The Biden administration’s decision to re-designate Yemen’s Houthis as a terror organization for defending Gazans against the Israeli genocide means a peace deal between Sana’a and Saudi Arabia is unlikely.
Tag: Saudi Arabia
The Saudi Arabian Oil Co. (Aramco), the world’s richest oil firm, has scrapped plans to boost its production capacity by 13 million barrels a day by 2027. It offered no reason for the decision.
Saudi Aramco, the world’s richest oil company, will more than double its venture capital fund.
Saudi Arabia has cut its oil price for February, a month traditionally slow in demand, as the world enters a supply glut due to strong production in the U.S. and a worldwide economic slowdown.
Mohammed bin Salman, the Saudi Arabian crown prince, on Friday repeated his call for Israel to end its blockade in Gaza along with its brutal bombing campaign that has killed over 11,000 and injured tens of thousands more.
Saudi Crown Prince Mohammed bin Salman made it clear to a U.S. delegation last week that an Israeli ground invasion would be unwise and poses a threat to the stability of the entire region.
After a tense weekend meeting of the Organization of Petroleum Exporting Countries and their allies (OPEC+), Saudi Arabia announced it would pare back its oil production by one million barrels per day in an attempt to push crude prices higher.
Saudi Arabia is continuing its shift from the West after its cabinet last week approved the move to become a dialogue partner of the Shanghai Cooperation Organization, which was set up to rival the North Atlantic Treaty Organization, or NATO.