UAE’s newly elected ruler sees Iran, Islamists as threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

Israeli police beat mourners at funeral of slain Palestinian journalist

JERUSALEM, May 13 (Reuters) – Israeli police officers charged at Palestinian mourners carrying the coffin of Al Jazeera journalist Shireen Abu Akleh on Friday, before thousands led her casket through Jerusalem’s Old City in an outpouring of grievance and anger over her killing. Packed around Abu Akleh’s coffin, dozens of Palestinians, some waving Palestinian flags … Read more

Al Jazeera journalist killed during Israeli raid in West Bank

Deadly shooting occurred during Israeli raid Israel says troops exchanged fire with Palestinians Journalist’s wounded colleague blames Israel for death Israel says Palestinian gunmen likely shot her JENIN, West Bank, May 11 (Reuters) – A prominent Palestinian-American Al Jazeera reporter was shot dead during an Israeli raid in the occupied West Bank on Wednesday, with … Read more

Court says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private

SAN FRANCISCO, May 10 (Reuters) – A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by US District Judge Edward Chen of San Francisco is a … Read more

Oil market volatility not linked to OPEC+, UAE says

ABU DHABI, May 10 (Reuters) – Oil market volatility is linked to factors outside the control of the OPEC+ producers group, such as moves by some buyers to boycott certain suppliers, the United Arab Emirates’ energy minister said on Tuesday, alluding to Western curbs on Russia. “Extreme volatility is not because of supply and demand, … Read more

Venezuela begins imports of Iranian heavy oil for refining -PDVSA documents

A general view of the Amuay refinery complex which belongs to the Venezuelan state oil company PDVSA in Punto Fijo, Venezuela November 17, 2016. REUTERS/Carlos Garcia Rawlins Register now for FREE unlimited access to Reuters.com Register May 9 (Reuters) – Venezuela has begun importing Iranian heavy crude to feed its domestic refineries, documents from the … Read more

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

FILE PHOTO: Flames are seen at the production facility of Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register May 8 (Reuters) – Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe … Read more

Factbox: How is Elon Musk funding his $44 bln offer to buy Twitter

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 5 (Reuters) – Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover … Read more

U.S. Senate committee passes antitrust bill pressuring OPEC

WASHINGTON, May 5 (Reuters) – A US Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators, including Republican Chuck Grassley and Democrat Amy Klobuchar, … Read more

Explainer: Why NOPEC, the U.S. bill to crush the OPEC cartel, matters

WASHINGTON, May 5 (Reuters) – A US Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits for orchestrating supply cuts that raise global crude prices. The No Oil Producing and Exporting Cartels (NOPEC) bill is intended … Read more