Authored by Byron King via DailyReckoning.com,
China is currently modifying the terms of its oil trade with Saudi Arabia. Specifically, China is working on a deal to pay for Saudi oil using Chinese yuan. This effort poses a direct threat to the security of the dollar.
Authored by Darius Shahtahmasebi via TheAntiMedia.org,
While Donald Trump was in Riyadh, raving incessantly about the over-hyped Iran threat, Iranian foreign minister Javad Zarif was trolling America’s foreign policy establishment. He advised Trump to discuss with Saudi Arabia how to avoid another 9/11 atrocity rather than making baseless claims against Iran.
Zarif said:
Authored by Zainab Calcuttawala via OilPrice.com,
Riyadh plans to purposely reduce exports to the United States to force a reduction in the latter’s sizeable inventories, which are preventing a greater rise in global oil prices, according to Saudi Oil Minister Khalid Al-Falih.
Just one day after OPEC announced a nine-month extension to its November production cut deal, the top oil official told reporters on Friday that “exports to the U.S. will drop measurably.”
Authored by Darius Shahtahmasebi via TheAntiMedia.org,
One can call Saudi Arabia - the world leader in weapons imports and decapitations per capita - many things, but a bastion of "democracy and moderation" is not one of them.