OPEC Cartel Failure Drops Oil Prices, Rattles Markets

  • Post category:News

Following the failure of a meeting by members of the oil cartel known as OPEC (Organization of the Petroleum Exporting Countries) in Vienna last week to extend its production cuts, Saudi Arabia’s oil company, Aramco, announced price cuts across all markets and an increase in its production.

China Set to Sell Weaponized Drones to Saudi Arabia

  • Post category:News

China is preparing to sell weaponized drones to the kingdom of Saudi Arabia, drones with the range and the materiel capable of carrying out strikes against other countries in the region, according to a statement made by U.S. Secretary of Defense Mark Esper made earlier this month.

Saudi Aramco IPO to be Huge Disappointment

  • Post category:News

Saudi Arabia’s “crown jewel” — Aramco, officially the Saudi Arabian Oil Company — announced on Sunday that it is only offering 1.5 percent of itself for sale in December, at a price far less than Crown Prince Mohammed bin Salman (MBS) had hoped for. And if things don’t meet even those minimum now greatly reduced expectations, the company could pull the offering before it goes public in December.

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