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Oil World Turns Upside Down as U.S. Sells Oil in Middle East

(Bloomberg)  The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly […]

World News

A year of historic change in Saudi Arabia, with more to come

DUBAI, United Arab Emirates (AP) — Saudi Arabia in 2017 laid the groundwork for momentous change next year, defying its conservative reputation for slow, cautious reforms by announcing plans to let women drive, allow movie theaters to return and to issue tourist visas. The kingdom could even get a new king. King Salman and his […]

World News

Arab League To Hold Urgent Meeting On Iran As Saudis Reportedly Mobilize Fighter Jets | Zero Hedge

(Zero Hedge)  The Arab League is set to hold an emergency meeting on Iran at Saudi Arabia’s request, this according to Reuters and various regional sources, at a moment when Saudi fighter jets may be mobilizing for war in an attempted show of force. Egypt-based Ahram Online also reports further that the meeting will discuss “Iranian interference” in the region at […]