Abu Dhabi

A Coup In The House Of Saud?

The secret is out: the ascension of Mohammad bin Salman, displacing CIA favorite Mohammad bin Nayef as Crown Prince, was in fact a white coup...

Key Events In The Coming Week: The Summer Doldrums Arrive

With little on the US economic docket in the coming days, this week's focus is on the ECB and BoJ meeting along with minutes from the RBA and the Riksbank. In the US The key economic release this week is housing starts on Thursday. There are no scheduled Fed speaking engagements this week.

Arab States Meet To "Deliver Verdict" On Qatar Response To Ultimatum

Foreign ministers of Saudi Arabia, the United Arab Emirates, Egypt and Bahrain are meeting in Cairo today to consider whether to escalate, or less likely abandon, the boycott imposed on Qatar last month that has rattled a key oil-producing region and unnerved strategic Western allies.

Middle East At Point Of No Return As Saudi-Qatar Rift Deepens

The challenges MBS faces are enormous. Due to lower hydrocarbon revenues, he will need to change an oil-based economy into a more open, liberal and high-tech economy, capable of taking on global competition in these fields... While the Saudi leading ulema have pledged allegiance to the new crown prince, the reality remains complex... At the same time, the region is at a point of no return if the Syria-Iran and Qatar issues are not solved soon.

Multipolar World Order: The Big Picture In The Qatar-Saudi Fracture

"The American century is rapidly coming to an end. Terrorists are biting their masters’ hands and the vassals are rebelling. The unipolar world order that defers to the United States is rapidly disappearing, and the consequences are being felt in many areas of the world."

Gulf States Launch Naval Blockade Of Qatar

In what has emerged as the most significant escalation to result from the Qatar diplomatic crisis - which pits two of OPEC’s largest oil producers, Saudi Arabia and the UAE, against the world’s biggest exporter of liquefied natural gas and further disrupts stability in the region -  the biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities.

The Qatar Turmoil Fallout: Flights, Food, Football And More

Saudi Arabia, Egypt, UAE, Bahrain and others cut diplomatic ties with Qatar. What does this mean for Qatar's economy and people doing business there? An initial look reveals that troubling things are in store for the small but rich gulf nation, which happens to be the host nation of the 2022 World Cup.

Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020

"What I don’t hear people asking is, ‘then what?’ Are the Saudis going to maintain these production cuts forever, or at some point do they have to start reversing that? I think in 2018 they will be reversing those production cuts..."

OPEC Deal Backfires: Saudis Lose Market Share To Iran, Iraq

Since the start of OPEC’s production cuts, oil market analysts and experts have been focusing on how U.S. shale would respond to the relatively higher and stable oil prices, possibly eating up some of the cartel’s global market share while the cuts last. But the market share war is also going on a micro level within OPEC itself...

Why The Crude Rally Has Fizzled - Part 2

So, why is everyone so bullish? Many oil analysts take as a fait accompli that OPEC-led production cuts thus far are key to balancing the crude market. If this is the case, though, why hasn’t it happened yet?