New Civil Transaction Law in Saudi Arabia: ties between the UAE and the Kingdom under scrutiny

The Saudi cabinet on Tuesday, according to Saudi Press Agency, SPA, approved the controversial contracting regulations for firms that are not based in the Kingdom.  The Kingdom has already set a deadline - January, 2024 -  for the companies in question to move their regional headquarters to the King…

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Eagles above the Battlefield: The Netherlands Readies F-16s for Ukraine, amidst the Shadow of the S-400

The battlefront in Ukraine that lost the attention of the global media at the onset of the war between Israel and Hamas, suddenly grabbed the headlines once again, as the involvement of the US-made fighter jets does not seem to remain in the hypothetical realm any more. If the Dutch government is go…

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Tankers, Terror, and Tariffs: How Houthi Attacks are Squeezing the Global Economy

The rate of attacks on commercial ships in the Red Sea by the Houthi rebels in Yemen is increasing in proportion to the Israel firepower directed at Hamas in the Gaza Strip - to a crisis level. Judging by the warships that congregate in the region and the critical discussions that take place in the …

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Japan to Hit Record-Low Petroleum Consumption in 2024: Refinery Closures and Aging Population Blamed

The beleaguered crude oil markets that look forward to catching a glimpse of hope in the coming New Year, was dealt yet another disastrous blow last week, when the EIA, US Energy Information Administration, announced the refinery closures in Japan, coupled with a serious decline in petroleum consum…

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Sanctions against Russian fossil fuels: Russian revenues suffered recently!

Despite the sanctions, Russia still exports fossil fuel to a significant group of countries that include some countries in the EU. Since exporting fossil fuels has been a cornerstone of its economy, the war in Ukraine and the subsequent sanctions imposed by the West have made an impact on its coffe…

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Slightly Bearish mood dominates the crude oil markets!

In proportion to the rate of optimism for a price rebound in the crude oil markets wearing thin, the hyperactivity of the stakeholders in the fossil fuel markets appears to be getting more and more intense by the day. The seemingly-hastily-arranged state visit by President Putin of Russia to two maj…

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Oil prices: why the production cuts failed to do the magic - this time?

The OPEC+ meeting that took place yesterday, having been rescheduled for inexplicable reasons after four days, did not live up to the hype created by certain media about deepening production cuts. Nor did it achieve its intended goal, judging by the unusual market response in the aftermath of the m…

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