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  • Oil Down 11% in Two Weeks
     

    Despite sanctions against Iran and tensions between Riyadh and Washington over the disappearance of Saudi journalist Jamal Khashoggi, the price of oil has fallen 11% in two weeks on oversupply and other downward pressures, according to reports. U.S. crude has plunged 11 percent from peak to trough over the last two weeks, while Brent is […]

     
  • Pompeo Leaves Saudi Arabia, Arrives in Turkey
     

    U.S. Secretary of State Mike Pompeo concluded his visit to Saudi Arabia and is now in Turkey to meet with Turkish officials including President Erdogan, according to reports. Pompeo said the government pledged to hold anyone accountable in the disappearance of Saudi journalist Jamal Khashoggi. “[The Saudi government] made a commitment to hold anyone connected […]

     
  • Trump Sends Pompeo to Saudi Arabia after Speaking with King Salman
     

    Saudi Arabia has extended its “appreciation” to the US administration among others for “refraining from jumping to conclusions” in the ongoing investigation in the Jamal Kashoggi case, which has garnered international attention in the last week. “To help clarify recently issued Saudi statement, the Kingdom of Saudi Arabia extends it appreciation to all, including the […]

     
  • Oil Reaches Four Year High after OPEC+ Downplays Calls for Increased Production
     

    Oil rose to its highest price in four years on Tuesday, to above $81 on Brent, after Saudi Arabia and Russia appeared to downplay calls from the US to increase production. Saudi Arabia said it will boost its crude oil production “in the coming months” as it expects stronger demand, according to recent comments made by […]

     
  • The Cohen Group will Launch a Saudi Arabia Office, Company Says
     

    Global business advisory firm The Cohen Group announced today that it will launch an office in Riyadh, Saudi Arabia as the company focuses more on the region’s largest economy. The new office will “serve as the hub for the firm’s operations in the region,” the company said in a press release today. “Our decision to open a […]

     
  • Report: Top Tech Companies Remove Accounts Related to Anti-Saudi ‘Iranian Propaganda Operation’
     

    Facebook, Twitter, and Alphabet collectively removed hundreds of accounts tied to an alleged Iranian propaganda operation on Tuesday, while Facebook took down a second campaign it said was linked to Russia, according to a Reuters report. Facebook Chief Executive Mark Zuckerberg said the accounts identified on his company’s platform were part of two separate campaigns, […]

     
  • Kingdom of Saudi Arabia Contributes $100 Million for Syria’s Stabilization Efforts: Raqqa and Areas of Northeast Syria Liberated from ISIS
     

    Saudi Arabia has announced that it has contributed $100 million for Global Coalition to Defeat ISIS-supported stabilization projects in areas liberated from ISIS in northeast Syria, the largest Coalition contribution to date for these liberated areas. “This substantial contribution will play a critical role in the Coalition’s efforts to revitalize communities, such as Raqqa, that […]

     
  • C3 U.S. – Arab Healthcare & Business Summit 2018 Set for Monday September 24th in New York City
     

    The C3 U.S. – Arab Healthcare & Business Summit 2018 will assemble business leaders, policy makers, educators and healthcare professionals from the Arab world and the United States to bolster and promote U.S. and Arab world initiatives that are focused on the most up-to-date healthcare topics including infrastructure, the shift from communicable diseases, the future […]

     
  • Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman
     

    Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department. Secretary Pompeo “thanked the Crown Prince for Saudi Arabia’s support for northeast Syria’s urgent stabilization needs, its engagement with the Iraqi government, and its […]

     
  • Conflicting Reports on PIF Interest in Massive Tesla Stake
     

    Conflicting reports have surfaced on the interest level of Saudi Arabia’s sovereign wealth fund in purchasing a large stake in Tesla, which could enable the electric car company founded by Elon Musk to go private. Saudi Arabia’s Public Investment Fund (PIF) is “working to be part of any investor pool that emerges to take Tesla private,” Bloomberg News […]

     

MUST-READS

  • Perspective: Will Biden’s Pact with Israel draw the U.S. into Another Middle East War?

    On 14 July 2022, U.S. president Joe Biden and Israeli prime minister Yair Lipid, signed the Joint Declaration on the US-Israel Strategic Partnership. The U.S. pledged “never to allow Iran to acquire a nuclear weapon, and that it is prepared to use all elements of its national power to ensure that outcome.”

  • Can the U.S. Win the Long Game for the Middle East?

    With a consistent and bipartisan realist Middle East policy, the Saudis and other crucial allies will view Washington as a more dependable patron and will thus be more willing to engage on various geostrategic and diplomatic issues. The president’s attempt to reset America’s relationship with its Gulf allies also presents Washington with an opportunity to pursue a more pragmatic and sustainable human rights agenda: a balance between a problematic policy of unconditional support and a counterproductive “pariah” strategy.

  • U.S. issues sanctions targeting Iran petroleum and petrochemical sales

    The U.S. unveiled a fresh spate of sanctions against six entities that have facilitated the international sale of Iranian petroleum and petrochemical products.

  • Kingdom of Saudi Arabia and U.S. military begin planning for Exercise EAGLE RESOLVE

    The annual exercise, in its 16th iteration, is designed to develop and employ a Combined Joint Task Force capable of responding to the complexity of the current and emerging regional threats in the United States Central Command area of responsibility.

  • U.S. kills al-Qaeda leader Ayman al-Zawahiri

    A loud blast was heard in the Shirpur neighborhood in central Kabul. The district, long a derelict area owned by the Afghan Defense Ministry, was converted into an exclusive residential area of large houses in recent years, with senior Afghan officials and wealthy individuals owning mansions there.

  • U.S. Eyes Sanctions Against Global Network It Believes Is Shipping Iranian Oil

    The U.S. is considering sanctions that would target a United Arab Emirates-based businessman and a network of companies suspected of helping export Iran’s oil, part of a broader effort to escalate diplomatic pressure on Tehran as U.S. officials push to reach a deal on Iran’s nuclear program.

  • Enhancing Maritime Cooperation: A Joint Statement Between the Iraq Navy and U.S. 5th Fleet

    The two leaders shared their visions for regional maritime security and agreed to continue to strengthen relations through the exchange of intelligence information and experiences to provide training opportunities that will enhance the proficiency of members of the Iraqi naval force as officers and enlisted, and to continue the naval patrols of all regional countries in the Arabian Gulf in order to maintain maritime security and promote the free flow of commerce and stability in regional and international waters.

  • Fact Check-Meme touting the Permian Basin as quick fix for U.S. domestic oil needs oversimplifies the economics and structure of the oil industry

    The U.S. Geological Survey estimates that all over the United States there are 373.1 billion barrels of technically recoverable crude oil resources (here) (see table 1). Such a definition would include the crude oil that can be produced using currently available technology and industry practices regardless of economic or accessibility conditions (here). When only considering proved reserves, the figure decreases to 47.1 billion barrels.

  • Fact Check: Meme touting the Permian Basin as quick fix for U.S. domestic oil needs oversimplifies the economics and structure of the oil industry

    Estimates of oil resources are not fixed and can change over time. Experts contacted by Reuters said that setting a date for how long the estimated resources of a specific region (like the Permian Basin) could “fuel” a country was complicated by multiple variables such as technological improvement and consumption, which vary over time. They also said the meme failed to show other elements that come into play, such as the economic feasibility of recovering oil from a certain area, as well as it being a globally traded commodity.

  • U.S. becomes top LNG exporter in first half of 2022 – EIA

    U.S. LNG exports rose 12% to average 11.2 billion cubic feet per day (bcfd) in the first half of the year compared with the second half of 2021, the EIA said. Increased LNG export capacity, higher prices, and demand, particularly from Europe, helped boost exports