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SnapshotsJun 2, 2020 | 14:41 GMT
OPEC+ Moves Toward Early Meeting to Discuss Extending Production Cuts
OPEC+ appears headed for an earlier-than-expected online ministerial meeting on June 4 to discuss how to extend oil production cuts for the rest of the year, given the faster-than-expected recovery in oil prices. During the meeting, members will reportedly consider a Saudi-Russian compromise on a very brief 1-2 month delay
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AssessmentsMay 29, 2020 | 10:00 GMT
A group of demonstrators wave the Palestinian flag on Dec. 31, 2009.
The Palestinians Move to Cut Security Ties With Israel: A Bluff or Something Bigger?
To protest Israel's aggressive annexation push, the Palestinian Authority is beginning to act on longstanding threats to cease coordination with Israeli authorities in the West Bank. On May 19, Palestinian Authority President Mahmoud Abbas declared an end to decades of security and intelligence cooperation with Israel and its main ally,
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AssessmentsMay 20, 2020 | 10:00 GMT
An image of a Saudi flag overlaying an oil pumpjack. 
Saudi Arabia Will Have to Accept Being an Oil Price 'Taker'
As COVID-19 saps oil demand, the economic fallout will likely leave Saudi Arabia back in the role of "price taker," as the kingdom's new austerity measures strongly imply Riyadh recognizes it will eventually need to adjust its spending habits to the global oil market instead of the other way around. With no immediate recovery in sight,
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SnapshotsMay 11, 2020 | 19:39 GMT
As Oil Prices Plummet, Saudi Arabia Opts for Austerity
In the face of the COVID-19 crisis and subsequent global recession, most countries are launching significant fiscal stimulus programs to boost domestic economic activity. Governments dependent on oil and gas revenue, however, are being forced to do the opposite as the likely long-term collapse of energy prices necessitates sharp spending
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SITUATION REPORTMay 8, 2020 | 18:37 GMT
U.S., China: Top Trade Representatives Agree to Move Forward With 'Phase One' Deal
U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He agreed to move forward with implementing their “phase one” trade deal following an overnight conference call, the South China Morning Post reported April 7. 
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