The price of oil goes up closing at $ 51.53 per barrel

The price of West Texas Intermediate oil (WTI), which serves as a benchmark for Ecuador, rose 2% yesterday, ending at $ 51.53 a barrel. The Department of Energy of the United Sates announced an increase in crude stocks of 10.3 million barrels. Thus, inventories again exceeded the...

King Abdullah of Saudi Arabia passes away at age 90

King Abdullah bin Abdulaziz of Saudi Arabia passed away this Friday and Prince Salman succeeded him to the throne, announced a statement from the Royal Palace. The king was admitted to hospital last December 31 to undergo multiple medical tests, which showed three days later he...

Obama meets visit to Saudi Arabia

King Abdullah of Saudi Arabia received this Friday to the U.S. President Barack Obama, on his farm in Rawdhat Khuraim, an oasis a hundred kilometers to the north of Riyadh. The Saudi displeasure with American policies in the area by the recent U.S. approach to Iran, the neighbor...

Syria Civil War Continues to Escalate

The destruction of Syria is now in full action. After the defection of Syria’s prime minister has increased the tensions in the war torn country. Meanwhile the civil war rapid escalation has forced Western and regional intervention. Meanwhile US President Barack Obama has not...

A New Era has Begun in Yemen

The president of Yemen, Abdo Rabbo Mansour Hadi said this Tuesday that a new era has begun that would change the government system in Yemen in a positive way. During his meeting with the leaders of the Yemeni communities in Kingdom of Saudi Arabia, United Arab Emirates, the USA...

Annan Announces Cease-fire in Syria

The year-long battle between the Syrian regimen and the Free Syrian Army have occurred in the provinces of Deraa, Idlib and Damascus. According to opposition groups the confrontations have intensified. Recently the Free Syrian Army received funding from the Gulf countries to buy...

Iran Pressures Kuwait Due to Field Gas

This Sunday, January 01 of 2012, Iran will start a large scale project in the gas sea field of Arash in the Persian Gulf if Kuwait does not answers his development offer. The chief of the State Oil Company, Mahmoud Zirakchianzadeh added that Iran politics regarding the shared oil...

Government Loyalists Kill Demonstrators in Yemen

Five protesters have been killed in Sanaa for expressing their contempt. People are protesting in the centre of the city against the power transfer deal that would give President Ali Abdullah Saleh immunity from prosecution. Government loyalists dressed in simple clothing opened...
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