Saudi Arabia has a record number of world oil deposits. This can cause a major imbalance of the oil market.
The oil experts agree that Saudi Arabia is trying to gain a bigger share on the European Market.
Currently Saudi Arabia is on its way to making more oil deals. This can be a major problem for Russia as one of the major oil producers.
For 13 year, Saudi Arabia has accumulated record deposits of crude oil. On August of this year they came up to 326 615 barrels (approximately 44.55 …
US Secretary of State, John Kerry, has warned Putin of the Russian role in Syria and their support for Assad.
President of Russian Federation, Vladimir Putin has negotiated a personal meeting with the government officials from US, Turkey, Jordan and Saudi Arabia. It looks like Putin is trying to secure support from these countries and he might be successful.
On October 19th, John Kerry confirmed that the talks in Vein with the representatives of these countries will start shortly.
In the …
"Turkey will shoot down any aircrafts violating the country's airspace."
The statement was made on Saturday, October 17 by Ahmet Davutoğlu the Turkish Prime Minister.
"Yesterday we shot down a drone. Had it been an aircraft we would have done the same. Our rules of engagement are well known. We will repel anyone violating our borders"
On October 16 Turkish F-16 aircrafts shot down a drone of an unknown manufacturer.
A military statement said the aircraft was shot down after it ignored …
Standard & Poor’s kept Russia’s credit Rating at BB+ level, below investment grade.
The rating was initially cut down to junk level at the end of January 2015.
S&P stripped Russia of its investment grade in January for the first time in a decade as plunging oil prices and sanctions over the conflict in Ukraine push the world’s largest energy exporter into its first recession since 2009. The penalties have locked Russian corporate borrowers out of international debt markets, spurred capital …
Iran enters Syrian conflict
Iran has openly entered the Syrian conflict sending 3000 of its elite troops of the Iranian Revolutionary Guard Corps in support of the President Bashar Assad.
Iranian troops have been deployed to central and northern parts of Syria where they have been joined by Hezbollah fighters.
On October 10, General Hossein Hamadani , one of the commanders of the Iranian Revolutionary Guard Corps was killed in the area of the Khanasser Highway in Southern Aleppo.