Why is OPEC reserving it’s oil during the Russian/Ukraine War?

Despite the US’s authorization to release 180 million barrels from the Strategic Petroleum Reserve, Saudi Arabia and the UAE have kept to their OPEC+ commitments to increase production by 400kbd per month to support their domestic industries. Politics does play … Continue reading Why is OPEC reserving it’s oil during the Russian/Ukraine War?

Saudi Arabia Executes 81 People in one day’s Mass Execution

DUBAI, United Arab Emirates (AP) — Saudi Arabia on Saturday executed 81 people convicted of crimes ranging from killings to belonging to militant groups, the largest known mass execution carried out in the kingdom in its modern history. The number … Continue reading Saudi Arabia Executes 81 People in one day’s Mass Execution

Yemen Crisis – The world’s worst famine disaster

Escalation of fighting around Yemen’s port city of Hudaydah threatens to cut off essential supplies to millions of people who are already one step away from famine, international agency Oxfam warned today. The fighting has already forced hundreds of families … Continue reading Yemen Crisis – The world’s worst famine disaster

Saudi King Abdullah Dies of Lung Infection

  Following the death of Saudi Arabia’s King Abdullah, his brother Salman Bin Abdulaziz Al Saud has now been announced King of Saudi Arabia following a statement carried on the country’s state television. Saudi Arabia is the top oil exporter and a member of the oil rich OPEC countries, the late King had a personal wealth himself of £18 billion. Saudi Arabia as a country is extremely important historically to the world’s Muslims as it’s believed to be the birthplace of Islam. However although many have been praising King Abdullah for his ‘modernisation’ within his rule, it’s still quite apparent … Continue reading Saudi King Abdullah Dies of Lung Infection