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Thursday, August 18, 2022

Saudi Arabia & The US Could Form The World’s Newest Oil Cartel

Authored by Irina Slav via OilPrice.com, The United States and Saudi Arabia have been discussing the idea of setting up an oil accord, Bloomberg reports, citing Energy Secretary Dan Brouillette. Such an agreement would effectively amount to a cartel, which, by definition, is a group of independent market participants agreeing to act together to influence…

Saudi Arabia Starts All-Out OIl War: Destroys OPEC By Flooding Market, Slashing Oil Prices

There will be blood. With the commodity world still smarting from the Nov 2014 Saudi decision to (temporarily) break apart OPEC, and flood the market with oil in (failed) hopes of crushing US shale producers (who survived thanks to generous banks extending loans and even more generous buyers of junk bonds), which nonetheless resulted in…

US Expels Saudi Servicemen Over Extremist Ties And Pedophilia In Wake Of Pensacola Shooting

Over a dozen Saudi trainees stationed at US military installations will be expelled from the country following an investigation stemming from a deadly December shooting at a Navy base in Pensacola, Florida, according to CNN. While the expelled students aren't accused of aiding 21-year-old Saudi Air Force second lieutenant Mohammed Saeed Alshamrani - who murdered…

Saudi Terrorism Suspected In Pensacola Naval Base Shooting

Update 3: How's this for a twist? The AP is reporting that the suspect in Friday's shooting at a Navy base in Pensacola, Fla. is a Saudi Arabian national. He was attending aviation school in the US, which should raise eyebrows: The last group of Saudi nationals who sought flight lessons in the US pulled…

Saudi Arabia’s Final Attempt To Boost Aramco’s Valuation

Authored by Nick Cunningham via OilPrice.com, Saudi Arabia is gearing up for the Aramco IPO, pulling out all the stops to boost the company’s valuation. But it’s a desperate attempt that is riddled with risk. Saudi Arabia is reportedly bullying the ultra-rich in the country to invest their money in the offering, a pressure campaign that has…
saudi-arabia-launches-its-long-awaited-ipo-of aramco

Saudi Arabia Launches Its Long-Awaited IPO Of Aramco

As the global IPO market falters, Saudi state oil giant Aramco announced Sunday its IPO offering on the Tadawul exchange in Riyadh. Saudi Crown Prince Mohammed bin Salman (MbS) and Aramco executives are scrambling to IPO Aramco before the IPO market shuts, and the global economy enters a trade recession. The Aramco IPO has had…

Three Saudi Brigades Reportedly Annihilated In Devastating Houthi Offensive In Saudi Arabia

Authored by Federico Pieraccini via The Strategic CUlture Foundation, Many may have hitherto been led to believe that the Houthis were a ragtag armed force lacking in sophistication. Many, seeing the drone and missile attacks on Saudi oil plants, may have declared it to be a false-flag attack carried out by Riyadh to boost Aramco’s…

UK, France, Germany Say It’s “Clear” Iran Attacked Saudis

All countries stopped short of calling for any military retaliation, however Though by now Washington appears no closer to military strikes on Iran than it was before the Sept. 14 Saudi Aramco attack, a joint statement by Britain, France, and Germany has brought the kind of international allied consensus the US administration is looking for.…

Macron Urges Caution in Attributing Blame for Saudi Oil Attacks

The UN General Assembly convenes as tensions flare between Washington and Tehran in the wake of two attacks targeting Saudi Arabia’s oil facilities, with responsibility claimed by Yemen’s Houthi rebels. Yet Washington and its allies insist Iran is to blame for the attacks, while Tehran has consistently rejected all accusations leveled at it.French President Emmanuel…

Ron Paul: Will More US Troops In Saudi Arabia Make America Great?

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, President Trump deserves credit for resisting the war cries from neocons like Sen. Lindsey Graham and Secretary of State Mike Pompeo after last week’s attack on two Saudi oil facilities. Pompeo was eager to blame Iran because he wants war with Iran…

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