The latest rally comes against a backdrop of already tight inventories. OECD July crude oil stocks stood at 2.76 billion barrels, up 9.8 million barrels from June but still 47.9 million barrels below…
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There was a time when Pakistan could still distinguish an alliance from an employment contract. In April 2015, Saudi Arabia wanted Pakistani aircraft, warships and troops for its war in Yemen.…
Riyadh needs to restore deterrence without being pulled back into a prolonged Yemen war.
The kingdom reported to OPEC that crude output fell by 1.9 million to 6.238 million barrels per day in August.
Houthi control of the Bab al-Mandab Strait would be a setback for the Trump administration in its war with Iran, which has already blocked the Strait of Hormuz.
Rebels announced ‘maritime embargo’ against kingdom’s exports in July, forcing world’s biggest exporter to cut production ...
Yemen's Houthis seized control of the strategic Red Sea port city of Mokha on Thursday, a Yemeni military source told AFP, as the Iran-backed group reported fresh strikes by Saudi forces. The…
The Morning Manifest
One briefing, every morning at 07:00 Riyadh time — the cargo and freight stories that matter across the Kingdom and the region.
