Saudi Arabia Floods Market with Cheap Oil to Squeeze Out Russia
Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering its own cheap barrels instead after their long-standing deal to support global oil prices fell apart, seven oil sources said.
Coronovirus has stopped these major events in the Middle East
As the coronavirus has spread around the world, countries and events organisers have been compelled to take measures to stop the spread of the virus and protect their citizens.
China Ningbo Containerized Freight Index (Middle East routes) falls significantly
The China Ningbo Containerized Freight Index (NCFI) reported a plunge in freight indices in the Middle East routes.
Erdogan’s Chinese Gamble
Turkish President Recep Tayyip Erdogan is betting big on China. The result is a Turkish government that is drifting ever deeper into China’s orbit, and away from the West.
Trump says US ‘locked and loaded’ after Saudi Arabia attack, as oil prices soar
Donald Trump has said the US was “locked and loaded” and to ready respond to drone attacks on a petroleum processing facility in Saudi Arabia, saying the US knew who was behind them.
Saudi Arabia strikes $10bn China deal
Saudi Arabia signed 35 economic cooperation agreements with China worth a total of $28bn at a joint investment forum during the visit, according to Saudi Arabia's SPA state news agency SPA.
Petrochemicals giant SABIC isn’t worried about China’s growth slowdown
The Middle East’s largest public company is expanding its investments in China despite an expected slowdown in the country’s economic growth, its CEO said Monday.
Saudi Arabia To Raise Oil Shipments To China
Saudi Arabia sealed deals with Chinese oil importers that will see the Kingdom’s exports to China rise to 1.67 million barrels daily in 2019, Reuters reports, citing a statement from state oil giant Aramco.
‘Trump Will Be Furious’: Tension Between U.S. and Israel Over China Infrastructure Projects
Tightening Israel-China ties have not yet reached Trump's desk, but one U.S. official warns he will not take to it kindly.
China banks stop dealing with Iran ahead of US sanctions
The head of Iran-China Chamber of Commerce Asadollah Askaroladi announced that Chinese banks have stopped dealing with Iranian companies ahead of US sanctions scheduled...
