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Blackstone’s Saudi-backed oil pipeline deal takes a hit
The Tallgrass acquisition was among the fund’s first deals, and promises to put Stephen Schwarzman’s group in control of major pipelines including the Pony Express, which feeds crude from wells in the western US to the massive tank complex at Cushing, Oklahoma.
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Saudi investors feel the pain of Aramco free-fall
A record 5.1 million retail investors, the majority Saudis, took part in Aramco’s $29.4 billion IPO, lured by nationalistic fervor, promise of a hefty dividend and easy credit.
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Saudi’s price cuts for April heap pressure on Urals crude
"Everyone will nominate Saudi," said another trader, referring to the process whereby oil companies that have term contracts with the kingdom can exercise an option to load their full allowance and take advantage of the new competitive pricing.
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Saudis and Russia Dig in for a Long, Bitter Oil-Price War
Saudi Arabia and Russia dug in for a long and destructive oil-price war, as Moscow responded forcefully to Riyadh’s opening salvo. If there was any doubt that the collapse of last week’s OPEC+ talks created a lasting rupture between the world’s top crude exporters, Russia dispelled it on Monday. Its largest producer will pump significantly more oil next month and Energy Minister Alexander Novak said the country’s share of export markets -- under attack from Saudi Aramco’s steep price cuts -- will be preserved.
- MSNBC - Saudi Arabia seizes oil market by the throat; stock market chokes
- Reuters - Kremlin says cannot rule out Russia and Saudi Arabia resuming oil talks
- Yahoo - Trump Spoke to Saudi Crown Prince Over Oil Price War
- Reuters - Saudi energy minister: no need for OPEC+ meet if no agreement on handling oil market crisis
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Yemeni army says sites near Saudi border wrested from rebels
Yemen’s army said it wrested control of several northern towns from the Iran-backed Houthi rebels Monday, a step toward reversing the rebels’ rapid gains in the strategic area. Yemeni forces, supported by Saudi air power, announced on Twitter that they retook cities in the vast Khub Walsha’af district, which borders Saudi Arabia.
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Two US service members killed in Iraq
The soldiers were killed while "advising and accompanying Iraqi Security Forces during a mission to eliminate an ISIS terrorist stronghold" in the country, the statement said.
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U.S. military scrambles to confront a new reality across the Middle East
In visits to seven countries over the past six weeks, the top U.S. commander for the region, Gen. Kenneth "Frank" McKenzie Jr., cautioned American troops that the ballistic missile strike Iran launched days after Soleimani's death in Baghdad on Jan. 3 was unlikely the final salvo following Iran's loss of a peerless military figure.
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Trump says Taliban could possibly overrun Afghan government
NBC News reported, citing three U.S. officials, that the American government has intelligence that the Taliban do not intend to live up to their commitments in the deal. During a signing ceremony at the White House Friday, Trump said “It’s not supposed to happen that way, but it possibly will,” when asked if the Taliban will overrun the Afghan government after U.S. forces leave.
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Expo 2020 in Dubai Remains ‘On Track’
The expo is set to attract millions of visitors and showcase Dubai as a global destination. The government has said it expects a boost to growth spurred by stimulus programs and projects related to the international exhibition fair, which is being held for the first time in the region.
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Why Arab countries must give women a fair chance
As the world marks yet another International Women’s Day (IWD), the resonance of an occasion dedicated to celebrating the achievements of women in different fields is being felt in a changing Middle East. IWD has been observed on March 8 for well over a century, with the first gathering in 1911 supported by more than a million people. Of late, IWD has been celebrated across the Arab region with calls to action for more gender equality.
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