Tag: Saudi Arabia

Trump Sees Hope for Boosting Global Oil Prices and Helping U.S. Firms

WASHINGTON — When oil prices crashed in early March after a dispute between Russia and Saudi Arabia, President Trump put a positive spin on the news. “Good for the consumer, gasoline prices coming down!” he wrote on Twitter as markets tumbled. On Tuesday, Mr. Trump said that falling gasoline prices amounted to “the greatest tax […]

Read More

Oil Companies on Tumbling Prices: ‘Disastrous, Devastating’

HOUSTON — The once mighty oil industry is shrinking quickly around the world, hunkering down in survival mode. With the coronavirus pandemic all but eliminating travel and commutes, demand for energy is tumbling, and oil companies from Algeria to West Texas are slashing budgets. Refineries are cutting production of gasoline, diesel and jet fuel. Pipeline […]

Read More

Turkey Indicts 20 Saudis in Jamal Khashoggi’s Killing

ISTANBUL — Turkish officials on Wednesday announced the indictments of 20 Saudi nationals on charges of murder and incitement to murder in the killing of the dissident writer Jamal Khashoggi, concluding their investigation into the case. In a statement, the Istanbul prosecutor’s office said the indictments, which have yet to be made public, would show […]

Read More

How the Promise of American Jobs Became Entangled in a Faraway War

Episode 30: ‘Open Arms’ Producer/Director Alyse Shorland U.S. defense contractors used the promise of new jobs to persuade the government to approve billions of dollars’ worth of arms sales to foreign allies with little regard for how the American-made bombs, jets and other weapons are used. The Trump administration has repeatedly cleared the way for […]

Read More

We Asked People Around the World How They’re Coping with Coronavirus

The coronavirus that emerged in Wuhan, China, in late December has now spread to more than 170 countries. Hundreds of thousands of people around the world have tested positive for COVID-19, the disease caused by the coronavirus. Some countries, including much of Europe, Asia, and parts of the U.S., have shut schools and restaurants and […]

Read More

The Perpetual Weakness of Middle East Despots

Something is stirring again in the house of Saud. In the past two weeks, as the global health crisis intensified, Saudi Arabia’s crown prince, Mohammad bin Salman (MBS), further roiled international relations by arresting four royal relatives and engaging in a risky “global game of chicken” with Russia over oil supplies that has collapsed crude […]

Read More

Saudi Aramco’s Profits Slip as Oil Prices Fall

Saudi Aramco, the world’s largest oil company, said on Sunday that its profit last year fell more than 20 percent, primarily because of lower oil prices. Still, Aramco, the national oil producer of Saudi Arabia, remains one of the world’s most profitable companies, earning a net income of $88.2 billion in 2019. A year before, […]

Read More

Saudi Law Granted Women New Freedoms. Their Families Don’t Always Agree.

MEDINA, Saudi Arabia — On the question of women working, the law of the land was crystal clear. Raghda and Rafaa Abuazzah’s parents had ruled otherwise. “What will people say? You’ll be in public!” their father said after the sisters scandalized their parents by announcing that they wanted jobs at a coffee shop in Medina, […]

Read More

The Rise and Fall of M.B.S.’s Digital Henchman

BEIRUT, Lebanon — In 2012, an amateur hacker and poet with an interest in bitcoin, bots and online video games reached out to Hacking Team, an Italian company that sold software that allowed governments to hack cellphones and other devices. Could the company send experts with “high technical knowledge” to Saudi Arabia to display its […]

Read More

Behind the Russia-Saudi Breakup, Calculations and Miscalculations

MOSCOW — It was always a marriage of convenience, whatever the pledges of devotion, but when Russia and Saudi Arabia parted ways late last week after a dispute over oil production, it was like a lot of breakups: instantly acrimonious. Gone, it seems, are the days when two of the world’s strongest-willed leaders, Vladimir V. […]

Read More

OPEC Infighting and Coronavirus Adds Up to Affordable Gas

<img data-attachment-id="1713326" data-permalink="https://www.thetruthaboutcars.com/2020/03/opec-infighting-and-coronavirus-ads-up-to-affordable-gas/shutterstock_449689783/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783.jpg" data-orig-size="1000,667" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="OPEC" data-image-description=" Gumpanat/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-610×407.jpg” class=”aligncenter size-large wp-image-1713326″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/03/shutterstock_449689783.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> With the coronavirus keeping people indoors and shale drilling keeping U.S. oil prices relatively stable, you’ve probably noticed gasoline […]

Read More

Saudi Arabia’s Crown Prince Had Been Laying Low. That’s Over.

First he ordered the detention of at least four senior members of his own royal family. Two days later he plunged Saudi Arabia into a price war with Russia that sent energy and stock markets around the world into free fall. For a while, Crown Prince Mohammed bin Salman of Saudi Arabia had appeared to […]

Read More

Saudi Oil Price Cut Is a Market Shock With Wide Tremors

HOUSTON — The sudden upheaval in the oil markets may claim victims around the world, from energy companies and their workers to governments whose budgets are pegged to the price of crude. The fallout may take months to assess. But the impact on the American economy is bound to be considerable, especially in Texas and […]

Read More

How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy

For the last three years, two factors have been hugely influential in the oil markets. The first has been the surge of shale oil production in the United States, which has turned the country from a large oil importer to an increasingly important exporter. The second is the alliance between Saudi Arabia and Russia, which […]

Read More

Judge Orders Medical Panel to Evaluate Tortured Guantánamo Prisoner

This article was produced in partnership with the Pulitzer Center on Crisis Reporting. WASHINGTON — A federal judge has ordered the United States military to have a panel of American and foreign doctors examine a Saudi man who was tortured at Guantánamo Bay to determine whether he should be released from the prison there and […]

Read More

Saudi Arabia Expected to Raise Oil Production, Further Pressuring Prices

Saudi Arabia appears ready to increase oil production, putting more pressure on crude prices, after the collapse of a meeting on Friday between the Organization of Petroleum Exporting Countries and Russia caused prices to drop more than 9 percent. On Sunday, the uncertainty rocking the oil industry in the wake of depressed demand caused by […]

Read More

A 4th Saudi Prince Detained by Crown Prince Mohammed bin Salman

At least four Saudi princes have been ensnared in a wave of detentions ordered by Crown Prince Mohammed bin Salman, a person close to the royal family said Saturday. Prince Nayef bin Ahmed, who held senior positions in the military, was detained on Friday along with at least three other senior members of the royal […]

Read More

Governments Point Fingers Over Coronavirus as Death Toll Mounts

An Iranian official claimed without evidence that the epidemic could be an American bioweapon, after some U.S. officials said the same about China. Saudi Arabia said its cases were Iran’s fault. South Korea lashed out at Japan over travel restrictions and responded in kind. At a time of global crisis, when the new coronavirus has […]

Read More

OPEC Tries to Head Off Oil Glut as Coronavirus Saps Demand

Rising expectations that some of the world’s major oil producers will agree to production cuts appeared to steady oil prices on Monday. But as the coronavirus continues to fan out across the globe, sapping economic activity, analysts were doubtful that a cut in production of as much as one million barrels a day would be […]

Read More