Is the move a manifestation of Saudi Arabia’s new-found penchant for nationalism, which could incur a US backlash for undermining the US shale oil industry?
Prices may decline more gradually after Saudi Arabia sent a signal that a production cut deal may be ahead, and the US has said it will put pressure on Saudi Arabia and its allies for such a deal.
Moscow says it's open to renewing cooperation with OPEC after oil giants and non-OPEC members failed to agree on production cuts leading to Saudi announcement it would increase oil output.
Publicly, the US backs the UN-backed government in Tripoli. It's time it starts showing that support.
Beijing seeks normalcy in war-affected Yemen to ensure its flagship Belt and Road Initiative has safe access to the Gulf of Aden and Red Sea.
By establishing formal diplomatic relations with the Houthis, Iran complicates Riyadh’s attempts to reach a deal with the Yemeni rebel group.
Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed.
The first step towards hegemony over the Arab world was the snuffing out of the Arab Spring movements.
Saudi Arabia's energy minister said that more than half of its daily crude oil production that was knocked out by a weekend attack had been restored.
Instead of threatening to go to war for a tyrannical regime, Washington should reclaim control of US Middle Eastern policy from Riyadh.
Saudi Arabia has failed to devise a long-term strategy in the region while decades of Iranian planning now bears fruit.
Yemen's Houthi rebels attacked two Aramco oil facilities in Abqaiq and Khurais and vowed to widen the range of its attacks on Saudi Arabia, which leads a coalition fighting them in Yemen.
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