by WorldTribune Staff, May 17, 2019 U.S. intelligence agencies believe Iran-backed terror proxies, or those sympathetic to Iran, are behind the attacks on four oil tankers off the coast of the United Arab Emirates. Reuters reported that a U.S. government source said American security analysts believe Iran gave its “blessing” to tanker attacks which hit […]
by WorldTribune Staff, July 27, 2018 The head of Iran’s Quds force declared on July 26 that the Red Sea “is no longer secure” after Iran-backed Houthi rebels fired missiles at two Saudi oil tankers transiting the sea. Saudi Arabia announced it was temporarily halting all oil shipments through a Red Sea shipping lane after […]
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 […]
by WorldTribune Staff, August 16, 2016 Russia’s oil minister said Moscow and Saudi Arabia are in talks to reach “oil market stability” and that a freeze on output levels is still on the table. “We are ready to achieve the widest possible level of coordination… and put in place joint measures to achieve oil market […]
by WorldTribune Staff, June 24, 2016 Saudi Arabia has declared its war on U.S. shale (frackers) is over. Now the question is: Who won? Saudi Energy Minister Khalid Al-Falih said that since the worldwide oil glut has vanished, Saudi’s strategy of flooding the global market to try to put American drillers out of business is […]
by WorldTribune Staff, May 20, 2016 Saudi Arabia continues to suffer from a massive cash-flow problem amid the ongoing slump in oil prices and has been forced to consider handing out IOUs to contractors. Bloomberg reports that contractors “may receive financial instruments similar to a treasury bond which they could hold until maturity or sell on […]
