Saudi Arabia gets physical with Russia in underground oil bout

posted in: Middle East, News

MOSCOW (Reuters) – Behind a Saudi-Russian truce to stabilize oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market. It is here, rather than in the world of … Read More

Saudi-Russia oil price war: Will it script the end of Opec?

Saad Abdulla al-Kuwari As is customary, Opec is supposed to reach its 60th year this year, and perhaps it will not celebrate this event as expected, this year. The reason is Saudi Arabia’s decision to reduce and discount the price … Read More

Russia: Gulf nations, not us, to blame for oil prices fall -TASS

posted in: News, Russia

MOSCOW (Reuters) – Russia never sought a sharp oil price fall or an end to cooperation with the Organization of Petroleum Exporting Countries (OPEC), and the Gulf nations are to blame for the crisis on the global oil markets, a … Read More

Putin Is Trolling the United States in the Persian Gulf

posted in: News, Russia

In the wake of the drone attacks on Saudi Arabia, the Russian president has positioned himself as a peacemaker. But continued conflict is his friend. Russian President Vladimir Putin and Iranian President Hassan Rouhani attend a joint press conference in … Read More