Tag: Saudi Arabia

  • Oil hits highest levels since 2015 amid tightening markets, Saudi purge

    Oil hits highest levels since 2015 amid tightening markets, Saudi purge

    Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.

    Brent futures, the international benchmark for oil prices, hit 62.44 dollars per barrel early on Monday, their highest level for years now.

    U.S. West Texas Intermediate (WTI) crude hit $56.00 per barrel in early trading, also the highest for many months now.

    Crown Prince Mohammed bin Salman, Saudi Arabia’s designated future king, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors.

    The arrest includes prominent business Billionaire, Alwaleed bin Talal, and the Head of the National Guard, Prince Miteb bin Abdullah.

    “This consolidates the reforming process underway, part of which is a desire to drive the price of oil higher,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

    Bin Salman’s reforms include a plan to list parts of giant state-owned oil company Saudi Aramco next year.

    Meanwhile, a higher price is seen as beneficial for the market capitalisation of the future listed company.

    In oil fundamentals, traders said that there were ongoing signs of tightening market conditions.

    U.S. energy companies cut eight oil rigs last week, to 729, in the biggest reduction since May 2016.

    The decline in U.S. drilling activity comes as the Organisation of the Petroleum-Exporting-Countries-(OPEC) and non-OPEC group led by Russia have pledged to hold back about 1.8 million barrels per day.

    The pact to withhold supplies runs to March 2018, but there is growing consensus to extend the deal.

    While supplies are tightening, analysts say demand remains strong.

    “Synchronous global economic growth and new supply disruptions are creating the most constructive oil price environment since 2014,” Barclays bank said.

  • Saudi women to gain access to football stadia in 2018

    Saudi women to gain access to football stadia in 2018

    Saudi Arabian women especially those with passion for sports will no doubt have a lot to celebrate .

    In a historical breakthrough for women’s rights, the Saudi Arabian government will allow women to attend football matches in the New Year

    After mounting pressure from activists to increase women’s rights, Saudi Arabia has taken its first steps towards sporting equality. As from 2018, female spectators and journalists will be allowed to attend both club and national fixtures in a segregated area of grounds.

    The new law has been agreed with Ahmed Eid al-Harbi, president of the Saudi Football Federation and former goalkeeper, and is expected to boost attendance figures across the country by as much as 15 per cent.

    “There is change, but it is slow. It has to be fast.”

    Although this is undoubtedly positive, many believe that true equality will never be realised. Commenting on the recent news, one Saudi journalist said: “Everything is upside down. Revolution is possible. There is change, but it is slow. It has to be fast. Nobody knows what will happen.”

    The nation has also shown its intention to add girls’ physical education to the private school curriculum, having sent female athletes to compete at the London 2012 Olympics for the first time.

    Others, however, are considering the latest steps something of a smokescreen to deter interest in the deeper issue of Saudi government meddling in its national sport federations. Such interference from Kuwait’s ruling party led to their banishment from Asian Cup and World Cup participation.

  • Russia holds spot as China’s top oil supplier for 7th month

    Russia holds spot as China’s top oil supplier for 7th month

    Russia held on to its position as China’s top crude oil supplier ahead of Angola and Saudi Arabia for the seventh straight month in September.

    According to a breakdown of commodity trade data released by the General Administration of Customs, , imports from Russia in September were almost 1.545 million barrels per day, up 60.5 per cent from the same month in 2016.

    It showed that for the first three quarters, crude volumes from Russia gained 18 per cent year-on-year to nearly 1.2 million bpd, also holding firm its top ranking.

    The lower cost of Russian crude and China’s shift to cleaner diesel was the key driver behind the record Russian oil purchases.

    “Many teapot refineries are not equipped with hydrotreating units to cut down sulfur. That means they need to import crude with lower sulfur content to meet the cleaner diesel quality,” said Harry Liu of consultancy IHS Markit.

    The widening spread between Brent-linked crudes and Middle Eastern benchmark Dubai also made Russia’s ESPO grade, priced off Dubai, relatively attractive, Liu added.

    Meanwhile Angola, China’s second largest source of crude, supplied 11.7 per cent more oil than a year earlier at 1.14 million bpd.

    Angola also maintained the second spot for the January-September supplies ahead of Saudi.

    Supplies from Saudi Arabia were up 9.6 per cent in September year-on-year at about 1.04 million barrels per day (bpd).

    Shipments for the January-September period dipped 0.6 per cent on year at 1.03 million bpd.

    Russian supplies could climb further in 2018 as privately run conglomerate CEFC China Energy agreed earlier this month to buy 220,000 to 260,000 bpd of oil from Rosneft, as part of a $9.1 billion investment in the world’s largest listed oil company.

    Shipments from Iran were up 59 per cent in September from a year earlier to 784,060 bpd.

    Traders with knowledge of Iran’s oil sales said the hefty growth was spurred by resumption of condensate lifting and as Chinese firms lifted more oil from joint venture productions in Iran.

    U.S. supplies in September were 120,580 bpd, up 260 per cent on year, and for the January-September totaled 127,150 bpd, after the country started exports to China in 2016.

    China’s total crude oil imports in September climbed to the second highest on record at around nine million bpd, buoyed by purchases from CNOOC and as independent refineries returned from maintenances.

    NAN

  • Qatar emir says open to dialogue to resolve Gulf crisis

    Qatar emir says open to dialogue to resolve Gulf crisis

    Qatar is “open to dialogue” in resolving a dispute that has seen the Gulf state isolated from its Arab neighbours, its emir said during a visit to Indonesia on Wednesday.

    Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut diplomatic and trade ties with Qatar on June 5, accusing it of financing terrorism and maintaining too close of ties to their arch-rival Iran.

    Doha denies the charges.

    Qatari Emir Tamim Thani said he discussed the issue with President Joko Widodo of Indonesia, which has the world’s largest population of Muslims and has close ties to the Arab world.

    “We conveyed…that Qatar is ready to conduct a dialogue to solve the problem as we already know that no one will win,” Thani told reporters after meeting with Widodo at the state palace in Bogor, outside the capital of Jakarta.

    “We are all brothers and suffering because of this crisis,” he added.

    President Widodo did not publicly address the dispute.

    The leader of the world’s biggest exporter of liquefied natural gas also visited Malaysia, another Muslim-majority nation, and Singapore.

    Saudi and other Arab nations have made a list of 13 wide-ranging demands of Qatar, including closing down the Al Jazeera television network and curbing ties with Iran.

    Kuwait and top United States officials have attempted to mediate between the parties, but there is little sign that the crisis will be resolved soon.

    NAN

  • I’m Now ‘Relaxed and Relieved’, Eagles Manager Reveals

    I’m Now ‘Relaxed and Relieved’, Eagles Manager Reveals

    Super Eagles Manager, Gernor Rohr on Sunday afternoon said he just had the chance to watch the replay of the tension soaked Nigeria versus Zambia match and that Eagles got a victory from the tough match was a breathe of life.

    A number of Super Eagles players and coaching staff including Rohr were sighted at the Akwa Ibom Airport on Sunday afternoon to jet out to Lagos and Abuja.

    Alex Iwobi, Ola Aina, Leon Balogun, William Troost-Ekong, Ahmed Musa, Abdullahi Shehu and Chidozie Awaziem were among some of the players sighted  as they make their way back to Europe.

    Before the Dana Air plane left the airport, manager Gernot Rohr reiterated that the Zambians pushed his team all the way, but the Super Eagles defence soaked their attacks and the contribution of Chelsea wing-back Victor Moses and Anorthosis Famagusta midfielder Abdullahi Shehu in the far front  gave Alex Iwobi the assist to score.

    ” Zambians gave us a tough match. Not that it was not expected, but I just watched the replay now, we defended well, Eagles did well. Alex Iwobi came on and changed the game, Victor Moses did well to dribble and Shehu’s cross went straight to Iwobi who scored.”

    ”I am now relaxed and relieved,” the 64 year old Eagles coach said with a smile. he added that “greater task still lies ahead.”

    This can however be well understood going by the tension and pressure that soaked not just the player both also the technical crew from the start to finish of that Saturday game in Uyo.

    The Zambians played the match as if there was no tomorrow says one of the Nigerians fans at the capacity filled stadium, he however breathe relieve that a decisive goal eventually came through Iwobi.

    Meanwhile, about 13 countries have already booked their place for the 2018 World Cup in Russia with final qualifying matches still to be played.

    See the Countries below:

    Europe: Belgium, England, Germany, Russia (as hosts), Spain

    Africa: Nigeria

    Asia: Iran, Japan, Saudi Arabia, South Korea

     North, Latin America: Costa Rica, Mexico

    South America: Brazil

  • Qatar: Nigeria calls for lift of blockade

    Qatar: Nigeria calls for lift of blockade

    Nigeria has called for the Saudi-led blockade of Qatar to be lifted saying it is against such extreme measures that cause hardship.

    Foreign minister Geoffrey Onyeama said his country had come under pressure from both sides to support them in the dispute.

    Read: Four Arab states send 13 demands to Qatar

    But it had decided that the blockade, now about to enter its fourth month, was ‘not the way to go’.

    Nigeria’s call for an end to the row came after other African countries opted to either to stay neutral or bow to Saudi pressure by calling back their ambassadors from Doha.

    Senegal, Chad, Mauritania, Eritrea and Niger all cut off diplomatic relations with Doha following the announcement of the blockade in early June.

    But in North Africa Saudi Arabia’s search for support has failed with Morocco, Algeria, Tunisia, Libya opting not to take sides.

    Observers said these regimes viewed the quartet coalition – Saudi Arabia, Bahrain, UAE and Egypt – as a threat to regional security and moved to strike a balance with the weaker player, Qatar.

    Apart from Nigeria, Somalia is the only country to take a defiant stance.

    Not only did the Mogadishu government refuse to break off relations with Qatar, but it also continued to allow Qatari planes to fly through its airspace, despite protestations from Riyadh.

    In  June the quartet launched a diplomatic and transport blockade accusing Qatar of cosying up to Iran and supporting terrorism in the region, which Qatar denied.

    The move has led to Qatar importing food from Turkey and Iran as well as flying in milk from the UK.

    It also caused mixed-nationality families to be split up as Qataris found themselves kicked out of the boycotting countries who recalled their own citizens under threat of having their passports taken away.

    Among the more extreme demands was the closure of the Doha-based TV network, Al-Jazeera.

    Mr Onyeama took issue with the main planks of the Saudi case against Qatar – Al-Jazeera, Iran and terrorism.

    He said: ‘As a country we don’t have an issue with Al-Jazeera. We have a policy in this country of freedom of information. We don’t really believe as a government in interfering with the media.

    ‘As of now there’s nothing that has been brought to the attention of the Nigerian government showing definitively that Al-Jazeera is promoting terrorism.

    ‘To call for the shutting down of a station, especially one with such a profile as Al-Jazeera, we haven’t seen anything to lead us to believe that this is the way to go.’

    On Tehran, Mr Onyeama disagreed with the quartet’s view that Iran was a pariah state who should be shunned in the region.

    Qatar recently came under fierce criticism for restoring diplomatic relations with Tehran, and Iran’s foreign minister visited Doha today (Tues).

    ‘Iran is a member of the United Nations,’ he said. ‘Most countries have diplomatic relations with Iran, so doing so does not to our minds mean you are supportive of terrorism’.

    He also called out threats made to Qatar over its support for Muslim Brotherhood which the Saudi-led alliance also claimed supports terrorism.

    Mr Onyeama added: ‘ However distasteful it might appear to some, the Muslim Brotherhood were a recognised government in Egypt at one time, voted in democratically, so the fact is that at some point there might have been engagement between Qatar and a democratic party when they were a democratic government in Egypt.’

    He said Nigeria has not seen any evidence to support a blockade of Qatar and, on that basis, it should be called off because it was only causing hardship.

    ‘The measures that have been taken are very extreme. Maybe they just don’t like Qatar doing its own thing, but that’s for them to say.

    ‘We feel that the hardship that’s caused to ordinary Qataris and others is most unfortunate and our position has been that we would invite them to an international forum where they talk to each other. The air blockade, and things like that, is a bit extreme.

    ‘Qatar is a very small country and the alliance against it is much bigger and there is tremendous pressure being exerted.

    ‘But they are brothers, more or less, the Gulf states. There must be some other way of sorting out their issues.’

     

  • Hajj: Bauchi female pilgrim left in Saudi Arabia over missing passport

    Hajj: Bauchi female pilgrim left in Saudi Arabia over missing passport

    A female pilgrim from Bauchi has been left in Saudi Arabia after the airlift of the last set of pilgrims,following the loss of her Passport, according to Alhaji Abdullahi Hardawa, Executive Secretary, Bauchi State Muslim Pilgrims Welfare Board.

    Hardawa, who briefed newsmen on the exercise, on Monday in Bauchi, after the arrival of the last flight that brought back the pilgrims, said that the unnamed pilgrim was from Tafawa Balewa Local Government Area.

    “All pilgrims are back to the country, except one woman that lost her Passport; we left her behind in the Kingdom of Saudi Arabia because she lost her Passport,” he said.

    The official, however, said that Nigerian officials in the Holy city were processing a new Passport to enable the pilgrim return home.

    He described the exercise as “generally a success”, and attributed that to the full support and total commitment of the Bauchi State Government.

    The Emir of Bauchi, Alhaji Rilwanu Adamu, in a remark, commended pilgrims from Nigeria for exhibiting good conduct throughout their stay in the Holy land.

    He also commended states pilgrims welfare boards for their support to the National Hajj Commission of Nigeria during the pilgrimage, and described the 2017 pilgrimage as a “huge success”.

    Alhaji Ibrahim Jahun, Chairman, Bauchi State Muslim Pilgrims Welfare Board, commended officials, sponsored by the state government to cater for the welfare of the state pilgrims, for what he described as “total commitment” to assigned responsibilities”.

  • NAHCON completes airlift of pilgrims from Mecca

    NAHCON completes airlift of pilgrims from Mecca

    The National Hajj Commission of Nigeria (NAHCON) has completed the airlift of Hajj pilgrims from the Holy city of Mecca, in Saudi Arabia, The Nation has learnt.

    Confirming this development Monday was the Chairman of NAHCON, Barrister Abdullah Mukhtar Muhammad.

    He spoke at a dinner in Jeddah.

    While commending Nigerian pilgrims, the NAHCON boss thanked Allah for the successful completion of the airlift of Nigerian pilgrims, which coincided with the nation’s 57th independence anniversary
    He therefore, extended his appreciation to the federal government, the Saudi authorities, the Saudi based service providers, Nigerians resident in Saudi, staff of the Commission and other officials for a successful delivery of services expected of them during the Hajj exercise.

    He also expressed happiness that no Nigerian pilgrim was reported or arrested for any criminal offence at the just concluded Hajj exercise.

    The Chairman said the last batch of Nigerian pilgrims who already at the King Abdulaziz Airport, Jeddah in preparation to board the last flight back to Nigeria Monday.

    He said preparation for the next Hajj exercise should be considered by all to have started.
    He also congratulated all Nigerians for Nigeria’s independence anniversary.

    In his closing remarks, the Nigerian Consul General in Jeddah, Ambassador Muhammad Sani Yunus expressed satisfaction with the conduct of Nigerian pilgrims who became worthy ambassadors of the country in the holy land just as he applauded the commitment and sacrifices of NAHCON in facilitating a hitch-free Hajj exercise.

  • Four Kaduna pilgrims die in Saudi Arabia

    Four pilgrims from Kaduna State reportedly died in Saudi Arabia during the holy pilgrimage.

    The last batch of pilgrims returned yesterday, signifying end of transporting from Saudi Arabia.

    A statement by spokesman for Kaduna State Muslim Pilgrims Welfare Board Yunusa Muhammad Abdullahi said the last batch of 212 pilgrims arrived Kaduna around 7:05a.m. aboard Med-View Airline.

    It said the Director-General, Bureau of Interfaith, Namadi Musa; Overseer of the board, Imam Hussaini Sulaiman Tsoho Ikara and other government officials were on board.

    The spokesman said: “Two airlines, Med-View and Max Air, transported Kaduna State pilgrims. During the return journey, Max Air transported 2,173 pilgrims and Med-View transported 4,542.

    “Six thousand seven hundred and thirteen pilgrims performed hajj from Kaduna State, among who four died in Makkah.

    “The board Overseer, Ikara, thanked government officials under the leadership of Secretary to State Government (SSG) Alhaji Balarabe Abbas Lawal, stakeholders and workers of the board for ensuring a successful hajj.”

  • Saudi to lift driving ban on women

    Saudi to lift driving ban on women

    Saudi Arabia’s King Salman has issued a decree allowing women to drive for the first time, to the joy of activists.

    The Gulf kingdom is the only country in the world that bans women from driving, the BBC reports.

    Until now, only men were allowed licences and women who drove in public risked being arrested and fined.

    Praise for the move has been pouring in from inside the Saudi kingdom, as well as around the world.

    United States President, Donald Trump, said it was a “positive step” towards promoting women’s rights.

    Campaigner Sahar Nassif told the BBC from Jeddah that she was “very, very excited – jumping up and down and laughing.”

    “I’m going to buy my dream car, a convertible Mustang, and it’s going to be black and yellow!”

    The country’s U.S ambassador, Prince Khaled bin Salman, confirmed that women would not have to get male permission to take driving lessons, and would be able to drive anywhere they liked.

    He said it was “an historic and big day” and “the right decision at the right time.”