Shares, oil take beating

Saudi shares dropped the most in 18 months, and oil is down from over $85 a barrel a month ago to now at ~$67 (by the way, you can always find the most updated price of oil blow our video section, courtesy of oil-price.net). Bloomberg reports that SABIC sank 10 percent. Not a good week, […]

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“Move over, BP.”

If the latest BP “Top Kill” strategy fails, should the Obama administration take the reins? This is the argument being made by Andrew C. Revkin at the NYT Dot Earth blog. It’s not so much that the U.S. Government should take over, argues Revkin, but law requires it to do so where BP has yet to […]

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For Saudi Arabia, counterterrorism now includes “the power of the pen”

In an in-depth profile in the US Treasury Department’s terror fighting powers (“the power of the pen”), Tim Lister of CNN notes that US Assistant Treasury Secretary David Cohen spends “plenty of time trying to persuade other governments – especially in the Gulf – to tighten their financial controls.” Lister: “Cohen is pleased with the contribution that […]

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Saudi-Sino Petrochemical JV Tianjin Online, Crude Oil storage eyed

The Saudi-Sino joint petrochemical venture at Tianjin has begun commercial production, according to news reports and a statement released by the Saudi Arabian Basic Industries Corporation (SABIC). Here is some more technical information about the refinery, according to the Xinhua news agency. -Tianjin now has a refining and ethylene complex project in commercial operation -Total Ethylene Production Capacity: 1.2 […]

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Spill, baby, spill

The national consensus after President Obama agreed to include plans to expand offshore drilling in the United States was that doing so was, in essence, throwing a bone to Republicans by agreeing to a key element of their energy plans. The Obama administration seemed to shrug off the fact that there isn’t much oil off […]

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The Return

After 9 days in Chicago for the US-Saudi Business Opportunities forum and three in Boston, Arabianomics.com is back in action and will be rolling out news, analysis and other content from the conference. Thanks for your patience. Arabianomics.com will soon begin to focus more on analysis and less on news. This is due in large […]

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