Saudi Arabia

Russia and Saudi Arabia agree on stabilizing oil prices, indications of oil price hike

russia-saudiHangzhou : Russia and Saudi Arabia have agreed that joint efforts should be made to stabilize the oil market by controlling the oil prices, which are experiencing a fall for two consecutive years. It was informed that the two countries signed an agreement in this regards on the sidelines of the G-20 summit in China. As per the agreement, the two countries have decided to set up a ‘Joint task force’ in order to stabilize the oil market. This decision was welcomed by Qatar, Kuwait and the United Arab Emirates.  It is said that this agreement between the world’s leading oil producers may alter the existing equations of the oil market.

The prices of oil have slashed from over $100 per barrel to less than $30 during the last two years. The steep fall in the prices strongly affected the economies of the oil producing countries. In the meanwhile, the US created its own niche in the oil market by not only becoming self-reliant in the oil production, but also exporting the oil, thanks to the ‘shale oil’ production. Since the US wanted to increase its share in the oil market, Russia and Saudi Arabia had refused to reduce their production and exports.

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Middle East

Saudi and Israel`s alliance against terrorism, claims CIA Director Mike Pompeo California: “Saudi Arabia and Sunni Arab nations are working in coalition with Israel to tackle terrorists in the Middle East”, said US CIA Director Mike Pompeo in a stirring statement. He also claimed that Gulf States and Middle East will be more secure, if this cooperation between Israel and Saudi Arabia continues. While speaking at the ‘Reagan National Defense Forum’ in

आखात विस्फोट की दहलीज पर

खाड़ी प्रचंड विस्फोट की दहलीज पर खड़ा है – अमरिकी विश्लेषक का इशारा वॉशिंगटन/रियाध: लेबनॉन के प्रधानमंत्री का इस्तीफा, येमेन के सऊदी अरेबिया पर हमले और सऊदी राजपुत्र की ओर से देश के प्रभावशाली व्यक्तियों के खिलाफ चल रही कारवाई, यह घटनाएं खाड़ी एक बड़े विस्फोट के नजदीक है इसके संकेत देने वाली हैं, ऐसा इशारा अमरिका के विश्लेषक रॉबर्ट मेली ने दिया है। ‘इंटरनेशनल क्राइसिस ग्रुप’ के अभ्यास समूह

News from Saudi Arabia

Russia and Saudi Arabia agree on stabilizing oil prices, indications of oil price hike Hangzhou : Russia and Saudi Arabia have agreed that joint efforts should be made to stabilize the oil market by controlling the oil prices, which are experiencing a fall for two consecutive years. It was informed that the two countries signed an agreement in this regards on the sidelines of the G-20 summit in China. As