The Major Wildcard That Could Send Oil to $120

The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very little room on the upside for oil prices and that we will have to wait until 2018 at the …

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Saudi Arabia: What’s Really Behind Trump’s Hypocrisy?

US President Donald Trump’s support came in no small part from those Americans who believe terrorism, and more specifically, “Islamic” terrorism pose an existential threat to the United States and the wider Western World. It is curious then that President Trump’s first trip abroad was to Riyadh, Saudi Arabia, the sociocultural source code of the …

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An LNG tanker at a power station in Futtsu, east of Tokyo, Japan on 8 February 2017 (Reuters)

Gulf Crisis and Gas: Why Qatar is Boosting Output

Economic power is gradually shifting away from oil to gas-rich nations, which favours Qatar in its dispute with Saudi Arabia and UAE. Qatar may be under economic siege but it pulled an ace from up its sleeve on 4 July by announcing that it will bolster liquid natural gas production by some 30 percent. The move …

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Trump’s Sword Dance Sets Off the War of the Wahhabis

US President Donald Trump could not possibly have predicted the game-changing after-effects of his triumphal sword dance in Riyadh. Or could he? The fact is the House of Saud went amok, in a flash, going after Qatar and bombing from the inside that glorious Arab NATO project – call it NATOGCC — sworn with pomp over a glowing orb. An excited Trump tweeted …

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Saudi Power Struggle Could Destabilize the Entire Middle East

Political instability in Saudi Arabia is growing as King Salman bin Abdulaziz begins to overhaul the Saudi government, putting a long list of family members into positions of influence while increasing the power of his son, Deputy Crown Prince Mohammad bin Salman. These actions have the potential to lead to a direct conflict with Crown …

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Petrodollar Faces Growing Threat from the East

While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar. The Persian rival who showed the way In 2012/2013, the US Treasury …

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Saudi Arabia Vs. Russia: The Next Oil Price War

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to the crude markets for almost half a year. The …

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