Saudi Arabia regains position as world’s top oil exporter

Workers at an Aramco onshore rig. Saudi Arabia exported nearly 11 million barrels of oil per day in April. (Aramco)
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Updated 17 June 2020
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Saudi Arabia regains position as world’s top oil exporter

  • Kingdom knocks US off top spot it gained last year
  • IEA forecasts less dramatic fall in demand

DUBAI: Saudi Arabia has emerged from three months of oil market volatility as the world’s biggest oil exporter once more, knocking the US off the top slot it gained last year.

Industry experts calculated that in April — when oil prices crashed because of pandemic lockdowns — the Kingdom exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.

Both countries’ exports fell in May, after the historic OPEC+ deal to cut output, but the Kingdom was still ahead.

The trend is likely to continue for most of this year, as American production suffers from shut-ins and bankruptcies in its price-sensitive shale oil operations, despite continuing Saudi cuts.

“Over the course of the second quarter of 2020 as a whole Saudi Arabia ought to easily stay ahead of the chasing pack,” said the Middle East Economic Survey, which published the figures compiled by industry experts.

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The US overtook Saudi Arabia as the world’s top exporter in the middle of last year. Since the price of the US benchmark, West Texas Intermediate, collapsed in April, many shale producers have cut back on their “rig count” and some have filed for bankruptcy.

Oil prices shrugged off weekend worries over a possible second wave of virus infection in China. Brent crude, the global benchmark, rose back above $40, while West Texas Intermediate stood at $37.

A report from the International Energy Agency forecast a less dramatic fall in 2020 oil demand than expected. Demand would be 91.7 million barrels per day, about 500,000 more than the agency’s previous forecast, but still the biggest fall in history. There would be no recovery in pre-pandemic air fuel demand until 2022 because of the “dire situation” in the aviation industry, the IEA said.

In China, oil demand had recovered fast in March and April, and Indian demand rose sharply in May. “While the oil market remains fragile, the recent modest recovery in prices suggests that the first half of 2020 is ending on a more optimistic note,” the agency said.

“Initiatives in the form of the OPEC+ agreement and the meeting of G20 energy ministers have made a major contribution to restoring stability to the market.”

The joint ministerial monitoring committee of the OPEC+ alliance meets at the end of this week to assess compliance with agreed cuts, amid some speculation that they could be extended for at least another month.


Australia state premier calls synagogue attack an escalation in anti-Semitic crime

Updated 5 min 43 sec ago
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Australia state premier calls synagogue attack an escalation in anti-Semitic crime

  • Australia has seen a series of anti-Semitic incidents in the last year, including graffiti on buildings and cars in Sydney

SYDNEY: The premier of Australia’s New South Wales state Chris Minns said on Sunday that an attack on a Sydney synagogue on Saturday marked an escalation in anti-Semitic crime in the state, after police said the attack was attempted arson.
Australia has seen a series of anti-Semitic incidents in the last year, including graffiti on buildings and cars in Sydney, as well as an arson attack on a synagogue in Melbourne that police ruled as terrorism.
In the latest incident, police were notified of anti-Semitic graffiti on a synagogue in the inner suburb of Newtown early on Saturday. An arson attempt was also made on the synagogue, police later said.
“This is an escalation in anti-Semitic crime in New South Wales. Police and the government remain very concerned that an accelerant may have been used,” Minns, the leader of Australia’s most populous state, said on Sunday in a televised media conference alongside state police commissioner Karen Webb.
“In the last 24 hours, these matters have now been taken over by counter-terrorism command,” Webb said.
A house in Sydney’s east, a hub of the city’s Jewish community, was also daubed with anti-Semitic graffiti, police said on Saturday, adding they were also probing offensive comments on a street poster in the suburb of Marrickville.
On Friday, a special police task force was set up to investigate an attack on the Southern Sydney Synagogue in the suburb of Allawah in the early hours of Friday morning.
David Ossip, president of the New South Wales Jewish Board of Deputies, said on Sunday he welcomed extra resources promised by the government to probe the recent incidents.
“The New South Wales government has also provided us with additional funding to enhance Jewish communal security,” Ossip added in a statement.
On Friday, Prime Minister Anthony Albanese, referring to the Southern Sydney Synagogue incident, said that there was “no place in Australia, our tolerant multicultural community, for this sort of criminal activity.”
The number of anti-Semitic and Islamophobic incidents have increased in Australia since Hamas attacked Israel in October 2023 and Israel launched its war on Gaza. Some Jewish organizations have said the government has not taken sufficient action in response.


Syria de facto leader Al-Sharaa phones congratulations to newly elected Lebanon president Aoun

Updated 31 min 35 sec ago
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Syria de facto leader Al-Sharaa phones congratulations to newly elected Lebanon president Aoun

CAIRO: Syria’s de facto leader Ahmed Al-Sharaa called newly elected Lebanese President Joseph Aoun on the phone and congratulated him for assuming the presidency, Syria’s ruling general command reported on Sunday.

(Developing story)


Caroline Dubois dominates and retains title but bout ends in technical draw after head clash

Updated 41 min 31 sec ago
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Caroline Dubois dominates and retains title but bout ends in technical draw after head clash

  • Dubois (10-0-1) was in full control when the referee called a timeout. The ringside doctor ruled that the 36-year-old Camara (14-4-1) could not continue

SHEFFIELD, England: Caroline Dubois scored a first-round knockdown and retained her WBC lightweight title against Jessica Camara despite the bout ending in a technical draw due to an accidental clash of heads Saturday.
Dubois, whose older brother Daniel is the IBF heavyweight champion, dominated in her first title defense, which ended just after the bell rang to start the third round.
Camara’s right eye was swollen from punches and the Canadian was bleeding from a cut above her left eye — the result of an accidental clash of heads in the second round.
“I don’t think she wanted it,” Dubois said. “The blood wasn’t coming in her face, it was coming around the side of her face — she didn’t want it, man.”
Dubois (10-0-1) was in full control when the referee called a timeout. The ringside doctor ruled that the 36-year-old Camara (14-4-1) could not continue.
Because it was under four rounds, the bout was declared a technical draw.
Dubois immediately called for a fight against WBO champion Terri Harper.
“Terri Harper, that’s who I want,” she said.
Dubois said she wants to be the undisputed lightweight champion by the end of 2025. Beatriz Ferreira of Brazil holds the IBF belt, and the WBA belt is vacant.
Shane McGuigan, Dubois’ trainer, said she has the talent to win titles at multiple weight classes.
“She’s the best female fighter on the planet, by a mile,” McGuigan said.


Eight killed, 50 injured in explosion of gas station, gas storage tank in Yemen’s Al-Bayda, sources say

A Yemeni walks and looks through debris and rubble at a destroyed gas station in the northwestern Hajjah province. (AFP)
Updated 54 min 9 sec ago
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Eight killed, 50 injured in explosion of gas station, gas storage tank in Yemen’s Al-Bayda, sources say

CAIRO: Eight people were killed and 50 others injured in an explosion of a gas station and a gas storage tank in Yemen’s Al-Bayda province, a medical source and a local official said.

 


Russia eyes Libya to replace Syria as Africa launchpad

Updated 12 January 2025
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Russia eyes Libya to replace Syria as Africa launchpad

  • On December 18 the Wall Street Journal, citing Libyan and American officials, said there had been a transfer of Russian radars and defense systems from Syria to Libya, including S-300 and S-400 anti-aircraft batteries

PARIS: The fall of Russian ally Bashar Assad in Syria has disrupted the Kremlin’s strategy not only for the Mediterranean but also for Africa, pushing it to focus on Libya as a potential foothold, experts say.
Russia runs a military port and an air base on the Syrian coast, designed to facilitate its operations in the Mediterranean, the Middle East, and sub-Saharan Africa, especially the Sahel, Sudan, and the Central African Republic.
However, this model is in jeopardy with the abrupt departure of the Syrian ruler.
Although Syria’s new leader, Ahmed Al-Sharaa, has called Russia an “important country,” saying “we do not want Russia to leave Syria in the way that some wish,” the reshuffling of cards in Syria is pushing Russia to seek a strategic retreat toward Libya.
In Libya, Russian mercenaries already support Khalifa Haftar, a field marshal controlling the east of the country, against the Tripoli-based Government of National Unity (GNU) which has UN recognition and is supported by Turkiye.
“The goal is notably to preserve the ongoing Russian missions in Africa,” said Jalel Harchaoui at the RUSI think tank in the UK.
“It’s a self-preservation reflex” for Russia which is anxious “to mitigate the deterioration of its position in Syria,” he told AFP.
In May 2024, Swiss investigative consortium “All Eyes On Wagner” identified Russian activities at around 10 Libyan sites, including the port of Tobruk, where military equipment was delivered in February and April of last year.
There were around 800 Russian troops present in February 2024, and 1,800 in May.
On December 18 the Wall Street Journal, citing Libyan and American officials, said there had been a transfer of Russian radars and defense systems from Syria to Libya, including S-300 and S-400 anti-aircraft batteries.

Since Assad’s fall on December 8, “a notable volume of Russian military resources has been shipped to Libya from Belarus and Russia,” said Harchaoui, adding there had been troop transfers as well.
Ukrainian intelligence claimed on January 3 that Moscow planned “to use Sparta and Sparta II cargo ships to transport military equipment and weapons” to Libya.
Beyond simply representing a necessary replacement of “one proxy with another,” the shift is a quest for “continuity,” said expert Emadeddin Badi on the Atlantic Council’s website, underscoring Libya’s role as “a component of a long-standing strategy to expand Moscow’s strategic foothold in the region.”

According to Badi, “Assad offered Moscow a foothold against NATO’s eastern flank and a stage to test military capabilities.”
Haftar, he said, presents a similar opportunity, “a means to disrupt western interests, exploit Libya’s fractured politics, and extend Moscow’s influence into Africa.”
The Tripoli government and Italy, Libya’s former colonial master, have expressed concern over Russian movements, closely observed by the European Union and NATO.
Several sources say the United States has tried to persuade Haftar to deny the Russians a permanent installation at the port of Tobruk that they have coveted since 2023.
It seems already clear the Kremlin will struggle to find the same level of ease in Libya that it had during Assad’s reign.
“Syria was convenient,” said Ulf Laessing, the Bamako-based head of the Sahel program at the Konrad Adenauer Foundation.
“It was this black box with no Western diplomats, no journalists. They could basically do what they wanted,” he told AFP.
“But in Libya, it will be much more complicated. It’s difficult to keep things secret there and Russian presence will be much more visible,” he said.
Moscow will also have to contend with other powers, including Turkiye, which is allied with the GNU, as well as Egypt and the United Arab Emirates, who are patrons of Haftar.
In Libya, torn into two blocs since the ouster of longtime leader Muammar Qaddafi in February 2011, “everybody’s trying to work with both sides,” said Laessing.
Over the past year, even Turkiye has moved closer to Haftar, seeking potential cooperation on economic projects and diplomatic exchanges.
Russia will also be mindful to have a plan B should things go wrong for its Libyan ally.
“We must not repeat the mistake made in Syria, betting on a local dictator without an alternative,” said Vlad Shlepchenko, military correspondent for the pro-Kremlin media Tsargrad.
Haftar, meanwhile, is unlikely to want to turn his back on western countries whose tacit support he has enjoyed.
“There are probably limits to what the Russians can do in Libya,” said Laessing.