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  • UK’s Lighthouse Green Fuels Project gets Saudi £1bn

    A plant which will convert household waste into aviation fuel on Teesside is to receive a £1bn investment from its Saudi Arabian owners. Alfanar said 700 jobs would be created in the construction of the Lighthouse Green Fuels Project at Billingham and 240 jobs when it is operational. The project aims to make fuel which produces 80% fewer greenhouse gases than current fossil fuels.

  • UK PM Johnson heads to Saudi Arabia; defends visit after mass execution

    British Prime Minister Boris Johnson defended on Wednesday his decision to visit Saudi Arabia where he is seeking increased supplies of oil, saying ties with the country were very important and promising to raise human rights issues. Johnson arrived in the United Arab Emirates and will later visit Saudi Arabia as part of efforts to secure additional oil flows to replace Russian hydrocarbons and increase diplomatic pressure on Russian President Vladimir Putin over his invasion of Ukraine.

  • OPEC flags risk to oil demand outlook from Ukraine war, inflation

    In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) stuck to its view that world oil demand would rise by 4.15 million barrels per day (bpd) in 2022 and increased its forecast of global demand for its crude. But OPEC, which just a month ago had raised the possibility of a more rapid demand increase in 2022, said the war in Ukraine and continued concerns about COVID-19 would have a negative short-term impact on global growth.

  • Commentary: The Ukraine conflict has Persian Gulf monarchies hedging their bets

    The gulf monarchies’ ambiguity over Ukraine is more about their relations with the United States than their interests in Russia. As other global and regional powers seek to fill the vacuum left by American retrenching from the region, extreme hedging has become appealing. If two global powers are in conflict — in this case, the United States and Russia — aligning with neither of them, or with the third global power, China, may seem wise.

  • Middle East investors set to snap up $1.5bn in UK commercial property in 2022

    The region's accelerated investment in Britain’s commercial property landscape is set to be 33 per cent higher in 2022 than last year, according to Knight Frank, with office assets taking centre stage despite Britain’s employees making a slow return to city centres following the pandemic-induced work-from-home trend.

  • U.S. Strategy and the Real Lessons of the War in Ukraine: From Cooperation with Russia and China to Lasting Confrontation

    For all the talk of resuming the Cold War, the reality is radically different. The United States and its strategic partners now confront two superpowers – not just one – and powers that pose both a global as well as a regional challenge. A rising China is also becoming the most serious threat. It is becoming a serious nuclear power, it is modernizing its conventional forces far more quickly than Russia, and it is a growing technological rival to the U.S. and its partners. Its Belt and Road Initiative (BRI) as well as its global trade and investment efforts are also a far more effective method to use its civil-economic power to win strategic influence.

  • Syria recruiting troops from its military to fight with Russian forces in Ukraine

    One such notice addressed to ”the men of the 4th Division security office’, offers an “employee contract for immediate enlistment and in addition to seeking basic details, provides a job description that includes “military raids, operations abroad and travel to Ukraine, with all provided. Salary is up to $3,000 depending on experience.”

  • U.S. Won’t Negotiate Ukraine-Related Sanctions With Russia to Save Iran Nuclear Deal

    “I don’t see the scope for going beyond what is within the confines of the JCPOA,” the U.S. official said, referring to the 2015 nuclear deal formally known as the Joint Comprehensive Plan of Action. “I think it’s pretty safe to say that there is no room for making exemptions beyond those.”

  • Consumers Hit Back at Russia’s Invasion of Ukraine as Oil Exports Diminish

    The IEA’s release of over 60 million barrels of emergency oil stocks was the largest in IEA history. But there is increasing recognition of the need to coordinate such short-term measures with longer-term solutions.

  • On Watching Ukraine Through Palestinian Eyes

    When the inevitable Russian veto came down, Western diplomats emphasized how it highlighted Russia’s isolation. Indeed, Russia was Isolated. Just as the United States has been each time it cast the lone UNSC veto on over 40 resolutions condemning Israel’s violations of international law and abuses against Palestinians.