Saudi Arabia

This Country Spent a Third of Its Economy on Its Military Last Year
A leaked document from the U.S. Defense Intelligence Agency in April 2023 estimates that Ukrainian forces have sustained between 124,000 and 131,000 casualties, including up to 17,500 deaths. The...
Angelo Young
11 days ago

Tuesday's Top 5 Stories From Putin's War in Ukraine
Russian forces continue to pound the southern Ukraine city of Mariupol, which has so far been able to repel the invaders.
Paul Ausick
1 year ago

How Saudi Aramco Pays That Massive Dividend
Saudi Aramco reported earnings Tuesday but all anyone cares about is whether or not the company will pay its promised dividend.
Paul Ausick
2 years ago

The End of the Beginning of the Oil Price War
An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
Paul Ausick
3 years ago

Will the US Join Saudi Arabia, Russia to Cut Crude Oil Production?
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present in person but...
Paul Ausick
3 years ago

Storage Crunch, Revved Up Saudi Production Promise More Pain for US Crude
Crude oil storage tanks around the world are filling up and rising production combined with lower pricing from Saudi Arabia is on track to oust the U.S. as the world's top crude producer.
Paul Ausick
3 years ago

Saudis, Russians Won't End Oil Price War Despite US Plea
The teleconference meeting of the G20 ended Thursday without even a word about the collapse of the crude oil market. Now the market itself may have to do the heavy lifting and both the Saudis and the...
Paul Ausick
3 years ago

Oil Companies Left Out of Relief Package, Crude Prices Dive
The oil and gas industry got nothing in the $2.2 trillion relief package approved late Wednesday by the Senate. Here's what that could mean.
Paul Ausick
3 years ago

Can Trump Really Jawbone Russia and Saudi Arabia and Save the US Oil Industry?
Oil field regulators in Texas want the president to intervene in the Russian-Saudi price war in order to reverse the massive price drop in crude. Trump has indicated that he's thinking about it, but...
Paul Ausick
3 years ago

Crude Oil at 18-Year Low, Energy Stocks Crushed
Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand.
Paul Ausick
3 years ago

Threats to US Shale Producers Come From Every Direction
As Russia and Saudi Arabia ramp up crude production, U.S. shale producers face dangerous days ahead and pressure is building elsewhere as well.
Paul Ausick
3 years ago

Saudis Will Boost Production to 12.5 Million Barrels of Oil a Day
The president is due to announce steps the administration plans to take to head off a recession due to the twin threats of collapsing oil prices and an outbreak of coronavirus. Here's what to look...
Paul Ausick
3 years ago

Coronavirus Outbreak, Oil Price War Send Oil Demand Into Freefall
The International Energy Agency has forecast that demand for oil in 2020 will be lower than demand in 2019. That hasn't happened since the financial crisis of 2009.
Paul Ausick
3 years ago

Why Russia Dithers Over Deeper Crude Production Cuts
Russia continues to resist moving up a March meeting of OPEC+ oil ministers to deal with the falling demand for crude caused by the coronavirus outbreak. There are several reasons for that.
Paul Ausick
3 years ago

IMF Forecasts Gloom for Persian Gulf Oil States
The International Monetary Fund has a new study on the impact of declining demand for oil on the economies of six Persian Gulf nations. Continuing to depend on revenue from oil sales threatens the...
Paul Ausick
3 years ago
Last Updated: 3 years ago