Saudi Arabia

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Somali Pirates Could Force Shipping Detours
Somali Pirates Could Force
Shipping Detours
ANALYSIS
Nov 18, 2008 10:43 AM CST

Somali Pirates Could Force Shipping Detours

Attacked ship anchored off Somalia

(Newser) - The pirates who seized the Sirius Star have reportedly brought their massive prize to anchor off the coast of Somalia, the BBC reports. The Saudi oil tanker’s entire 25-person crew is believed to be safe, but the consequences for international shipping may be far-reaching, Roger Middleton writes in the...

Pirates Hijack Saudi Oil Tanker
 Pirates Hijack Saudi Oil Tanker 
Nov 17, 2008 11:36 AM CST

Pirates Hijack Saudi Oil Tanker

Ship loaded with oil is taken to Somalian port

(Newser) - Pirates flying the Liberian flag hijacked a Saudi Arabian oil tanker today, the BBC reports. The Sirius Star is now bound for the port of Eyl, Somalia, a common destination for pirates to unload their booty. Currently holding its full load of 2 million barrels, the Sirius Star contains one-quarter...

Saudis Fight Extremism With... Rehab?

Saudis rehabilitate terrorists using ideological approach

(Newser) - Saudi Arabia has a particular brand of counter-terrorism: a cozy detention center where captured militants share their feelings, practice art therapy, snack on Twix, rumble on PlayStation, and leave with the prospect of a wife. The retreat, Katherine Zoepf writes in the New York Times magazine, is part of the...

$100 Oil Will Return Soon Enough: Study

Price will rebound with economy, likely to hit $200 a barrel in 2030

(Newser) - If today’s price of $60 per barrel of oil seems too good to be true, that’s because it is. Oil prices will rebound to $100 a barrel once the economy recovers, and climb toward $200 by 2030, the market’s most comprehensive review predicts. Output is declining at...

Even Oil-Rich Gulf States Hit by Financial Storm
Even Oil-Rich Gulf States Hit by Financial Storm
FINANCIAL CRISIS
Oct 27, 2008 9:51 AM CDT

Even Oil-Rich Gulf States Hit by Financial Storm

Global woes descend on Persian Gulf oil economies with a fury

(Newser) - The financial crisis has finally struck the Persian Gulf—the one area of the world that had seemed immune—as a 50% plunge in oil prices since July and a raft of currency trades gone bad has led to the first bank bailout in the area. Kuwait’s central bank...

Mass Trials Signal Saudis' Anti-Terror Progress

Nearly 1K will be tried according to Islamic law

(Newser) - The biggest mass prosecution of Islamist extremists in Saudi Arabian history is the latest clue that the kingdom’ anti-terror campaign in on track, the Economist reports. The Saudis plan to try 991 prisoners on charges ranging from committing terrorist violence to justifying it in religious sermons—and will do so...

OPEC Slashes 1.5M Barrels a Day to Boost Oil Prices

(Newser) - OPEC today decided to take 1.5 million barrels of oil per day off the markets to boost prices flirting with 16-month lows, the Wall Street Journal reports. The deep cut will take effect next month. “This slowdown in oil demand is serving to exacerbate the situation in a...

Taliban Breaks al-Qaeda Ties, Talks Peace: Report

Afghans deny secret Saudi-backed dialogue

(Newser) - The Taliban has broken all ties with al-Qaeda and engaged in peace talks with the Afghan government, CNN reports. The talks, held from Sept. 24-27 in Saudi Arabia, mark the first attempt to negotiate an end to the war in Afghanistan. But both Afghan and Taliban spokesmen are denying the...

Oprah Stirs Saudi Women
 Oprah Stirs Saudi Women 
Sep 19, 2008 5:31 AM CDT

Oprah Stirs Saudi Women

Star's message of empowerment hits home in male-controlled kingdom

(Newser) - The Oprah Winfrey Show has become a Saudi sensation, giving hope to women isolated in their homes with the talk show queen to keep them company, reports the New York Times.  Women in the conservative kingdom are delighted to see Oprah tackle taboo subjects like sex and race. Many...

Saudi Judge: Kill Offending Broadcasters

Sheik urges fatwa on owners of channels with 'corrupt beliefs'

(Newser) - The highest judge in Saudi Arabia says “it is permissible” to murder owners of satellite TV networks that broadcast questionable material during Ramadan, the Guardian reports. When a caller to his radio show asked about channels featuring “bad programs,” Sheik Saleh al-Lihedan responded, “What does the...

OPEC Cuts Oil Production
 OPEC Cuts Oil Production
Sep 10, 2008 2:23 AM CDT

OPEC Cuts Oil Production

Bid to halt price slide after summer high

(Newser) - The international oil cartel OPEC announced today it's reducing production by more than half a million barrels a day, the Financial Times reports. The decision by the cartel, which controls 40% of world oil production, stunned most analysts. The move comes as oil prices, after spiking to an all-time high...

Musharraf Will Quit Tomorrow, Flee: Mag

Presidential spokesman denies allegations

(Newser) - Pakistan President Musharraf will likely resign tomorrow, a former Musharraf aide told Newsweek, and flee to Saudi Arabia for three months of exile. Pakistan's top military commanders are aware of the news, but Musharraf's camp officially denies the story. "Your source is a liar. The information you have is...

Hey Saudis, Let the Women Play!
 Hey Saudis, Let the Women Play!
Opinion
Aug 14, 2008 10:42 AM CDT

Hey Saudis, Let the Women Play!

Time for the IOC to enforce it's no discrimination rule

(Newser) - The most beautiful sight in the Olympics' opening ceremony came when Egypt’s 26 female competitors strode into the stadium, writes Mona Eltahawy, an Egyptian Muslim, in the Washington Post. Women also carried flags for Bahrain and the United Arab Emirates, filling Eltahawy with pride. And then came Saudi Arabia—...

Saudi Cops Target Flirty Dog Walkers

Riyadh officials confiscating pets in public

(Newser) - Officials in a Saudi province have banned the sale of cats and dogs after complaints that flirtatious men are “using cats and dogs to make passes at women and pester families,” the Christian Science Monitor reports. Although owning a pet isn’t illegal, the religious police say they’...

OPEC Heads for Trillon-Dollar Payday

Oil cartel doubles its income on soaring prices, production

(Newser) - OPEC nations have shattered records for income this year, earning as much money in the first 6 months of 2008 as they did in all of 2007, the Financial Times reports. The Saudi-led cartel of oil-exporting nations took home $645 billion in the first two quarters and is on course...

China's Thirst for Gaz-Guzzlers Boosts Oil Demand

SUV sales jump 43% over last year

(Newser) - While soaring gas prices are driving Americans to buy more energy-efficient cars, Chinese consumers are opting for gas-guzzling Buicks and Hummers, reports the Washington Post. China accounts for 40% of the world's recent increase in oil demand. There were few private cars in China 15 years ago, but today there...

McCain's Foreign Policy Could Ignite Cold War II

Republican's 'cowboy antagonism' would sow discord with Russia, China, others

(Newser) - John McCain’s foreign policy—“combustible” and “idealist”—could provoke a second Cold War, pitting the world’s democracies against its autocracies, John Judis writes in the New Republic—at best creating “gratuitous tensions” and at worst wholly “reproducing” the USSR-US “confrontation.” Mac’...

Dear God: Please Lower Gas Prices!
Dear God: Please Lower Gas Prices!
Jul 4, 2008 6:21 PM CDT

Dear God: Please Lower Gas Prices!

Prayer group pleads for divine intervention with ascendant pump costs

(Newser) - Many analysts say there isn't a prayer of gas prices coming down any time soon, but there's a group out there bent on proving them wrong, reports CNS News. The Prayer at the Pump Movement, led by Seventh-Day Adventist Rocky Twyman, has been holding vigils at gas stations across the...

Saudis May Boost Oil Supply Even Higher

But OPEC blames speculators and credit crisis for high prices

(Newser) - A hastily organized summit meeting in Saudi Arabia today offered little relief to oil consumers, Bloomberg reports. The Saudis did vow to increase production if needed, but OPEC blamed speculators and the credit crisis, not markets, for surging oil prices. "Saudi Arabia is prepared and willing to produce additional...

Saudi Oil Boost Little More Than PR
 Saudi Oil Boost 
 Little More Than PR 
analysis
Jun 18, 2008 4:55 PM CDT

Saudi Oil Boost Little More Than PR

Adding half-million barrels won't dent prices, analysts say

(Newser) - Saudi Arabia consenting to increase oil output is more public-relations ploy than problem-solver, Vivienne Walt writes in Time, since the half-million extra barrels a day won't make much of a dent, if the Saudis even have that much to spare. One analyst says the move is really an attempt “...

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