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The rise of fracking has transformed America's fossil fuels sector. With fracked oil and natural gas, the United States has once again become one of the world's top energy producers, nearly matching Saudi Arabia and Russia. Natural gas in particular has gotten wide attention, in part because it is much more carbon-efficient than coal when burned to produce electricity. The slogan was that it could serve as a "bridge fuel" between dirty coal and clean renewables — and thus fight climate change, at least relative to continuing reliance on coal. It's increasingly clear, however, that natural gas... [Read More]
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The Grain Belt Express, a long-delayed power line project that would connect the Eastern power grid to the "Saudi Arabia of Wind" in western Kansas, cleared a major hurdle Tuesday when the Missouri Supreme Court struck down a regulatory obstacle in its path. [Read More]
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The kingdom and the UAE are both modern military powerhouses, spending billions on arms every year, yet are being thwarted by a group of guerrilla fighters... [Read More]
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'Whatever your political stripes, everyone has to be behind this'... [Read More]
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Plunging drilling costs have sparked an explosion of production out of the Permian Basin of West Texas. In fact, Texas is pumping so much oil that it will surpass OPEC members Iran and Iraq next year, HSBC predicted in a recent report. If it were a country, Texas would be the world's No. 3 oil producer, behind only Russia and Saudi Arabia, the investment bank said. "It's remarkable. The Permian is nothing less than a blessing for the global economy," said... [Read More]
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The ban was in response to the deaths of a 13-year-old girl and a 12-year-old boy who reportedly killed themselves... [Read More]
The country seems to have banned dozens of games following suicides supposedly inspired by the Blue Whale Challenge. [Read More]
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Lockheed Martin has received a $450.7 million modification to an existing contract for production of four Multi-Mission Surface Combatant ships for Saudi Arabia. [Read More]
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The decision comes in response to reports of two Saudi children killing themselves after playing the online game "Blue Whale." [Read More]
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Saudi Arabia on Tuesday executed seven people convicted of criminal offenses, including five men for the robbery and murder of a Pakistani warehouse guard in the western city of Jiddah. [Read More]
Saudia Arabia says it has executed five men, including two Saudis, convicted for the robbery and murder of a Pakistani warehouse guard in the western city of Jeddah. The Interior …... [Read More]
Saudi Arabian Mining Company (Ma'aden) said its subsidiary Ma'aden Bauxite and Alumina Company (MBAC) refinanced loans totalling 7.75 billion riyals ($2.1 billion) on improved terms. [Read More]
Saudi Arabian Mining Company (Ma'aden) said its subsidiary Ma'aden Bauxite and Alumina Company (MBAC) refinanced loans totalling 7.75 billion riyals ($2.1 billion) on improved terms. [Read More]
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Saudi Arabia on Tuesday executed seven death row inmates who had been convicted of murder and drug trafficking, state media reported. The ultra-conservative kingdom has one of the worlds highest rates of execution, with suspects convicted of terrorism, homicide,... [Read More]
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REUTERS/Murad Sezer Qatar Airways Group CEO Akbar Al Baker has alleged that Qatar's Middle Eastern adversaries are trying to intimidate suppliers, manufacturers, and banks into shunning the country. Al Baker also said that his country will "remember" those who turn their backs on his homeland Since June 2017, several of Qatar's Persian Gulf neighbors including Saudi Arabia, The United Arab Emirates, and Bahrain have cut off all relations with the nation. FARNBOROUGH — Over the past year, Qatar Airways has had to battle financial headwinds resulting from a blockade instituted by the Middle... [Read More]
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Iran's Ayatollah Ali Khamenei said Mecca "belongs to all Muslims," and their security during Hajj was a God-given right that Saudi Arabia fails to uphold. [Read More]
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Oil-exploration stocks are dropping after Bloomberg reported Saudi Arabia will add supplies to the global market. Additionally, The Wall Street Journal reported Friday that the US was considering a draw on supplies in its Strategic Petroleum Reserve. One of the main oil exchange-traded funds is also lower. Watch the SPDR S&P 500 Oil And Gas Exploration ETF trade in real time here. Oil explorers are getting hammered Monday following a Bloomberg report that Saudi Arabia is adding supplies to the global oil market by offering some Asian buyers extra volumes beyond its contractual... [Read More]
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Saudi Arabia says it's banning 47 games including popular names like Grand Theft Auto V, Assassin's Creed II, Witcher and more after children's death. [Read More]
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A flight school in Saudi Arabia is opening its doors for women, following the end of a decades-long driving ban in the deeply conservative Muslim country where many social restrictions are easing. [Read More]
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Oil prices fell more than 3% on Monday. Saudi Arabia looks poised to shoot for record output. Analysts say Russia could also raise production more than previously expected. Watch oil trade in real time here. Crude oil fell more than 3% on Monday after reports that Saudi Arabia is offering extra cargo, raising expectations for the world's largest oil exporter to work toward record production in the coming months. West Texas Intermediate crude, the US benchmark, fell 3.4% to $68.20 a barrel. Brent, the international benchmark, shed 2.2% to $73.22. Saudi Arabia... [Read More]
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