An increase in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according to one analyst, with crude futures on track to register a weekly loss. U.S. oil production surged by almost 600,000 barrels per day (bpd) in August, government data published Thursday showed, hitting a record of 12.4 […] Read more
Lebanese Prime Minister Saad Hariri announced his intention to resign from his position on Tuesday, nearly two weeks into mass anti-government protests that have gripped the Middle Eastern country of 6 million. “I have reached a dead end today,” Hariri said from Beirut, as he appealed to all Lebanese to “protect civil peace.” He addressed […] Read more
A high-level committee of Saudi Basic Industry Corporation (Sabic) executives are working on a post-Aramco IPO (initial public offering) strategy, including possible acquisitions, as the kingdom puts the final touches on the critical stock market offering. “I am very optimistic,” Sabic Vice Chairman and CEO, Yousef Al Benyan, told a small roundtable of reporters at […] Read more
Once a political rock star, Canadian Prime Minister Justin Trudeau is facing challenging general elections on Monday after two major scandals tainted his image. Trudeau, 47 is viewed as one of the last remaining progressive leaders in the western world. He was endorsed by former Democratic US President Barack Obama in the final stretch of […] Read more
Western countries have widely condemned Ankara for its military operation in northeast Syria, but Luxembourg’s top diplomat said they could be dragged into the conflict should Turkey, a NATO member state, trigger the body’s defensive clause. In an interview with German radio Bayerischer Rundfunk on Monday, Luxembourg Foreign Minister Jean Asselborn said that if Turkish […] Read more
A geothermal heat and power project in the southwest of England has secured £16.8 million ($21.23 million) in funding. In an announcement Monday, educational charity the Eden Project and EGS Energy Limited said the money would enable the first phase of the scheme, which includes the drilling of a 4.5 kilometer-deep well and a research […] Read more
President Donald Trump blasted the conservative cable network Fox News on Thursday after it reported that its new poll on impeachment found a majority of respondents favoring his removal from office. “Whoever their Pollster is, they suck,” Trump lashed out on Twitter, a day after the Fox poll showed that a new high of 51% […] Read more
The contentious inclusion of a song by convicted pedophile Gary Glitter in “Joker” has sparked a wave of criticism from moviegoers, with many concerned the disgraced former glam rock singer will be entitled to lucrative music royalties. The R-rated comic book movie smashed box office records over the weekend, with Warner Bros. hauling in $93.5 […] Read more
In this article, the author will reflect on how he visualizes the presidency of the subject summit, reaching out to what he sees as the most suitable agenda. The author referred in a previous article, to the press release that confirmed Saudi Arabia’s hosting the 2020 Summit, as such, he draws the reader’s attention to […] Read more
The World Trade Organization (WTO) has backed a U.S. request to impose tariffs on $7.5 billion of European goods, potentially sparking a new trade war across the Atlantic. Arbitrators from the WTO have granted President Donald Trump’s administration the right to levy billions against imports of European goods for what they say are illegal subsidies […] Read more
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