(Natural News) As major Western powers are cutting ties with Russia amid its invasion of Ukraine, Saudi Arabia appears to be doing the opposite by strengthening relations with Russia. According to the Guardian, Russian President Vladimir Putin and Prince Mohammed bin Salman – the Saudi prime minister – have a lot in common. It mentioned […]

(Natural News) The Organization of the Petroleum Exporting Countries (OPEC) and its associated producers announced Sept. 5 that they will decrease oil production by 100,000 barrels per day (bpd). The decision to slash production came amid worries of plunging oil prices and a global recession. In a media release, OPEC and its partners under the […]

(Natural News) Saudi Arabia raised oil prices for Asian buyers to record-high levels for its September loadings. Saudi Aramco, the country’s state-owned oil producer, increased the price of its Arab Light grade of crude oil for Asian clients by $0.50 per barrel to $9.80 higher than the Oman/Dubai crude oil benchmark. This exceeds the previous […]

(Natural News) Russian state-owned energy giant Gazprom has signed a huge $40 billion deal with Iran. The agreement came on the heels of Gazprom’s announcement that it cannot guarantee gas supplies to Europe. It was signed during an online ceremony attended by the CEOs of Gazprom and the National Iranian Oil Company (NIOC) on the same day […]

(Natural News) A survey by Monmouth University found that more Americans are struggling financially due to inflation and rising gas prices. Around 42 percent said they are struggling to make ends meet financially amidst soaring prices, the highest recorded by the university since it began polling people five years ago. Americans are now spending more on their utility and grocery bills in […]

(Natural News) “Reality Camp” host Stacey Campfield slammed President Joe Biden’s for overseeing America’s downfall, most especially in the aspect of oil production. “The only country that Joe Biden has crippled has been America. The only oil industry that he has really shut down has been American oil,” Campfield said during a recent episode of his talk […]

(Natural News) President Joe Biden threatened oil companies with consequences if they fail to do their part in addressing rising gas prices. He issued the threat in the form of a June 14 letter addressed to the executives of different oil companies – including British Petroleum, Marathon Petroleum, Chevron, Phillips 66, Shell, Valero Energy and Exxon Mobil. […]

(Natural News) A billionaire oil refiner has warned that America’s economic crisis could get worse, especially if the Federal Reserve keeps increasing interest rates and President Joe Biden doesn’t increase oil production. John Catsimatidis, CEO of supermarket chain Gristedes and chairman of the Pennsylvania-based oil company, the United Refining Company, warned that the Federal Reserve’s […]

(Natural News) Two oil-producing giants – Saudi Arabia and the United Arab Emirates (UAE) – warned that the global energy supply is dwindling amid high fuel prices and increased demand. Officials from the two Middle Eastern nations issued their warnings during a May 10 conference of the Organization of the Petroleum Exporting Countries (OPEC) held at […]

(Natural News) Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the […]