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Protect our precious democracies before it’s too late Cornelia Meyer January 16, 2021 22:38 National Guard troops assemble outside of the US Capitol on January 16, 2021 in Washington, DC. After last week's riots at the US Capitol Building, the FBI has warned of additional threats in the nation's capital and in all 50 states. (Eric Thayer/Getty Images/AFP) Short Url https://arab.news/z59cd Amid the global outrage over events in Washington on Jan. 6, it is important to understand that there was a growing malaise at the heart of many Western democracies long before an angry mob stormed the US ...

An illustration of NEOM, which will be built in Saudi Arabia’s Tabuk province. (NEOM)

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Extraordinary times call for extraordinary leadership in OPEC+ — and Saudi Arabia stepped up Cornelia Meyer January 06, 2021 14:47 Saudi Arabia’s Energy Minister Prince Abdul Aziz bin Salman says the Kingdom lived up to its role as “the guardian of the industry.” (AFP file photo) Short Url https://arab.news/msy5t The coronavirus (COVID-19) pandemic has taught us how quickly things can change. In the oil industry, things were looking so good in mid-December when the Joint Ministerial Monitoring Committee of OPEC+ (a group of OPEC countries and 10 non-OPEC allies) postponed its meeting ...

Jan. 4 OPEC+ meeting: Will they or won’t they up production in February? Cornelia Meyer Short Url https://arab.news/yepdd Most people in the oil industry will want to forget 2020. The coronavirus pandemic and lockdowns brought the global economy to a standstill. In April, the US benchmark West Texas Intermediate (WTI) briefly turned negative. While demand has recovered somewhat, the International Energy Agency estimated it was 8.8 million barrels per day (bpd) below 2019 levels in 2020. This year we are still poised for a decline of 3.1 million bpd below 2019 levels. The year was hard for i...