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The Latest Breaking News from Saudi Arabia

Crude Prices Jump as the U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...

Barchart

‘A tough neighbourhood’: how Gulf scientists are reaching across political divides to help coral reefs

‘Peace parks’ that establish protected areas across borders are one idea from those working to protect marine ecosystems in a region rife with geopolitical sensitivities

The Guardian - UK

Saudi Arabia sports minister says ‘everyone’s welcome’ at 2034 World Cup

Saudi Arabia’s sports minister insists everyone will be welcome at the 2034 World Cup despite the country’s criminalisation of same-sex activity.

The National (Scotland)

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Pay-per-view price revealed for Anthony Joshua and Deontay Wilder mega-card

‘AJ’ will box Otto Wallin and Wilder will fight Joseph Parker on the same card, in Saudi Arabia on 23 December

The Independent UK

Saudi Arabia makes 2034 World Cup promise amid LGBTQ+ fears

The Middle East country is all-but certain to host the finals in 11 years’ time.

The Independent UK

COP28: will there be an agreement to phase out fossil fuels?

It’s the issue at the core of COP28: will this year’s U.N. climate talks, held in major oil producer the United Arab Emirates, produce the first global agreement to phase out fossil fuel use?

The Hindu

Spanish Ace Rahm Confirms Jump To LIV Golf

Reigning Masters champion Jon Rahm confirmed Thursday he is joining LIV Golf in a deal reportedly worth hundreds of millions of dollars, sealing a stunning coup for the Saudi Arabia-backed circuit.

International Business Times

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Weakness in Crude Oil Persists on Oversupply Concerns

January WTI crude oil (CLF24 ) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24 ) closed down -0.0190 (-1.43%). Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low. Concern...

Barchart

Iran’s Raisi says ‘genocide’ unfolding in Gaza as he meets Russia’s Putin

Putin hosts Raisi as part of a blitz round of Middle East diplomacy after visits to the UAE and Saudi Arabia.

Al Jazeera

Dollar Weakness Sparks Mild Short-Covering in Crude Oil

January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....

Barchart

Putin, Saudi Leader Urge Oil Cooperation As Prices Flag

The leaders of Saudi Arabia and Russia used a rare face-to-face meeting to urge oil producers to stick to pledged supply cuts, a joint statement said Thursday.

International Business Times

Crude Prices Sink on Global Oversupply Worries

January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart

Unbeaten Muhammad Mokaev booked vs. Alex Perez at UFC’s Saudi Arabia debut

The UFC's inaugural event in Saudi Arabia is taking shape with the addition of a key flyweight bout between Muhammad Mokaev and Alex Perez.

USA Today Sports Media Group

Crude Prices Plunge on Concern About Excess Global Oil Supplies

January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

Barchart

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The Independent UK

Who are Yemen’s Houthis and why are they attacking ships in the Red Sea?

Yemen’s Shia Houthis are part of Iran’s ‘axis of resistance’ dedicated to the destruction of Israel

International Business Times

Putin Lands In Abu Dhabi On Middle East Visit

President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union Wednesday, as Russia seeks to reassert itself on the global stage.

FourFourTwo

Manchester United to double in value as Saudi Arabia targets buying Champions League: report

Manchester United could receive an incredible kickback if UEFA decides to sell the Champions League

Barchart

Crude Prices Erase Early Gains on Ramped-Up U.S. Crude Exports

January WTI crude oil (CLF24 ) on Tuesday closed down -0.72 (-0.99%), and Jan RBOB gasoline (RBF24 ) closed down -0.0239 (-1.12%). Crude oil and gasoline prices Tuesday gave up early gains and moved lower, with crude falling to a 3-week low. Ramped-up U.S. crude exports are weighing on oil...

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Al Jazeera

Putin to visit Saudi Arabia, UAE with Israel-Hamas war on agenda

Talks expected to focus on Israel-Hamas war in Gaza and oil market cooperation, says Kremlin spokesperson.

Barchart

Crude Prices Climb After Russia Said OPEC+ Crude Cuts Can Go Further

January WTI crude oil (CLF24 ) this morning is up +0.73 (+1.00%), and Jan RBOB gasoline (RBF24 ) is up +0.0012 (+0.06%). Crude oil and gasoline prices this morning are moderately higher, with crude recovering from a 3-week low. Crude prices rebounded from early losses and moved higher after Russian...

The Guardian - UK

Putin to make rare trip abroad to discuss Israel-Hamas war with UAE and Saudi Arabia

Russian president will travel to Middle East on Wednesday as he tries to reclaim role in global politics

International Business Times

Kremlin Says Putin To Visit Saudi Arabia, UAE On Wednesday

President Vladimir Putin will visit Saudi Arabia and the United Arab Emirates on Wednesday, the Kremlin has announced, as Moscow courts allies abroad despite being isolated by the West over the Ukraine conflict.

Radio France Internationale

No agreement in sight as Cop28 teams wrangle over phasing out fossil fuels

The debate over the future of fossil fuels, the biggest cause of global warming, is the key battle at the Cop28 climate summit hosted by the oil-rich United Arab Emirates. As neighbouring Saudi Arabia – the world's biggest oil exporter – ruled out phasing down oil, gas and coal, and…

The Independent UK

Isolated Putin set for ‘working visits’ to UAE and Saudi Arabia as rest of world discusses climate action at Cop28

Russian president set for rare trip overseas since his arrest warrant over Ukraine war crimes

WEKU

After Houthi attacks in the Red Sea, fears of a wider Middle East conflict grow

The Iran-backed rebel group attacked multiple ships in the Red Sea over the weekend. The Houthis control large swaths of Yemen's territory.

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