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Iran & Saudi Arabia to re-establish diplomatic ties, lawmaker says

Iran and Saudi Arabia are preparing to reopen their respective embassies in Tehran and Riyadh, and wil lre-establish full diplomatic ties, an Iranian lawmaker has said. Relations between the two major regional powers are “being revived” and the embassies are “preparing to open,” Jalil Rahimi Jahanabadi, a member of the …

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Russia & Saudi Arabia respond to US oil move

According to the Wall Street Journal, citing sources familiar with the talks, other members of the Organization of the Petroleum Exporting Countries (OPEC) do not see the pause as necessary. The United Arab Emirates and Kuwait are reportedly among the latter. Saudi Arabia, the largest OPEC producer, and Russia have …

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Saudi Arabia says it is no longer an oil producing country

“Saudi Arabia is no longer an oil country, it’s an energy-producing country,” the Energy Minister told S&P Global Platts this week. Saudi Arabia has high green ambitions that include gas production, renewables, and hydrogen.  “I urge the world to accept this as a reality. We are going to be winners …

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