saudi Shia sentenced to death for spying for Iran

15 Saudi Shia sentenced to death for spying for Iran

by WorldTribune Staff, December 7, 2016 A Saudi court on Dec. 6 sentenced 15 Shi’ites to death for spying for Iran, Saudi state media reported. The Specialized Criminal Court in Riyadh sentenced 15 other defendants to prison terms ranging from six months to 25 years, and acquitted two others, according to the Arabic-language al-Riyadh newspaper. […]

Letter from Riyadh: Gas is 25 cents/gallon, princes on edge but hopeful about Trump era

Letter from Riyadh: Gas is 25 cents/gallon, princes  on edge but hopeful about Trump era

Special to WorldTribune.com by Dr. Jack Caravelli, Geostrategy-Direct Last week a Geostrategy-Direct editor was in Riyadh to discuss U.S.-Saudi relations, including the implications of Donald Trump’s election for the future of those relations. The meetings were hosted at the King Faisal Center, the leading research center in Saudi Arabia which is directed by Prince Turki […]

Trump’s election is bad news for Iran, great news for Israel

Trump’s election is bad news for Iran, great news for Israel

Special to WorldTribune.com By Norman Bailey The post-election period in the U.S. has been every bit as weird as the election itself, with the exception of one important fact: so far president-elect Trump has made a number of unremarkable and generally highly-qualified appointments. The weeping and wailing and gnashing of teeth on the part of […]

Saudis set to lift the veil on true scale of its oil reserves

Saudis set to lift the veil on true scale of its oil reserves

by WorldTribune Staff, November 18, 2016 Saudi Arabia is about to reveal a state secret that it has kept the lid on since the 1980s – the true amount of its oil reserves. The kingdom will make the disclosure as it prepares for the 2018 initial public offering (IPO) of Saudi Aramco that could bring […]

Saudi indefinitely halts oil shipments to Egypt

Saudi indefinitely halts oil shipments to Egypt

by WorldTribune Staff, November 9, 2016 The rift between Egypt and Saudi Arabia appeared to widen on Nov. 8 when the Saudis indefinitely halted oil shipments to Cairo. Saudi King Salman in April agreed to provide Egypt with 700,000 tons of refined oil products per month for five years but the shipments stopped arriving in […]

Egypt cut energy deal with Kuwaiti firm amid strains with Saudis

Egypt cut energy deal with Kuwaiti firm amid strains with Saudis

by WorldTribune Staff, November 3, 2016 Egypt, looking elsewhere to fill its energy needs amid a row with Saudi Arabia, signed an agreement with a Kuwaiti firm that will give Cairo a 20 percent stake in an Iraqi oil field. Kuwait Energy Plc signed an agreement with Egypt General Petroleum Corp. (EGPC) for a 20 […]

Cash-starved Saudis miss 7th straight monthly transfer to Palestinians

Cash-starved Saudis miss 7th straight monthly transfer to Palestinians

by WorldTribune Staff, November 1, 2016 Amid an economic downturn at home, Saudi Arabia for seven consecutive months has failed to send a monthly payment of $20 million to the Palestinian Authority. The Palestinian Authority (PA) Finance Ministry said the cumulative total of Saudi aid that has not yet been transferred to the Treasury in […]

Saudis stops monthly payments to Palestinian Authority

Saudis stops monthly payments to Palestinian Authority

by WorldTribune Staff, October 26, 2016 Saudi Arabia has halted its $20 million monthly payment to the Palestinian Authority (PA). The PA said the Saudi government gave no reason for cutting off the funding, which began six months ago. Some sources believe the funding cut was due to a falling out between Riyadh and PA […]

Member of Saudi royal family is executed for first time since 1975

Member of Saudi royal family is executed for first time since 1975

by WorldTribune Staff, October 20, 2016 A member of the Saudi royal family who was convicted of murder has been executed. Prince Turki bin Saud bin Turki bin Saud Al-Kabeer was executed on Oct. 18, the Saudi Interior Ministry said in a statement. The last time a member of the Saudi royal family was put […]

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