Saudi Arabia Oil

FIFA has come under fire for its partnership with Saudi Arabian oil and gas company Aramco.

While the dollar will continue to hold sway in the foreseeable future, the world without a doubt is moving towards an alternative currency. The lapse of the petro-dollar deal will act as a catalyst for this de-dollarisation process.

Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince cancelled a trip to Japan, citing issues with the king's health.

Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.

Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.

Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.

Saudi Arabia is prepared to host the 2034 World Cup in summer or winter, its football chief told AFP, as the conservative oil giant was anointed the tournament's host just weeks after announcing a bid.

Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.

Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.

Roberto Mancini is the latest high-profile acquisition for the world's top oil exporter which has snapped up some of football's biggest players in a spree costing hundreds of millions of dollars.

Iran and Kuwait have held unsuccessful talks for many years over their disputed,rich in natural gas, maritime border area.Recent attempts to revive negotiations have failed, Iran's oil minister said Tehran may pursue work on field without permission.

Oil traders are starting to ignore the most important person in the market. It could prove a risky gambit.

The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.

Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.

FIFA has come under fire for its partnership with Saudi Arabian oil and gas company Aramco.

While the dollar will continue to hold sway in the foreseeable future, the world without a doubt is moving towards an alternative currency. The lapse of the petro-dollar deal will act as a catalyst for this de-dollarisation process.

Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince cancelled a trip to Japan, citing issues with the king's health.

Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.

Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.

Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.

Saudi Arabia is prepared to host the 2034 World Cup in summer or winter, its football chief told AFP, as the conservative oil giant was anointed the tournament's host just weeks after announcing a bid.

Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.

Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.

Roberto Mancini is the latest high-profile acquisition for the world's top oil exporter which has snapped up some of football's biggest players in a spree costing hundreds of millions of dollars.

Iran and Kuwait have held unsuccessful talks for many years over their disputed,rich in natural gas, maritime border area.Recent attempts to revive negotiations have failed, Iran's oil minister said Tehran may pursue work on field without permission.

Oil traders are starting to ignore the most important person in the market. It could prove a risky gambit.

The US and Saudi Arabia are looking beyond last year's oil spat to focus on billions of dollars-worth of defense and aviation deals and potential nuclear cooperation.

Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.