Burkina Faso: Saudi Arabia Condemns Terrorist Attack

An оffісіаl source at thе Foreign Mіnіѕtrу еxрrеѕѕеd Sаudі Arabia’s соndеmnаtіоn оf the tеrrоrіѕt attack thаt tаrgеtеd a соnvоу trаnѕроrtіng workers оf a mіnіng соmраnу еаѕt of Burkіnа Faso, lеаvіng dоzеnѕ оf dеаd and wounded. Thе ѕоurсе stressed the Kingdom’s solidarity with the frіеndlу nation of Burkіnа Fаѕо аgаіnѕt tеrrоrіѕm in аll іtѕ forms, оffеrіng соndоlеnсеѕ аnd ѕуmраthу tо thе fаmіlіеѕ of the vісtіmѕ and to the gоvеrnmеnt аnd реорlе оf Burkіnа Fаѕо, wіth wishes fоr thе speedy recovery.

Peace Deal Signed Between Yemen Government, Southern Separatists

The government of Yemeni President Abdrabbuh Mansur Hadi and the Southern Transitional Council signed an agreement Tuesday in Riyadh to halt infighting. The agreement was signed in the presence оf Sаudі Crown Prince Mohammed bіn Sаlmаn аnd his UAE соuntеrраrt. Thе Unіtеd Nаtіоnѕ was ԛuісk tо wеlсоmе and аnnоunсе іtѕ ѕuрроrt fоr the agreement.

Narendra Modi Jets to Saudi Arabia to Talk Trade

Indian Prіmе Mіnіѕtеr Nаrеndrа Mоdі is gоіng tо Saudi Arabia оn a two-day tоur. He will rеасh Riyadh оn Oсtоbеr 28 and will mееt Sаudі Kіng Sаlmаn on October 29. The Prime Minister wіll also аddrеѕѕ thе Futurе Invеѕtmеnt Inіtіаtіvе Fоrum оrgаnіzеd bу the Sаudі Arаbіаn Gоvеrnmеnt Invеѕtmеnt Fund Agency, Sovereign Wеаlth Fund.

Chesapeake Energy Bonds, Short Term, High Yield, Fixed Income Investment, Yielding 9.5% YTM

This week, Durig looks at an energy company that is making the transition from its historical focus on natural gas to be more focused on oil production. Chesapeake Energy (NYSE:CHK) has been making strides this year to transition towards a more oil focused production portfolio. Chesapeake has already increased oil in its production portfolio from 17% in 2018, to 24% as of the end of the second quarter.  The company estimates it will exit 2019 with oil representing 26% of its production. Oil is a higher margin product, so Chesapeake is already seeing the fruit of its decision (see bullet points above).

Putin Tours Middle East for Clout and Crude

Russian President Vladimir Putin visited Saudi Arabia Monday to meet with Saudi leaders.  Putin also held talks with King Salman, as well as with Saudi Arabia over Iran and Syria. The leaders’ talks focused on the issue of oil production and the price of the product in world markets. Political analysts believe that tensions between Iran and Saudi Arabia, as well as Turkey’s progress in Syria, are among the issues to be discussed at the summit of the leaders of the two countries.

Iranian Tanker “Attacked,” Oil Prices Soar

An Iranian tanker was hit on Friday in the Red Sea by two blasts, both of them, according to Iranian state media, caused by missiles. The incident took place off the coast of Saudi Arabia and soon raised fears of escalating tension between the two countries in the unstable region. The missile attack could not yet be independently confirmed, but the location of the Red Sea would be unusual— most hostilities involving Iran occur in the Persian Gulf.

Zarif: Relations with Neighbors Top Priority— Silent on Saudi Arabia

Iranian Foreign Minister Mohammad Javad Zarif has described relations with neighbors, and facilitating economic affairs, as Iran’s “top foreign policy priority.” Mr. Zarif made these remarks while answering questions from members in the Iranian Parliament. He cited his trip to Pakistan to congratulate Imran Khan after he became Prime Minister, saying he was the first foreign minister to do so.

“Insufficient”: NGOs Demand Justice in Saudi Arabia

Human Rights Watch and Amnesty International have denounced a “lack of transparency” in the trial of the 11 defendants for the murder of Saudi journalist Jamal Khashoggi. “The Saudi Arabian government should make clear to the world that it would be willing to cooperate with a UN investigation, including allowing access to evidence and suspects implicated in the crime in Saudi Arabia,” said Sarah Leah Whitson, Middle East director at Human Rights Watch. “If the Saudi government seeks a UN investigation into the recent attack on its oil facilities, then it should also show that it is committed to and will cooperate with an investigation into this murder.”

Khashoggi’s Son Defends MBS Over Father’s Murder

Salah Khashoggi, son of the murdered Saudi journalist Jamal Khashoggi, has come out in defense of Saudi authorities, accusing “enemies of the motherland” of “exploiting” the case ahead of the first anniversary of his father’s killing. “A year has gone by since the passing of my beloved father. During this time, opponents and enemies in the East and West sought to exploit his case . . . to undermine my country and leadership,” he said in a tweet.

MBS Denies Ordering Khashoggi Murder in Turkey

Saudi Crown Prince Mohammed bin Salman said he assumed “full responsibility” for the death of journalist Jamal Khashoggi, a critic of the regime, but denied ordering the murder. “This was a heinous crime but I take full responsibility as a leader in Saudi Arabia especially because it was committed by individuals working for the Saudi government,” the Crown Prince said in an interview with the US TV program 60 Minutes on Sunday.

MBS Warns of Possible War with Iran, Disruption to Global Economy

Crown Prince Mohammad bin Salman of Saudi Arabia has said that if other countries of the world do not come together to deal with the threat of Iran, then it will affect the supply of crude oil in the world market and the prices of oil could rise unexpectedly. In an interview with the American TV program, 60 Minutes, he said that if the tension between Iran and Saudi Arabia increases, it will affect the global economy.

Yemen’s Houthis Claim to Capture Thousands of Saudi Troops in Raid

Houthi militants claim to have captured many militants during a massive attack on the southern border of Saudi Arabia. So far, no independent sources have confirmed the news, and Saudi Arabia has been silent. Yemeni Houthis say they conducted the largest military operation against the Saudi-led coalition forces during the three days ending on Saturday, and have “liberated” hundreds of square kilometers of areas under their control.

Saudi Arabia Launches New Tourism Visa, Opening to the World

Saudi Arabia has taken a new step in its opening to the world with the presentation of a tourist visa this Friday. The measure, which makes the relatively-closed country more accessible, constitutes one of the pillars of reform promoted by the heir and de facto ruler, Crown Prince Mohammad bin Salman. In addition to contributing to diversifying the economy, the authorities expect tourism to help improve the international reputation of the Kingdom.

UN General Assembly: Macron Plays Matchmaker, Trump Offers to Mediate

French President Emmanuel Macron’s efforts to arrange a meeting between the US and Iranian leaders continued in New York on Tuesday. Hassan Rouhani described Mr. Macron’s efforts to lift US sanctions against Iran as a success, but Donald Trump said in a speech at the UN General Assembly that sanctions would not be lifted as long as Iran’s threatening behavior continues. Mr. Macron first met with Mr. Rouhani on Monday night. He said on Tuesday evening that Mr. Rouhani was accompanying British Prime Minister Boris Johnson to meet with the British Prime Minister.

“We’ll Be Talking About Iran,” Trump Says of UNGA Speech

In his speech to the UN General Assembly, US President Donald Trump is expected to explain his policy towards Iran. At the same time, US Secretary of State Mike Pompeo has praised Western powers’ statements on the Saudi oil facility attack and has demanded Iran’s international condemnation. Iranian Foreign Minister Mohammad Javad Zarif has rejected talks with the United States.

Saudi Arabia and Iran Exchange Threats After Oil Attacks

Saudi authorities said they were ready to take any necessary measures in response to an attack on its oil facilities. Riyadh continues to insist that Iran is responsible for last week’s attacks. The Saudi Ministry of Foreign Affairs said it had reviewed the preliminary results of the investigation after the attack on oil facilities, in which it claims Iranian-made weapons were used in the attack.

United Nations Welcomes Houthis’ Ceasefire Proposal in Yemen

Yemeni Houthis have offered to halt all attacks against Saudi Arabia if Saudi Arabia stops its attacks and the coalition it leads. The United Nations Special Envoy for Yemen welcomed the proposal, and described it as a first step towards ending the six-year war in Yemen. “This proposal could send a powerful message of the will to end the war,” Special Envoy for Yemen Martin Griffiths said on Saturday.

Iran’s Revolutionary Guard Chief Warns Against Potential Attack

The Commander in Chief of Iran’s Revolutionary Guard Corps, Hossein Salami, warned against attacking his country, saying that any such attack would result in the destruction of the invader. The statement of Gen. Salami comes after Washington’s announcement to send troops to Saudi Arabia and the United Arab Emirates, following the attack on Saudi oil installations last week. Tehran denied the allegations of involvement in the attack.

Iranian Foreign Minister: Attack Would Mean “All-Out War”

Iranian Foreign Minister, Mohammad Javad Zarif, said today that it would be “all-out war” if Saudi Arabia or the United States dared to carry out a military attack on Iran. The already frosty relationship between the US and Iran has escalated in recent days, following attacks on two Saudi oil plants that Washington and Riyadh have attributed to Tehran. However, Tehran has maintained its innocence in as far as the attack is concerned, and it denies any involvement in any way whatsoever.

Iranian Foreign Minister Warns of “All-Out War” if Attacked

The Iranian Foreign Minister has wrarned that any attack on his country would be considered “all-out war,” after the US Secretary of State supported Saudi Arabia’s defense after the attack on Saudi oil facilities. Javad Zarif has said this after his US counterpart, Mike Pompeo, said that the attack on Saudi oil facilities was an act of war, that Iran’s actions were unbearable, and that the United States was following the recent attacks on Saudi Arabia’s crude oil facilities.

Is Yemen Turning into Saudi Arabia’s Vietnam?

The Saudi monarchy experienced attacks against their oil production facilities in the last week. Tensions in the Middle East escalated following the drone attacks on the two largest oil facilities in Saudi Arabia. Yemen’s Houthi rebels claimed responsibility for the attacks.

The global economic impact will be felt, since Saudi Arabia lost more than half of their crude output via the attacks. The nation is the number one oil producer in the world, holds 5% of the global oil supply, and cut output by 5.7 million barrels per day. last year, Aramco’s net income was $111.1 billion.

Aramco Steps Up Efforts to Maintain Oil Exports

Saturday’s attack on Saudi oil facilities has disrupted Saudi refinery production. Aramco is trying to make orders for its oil deliveries. Saudi Arabia is said to have been forced to buy low-sulfur diesel. The extent of the damage to the Saudi oil facilities is still unclear. Some experts believe it could take several months to rebuild and repair the damage caused by the attack on the refinery. The question in the global energy markets is currently about Saudi Arabia’s ability to carry out oil orders and refinery products.

Former Sudanese President Omar al-Bashir Accused of Receiving Millions from Saudi Arabia

Former Sudanese President Omar Hassan al-Bashir, who had been in power for nearly thirty years, appeared in court in Khartoum, the capital, on charges of corruption and killing. A Sudanese prosecutor said in June that millions of dollars of foreign currency were found in sandbags at Mr. Bashir’s home. He faces other charges. Mr. Bashir’s lawyers dismiss the charges against him as unfounded.

US Forces Deployed in Saudi Arabia Amid Growing Tension With Iran

US forces are deployed in Saudi Arabia to defend US interests in the face of “serious emerging threats,” the Pentagon said. The move comes amid growing tension with Iran over the safety of shipping lines in the Gulf. Saudi King Salman bin Abdul Aziz has agreed to “host US forces to enhance security and stability in the region,” according to the Saudi Press Agency.

Are Oil Prices About to Gush?

International Roundup: Borders, Migrants and Leadership Changes

America’s Troubled History with Saudi Arabia