Saudi Arabia

OPEC’s progress in reducing the oversupply in global oil markets relied on contributions from Nigeria and Libya in March, two countries that are exempt from the group’s deal to rein in production.

The Organization of Petroleum Exporting Countries pumped 32.095 million barrels a day, down 200,000 a day from February, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. Supply from Nigeria and Libya dropped by a combined 210,000 barrels a day to 1.55 million and 620,000 a day, respectively.

On a superficial level, Trump and Bush couldn’t be more different from Clinton and Obama.  Indeed, pollsters say that many people voted for Trump because they wanted change … Just like they voted for Obama because he promised “hope and change” from Bush-era policies.

But beneath the surface, Trump, Obama, Bush and Clinton are all very similar on 4 core issues.

Moar War

Bush intentionally lied us into the Iraq war … a war which had no relation with U.S. security or defense.

Having failed to "rebalance" the oil market in the first six months following the implementation of the Vienna production cut agreement, with crude inventories in the US hitting all time highs in the interim...

Saudi Arabia has become the least appropriate winner of a medal since Barack Obama was given the Nobel Peace Prize, after the CIA awarded the Saudi Crown Prince the “George Tenet Medal” for his country’s supposed [...]

With Saudi Arabia scrambling to respond to surging US shale production in what many analysts warn is a lose-lose decision, as either Saudi Arabia will lose market share under the current status quo, or government revenue will tumble should the Vienna 2016 production cut deal be cancelled, moments ago Fitch poured some fuel on the fire, when it downgraded the Saudi Kingdom from AA- to A+, as a result of the country's soaring deficit, declining reserves, and a deteriorating balance sheet.

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