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Qatar Restores Full Diplomatic Relations with Iran
- August 25,2017
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- SUSTG Team
Qatar restored full diplomatic relations with Iran on Thursday and promised to send its ambassador back to Tehran as the Gulf nation digs in against the demands of several Arab nations, including Saudi Arabia. According to the AP, in announcing its decision, Qatar made no mention of the diplomatic crisis roiling Gulf Arab nations since June, […]
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The Next U.S. Ambassador to Saudi Arabia?
- August 22,2017
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- Lucien Zeigler
President Trump is rumored to be nearing a selection for U.S. Ambassador to Saudi Arabia, according to reports. A New York Times reporter tweeted today that Dave Urban, who ran President Trump’s surprise successful campaign in Pennsylvania in 2016, is said to be the President’s pick for the U.S. Ambassador to Saudi Arabia. The top American newspaper’s […]
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‘Continued Improvement in Saudi Arabia’s Fiscal Position’ Seen as Revenues Increase
- August 17,2017
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- SUSTG Team
The latest quarterly budget performance report by Saudi Arabia’s Ministry of Finance showed a continued improvement in Saudi Arabia’s fiscal position, according to a recently released report by the Riyadh-based Jadwa Investment. “Due to an increase in government revenues, by 6 percent, and a drop in expenses by 1 percent, year-on-year, the fiscal deficit declined […]
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New York Reportedly Pulls Ahead of London in Aramco Listing Race for ‘Political Considerations’; Final Decision Rests with Crown Prince Mohammed
- August 11,2017
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- SUSTG Team
Despite a report in July that Saudi Aramco’s advisers have reportedly recommended London for the historic listing of the oil company, a new report now says Saudi Arabia favors New York in part because of the strength of the U.S.-Saudi relationship. Reuters originally reported that US disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has […]
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Report: Saudi Oil Minister Khalid Al-Falih Met With Top Commodity Hedge Funds
- August 4,2017
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- SUSTG Team
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih met in private with some of the world’s top commodity hedge funds in July, a break from tradition in order to gather investor views on the state of the market, Bloomberg reports. In the past Saudi Arabian officials have criticized the role of speculators and hedge funds in […]
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OPEC Discipline Partly to Blame for Oversupply, but Saudi Leadership May Boost Prices
- July 25,2017
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- SUSTG Team
Jadwa Investment’s recently released quarterly oil market update for Q2 2017 questions if discipline within OPEC is waning as oil’s price continues to stay low on international indices as high supply persists, but recent moves by Saudi Arabia in Russia this week indicate action is forthcoming to curb supply. Oil prices declined by 8 percent […]
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U.S. Removes Laptop Ban on Flights from Jeddah, Saudi Arabia; Riyadh to be Inspected by U.S. Officials ‘This Week’
- July 18,2017
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- SUSTG Team
The Trump administration on Monday lifted the ban on carrying laptops onboard Saudia Airlines, the last airline facing in-flight restrictions on electronics, a TSA spokesman has said. The removal only affects passengers on Saudia flying out of the airline’s hub in Jeddah, Saudi Arabia. US government officials will visit Riyadh’s King Khalid International Airport “later this […]
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CNN Publishes 2013 ‘Secret Agreements’ Between Gulf States Barring Support for Opposition and Hostile Groups
- July 11,2017
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- SUSTG Team
CNN has exclusively published documents showing that Qatar made a series of secret agreements with its Gulf neighbors in 2013 and 2014 barring support for opposition and hostile groups in those nations, as well as in Egypt and Yemen. The agreements themselves were not secret, but until now the exact wording in the documents was […]
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Saudi Aramco Releases 2016 Annual Review
- July 10,2017
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- SUSTG Team
Last week, Saudi Aramco released its annual review for 2016, a detailed overview of Saudi Arabia’s upstream and downstream energy operations, national strategy, and international activities and investments. The Annual Review for 2016, which is released halfway through the following year, takes on special significance as the Kingdom embarks on its Vision 2030 economic and social […]
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Blockade of Qatar Continues as Response to Demands Viewed as ‘Negative’
- July 6,2017
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- SUSTG Team
The foreign ministers of four Arab countries led by Saudi Arabia said they regretted Qatar’s “negative” response to their list of demands and said the blockade of the country would continue. Saudi Arabia, Egypt, Bahrain and the UAE severed ties with Qatar last month and Saudi Arabia has closed its airspace and land border with […]
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Iran: Ready for Unconditional Prisoner Swap With U.S.
Last week, U.S. officials said they were making progress in efforts to secure the release of a detained Navy veteran in Iran. But they were also pushing back on Iranian suggestions that a swap was in the works for the imprisoned Iranian professor.
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U.S. Eyes Troop Drawdown in Egypt’s Restive Sinai
The plan, which officials say faces opposition from the State Department and Israel, could hobble the peacekeeping mission at a time when Islamic State’s insurgency in the area is flaring again. A series of deadly attacks have targeted Egyptian forces, including an improvised bomb that killed and injured 10 soldiers on April 30, according to the country’s military.
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U.S. Unemployment rate soars to 14.7% in April
The U.S. economy shed a record 20.5 million jobs in April as the unemployment rate skyrocketed to 14.7% — more than quadrupling from the rate seen before the coronavirus outbreak — according to government data released Friday.
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U.S. to Remove Patriot Missile Batteries from Saudi Arabia
The U.S. is removing four Patriot missile batteries from Saudi Arabia along with dozens of military personnel sent following a series of attacks on the Saudi oil facilities last year, according to several U.S. officials. The attacks were part of hostilities that took place over several months.
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In U.S. shale bust, frack-sand miners are the new coal companies
The shale bust in early March has turned the frack sand mining business into the new coal. As U.S. oil prices plunged, sand suppliers have shut mines, dismissed workers and slashed operations as customers stop drilling and fracking new shale oil wells. “You can drive by plants and see which ones have already been walked away from,” said Peter Allen, a director at closely held Black Mountain Sand, which operates mines in Texas and Oklahoma.
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Why Import Oil? Saudi Cargoes Help U.S. Refiners
It’s very different from U.S. West Texas Intermediate, which is light and “sweet.” The two crudes aren’t interchangeable in refiners’ systems. In addition, Saudi crude often is considered a “base load,” typically doesn’t spend time in storage and won’t take up U.S. storage space. Again, Saudi crude is needed by some U.S. refiners to optimize manufacturing of certain products.
- U.S.-Saudi Nuclear Cooperation: Progress Stalled over Nonproliferation Conditions and Unclear US Agency Management
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U.S. seizes millions, disrupts purchase of oil tanker in move targeting Iran’s elite Quds Force
Prosecutors allege the men were part of a scheme that channeled money through the United States to buy the tanker in a conspiracy that supported the IRGC, which the U.S. government designated a foreign terrorist organization last year.
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The U.S. Risks Losing the Drone-War Arms Race
Military drone technology was pioneered by Israel in the 1980s and later developed by the U.S. to fight the global war on terror. But success brought complacency, and in recent years countries such as China, Turkey, Iran, and Russia have made rapid progress in building their own drones.
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U.S. should keep Congress informed about nuclear talks with Saudis, GAO says
The U.S. Departments of State and Energy should commit to regular briefings to relevant committees in Congress on talks about nuclear power cooperation with Saudi Arabia, a congressional watchdog said in a report on Monday. The Government Accountability Office, or GAO, report said Congress should consider amending the 1954 Atomic Energy Act, or AEA, to require the briefings for the House Committee on Foreign Affairs and the Senate Committee on Foreign Relations about negotiations on nuclear power sharing.
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