Saudi Arabia’s Plan to Flood the Oil Market and Regain Control Over Prices, According to Crude Expert

Photo by Christian Ender/Getty Images Saudi Arabia may “flush” the market with a flood of supply that would sink prices, an expert said. That comes as OPEC+ concluded its latest meeting where members pledged voluntary production cuts without giving firm commitments. Meanwhile, US crude output has been on a tear this year, hitting new record …

Read more

Riyadh, Saudi Arabia selected as the host city for the 2030 World Expo

Saudi Arabia’s capital Riyadh won the bid to host the 2030 World Expo, focusing on a prosperous and sustainable future. This victory came after beating Rome and the South Korean city of Busan, securing an event expected to draw millions of visitors. The Bureau International des Expositions in Issy-les-Moulineaux voted 119 out of 165 in …

Read more

30-Year Energy Expert Predicts Saudi Arabia’s Potential Surprise Oil Cuts Could Send Prices Soaring and Futures Market into Backwardation

sefa ozel/Getty Images Oil prices fell on Thursday after OPEC delayed its meeting from November 26 to November 30. It’s set to take place virtually, suggesting members have made an agreement, says Anas Alhajji. There could be additional cutbacks not anticipated by the markets, he added. As the US Thanksgiving holiday puts the stock market …

Read more

Riyadh Welcomes Arab-Islamic Summit in Saudi Arabia

Saudi Arabia has announced an extraordinary summit in Riyadh on Saturday which will be attended by Iranian President Ebrahim Raisi, marking the first time in over a decade a sitting Iranian president will be traveling to the kingdom. In a statement released by Saudi Press Agency, the decision for the joint Arab Islamic summit was …

Read more

Unveiling the Surge in Saudi Soccer Passion among Iranian Fans

On the night of September 1, 2023, Iranian households experienced something truly extraordinary – a live broadcast of a Saudi Pro League soccer game. This was a significant moment considering the historical animosity between the two nations, which prevented their football teams from playing each other. However, times have changed, and so has the dynamics …

Read more

Unveiling a Momentous Middle Eastern Cataclysm: Journey into Historical Times

War lingers as a perpetual concern in Israel, but the threat of invasion and indiscriminate slaughter has been absent for decades. However, in the early hours of this morning, Israeli military outposts and settlements experienced a haunting glimpse of such a nightmare. Hamas launched a bold operation that could potentially escalate into a large-scale regional …

Read more