Today’s Issue Cluster: Oil & Middle East
Gulf – Saudi Arabia-Iran row spreads
US – Banks hit by cheap oil
Ship – In World With Too Much Crude Oil, 1,100-Foot Steel Monsters Rule
EZ – Dec: Inflation holds steady at low rate; 0.2% / AP / B / eu *
Currencies – Riyal peg looms as talking point for 2016 FT *
Gulf – Saudis and Iran in Worst Clash Since 1980s B / FT / WSJ *
Gulf – Saudi Arabia-Iran row spreads B / CNN *
Gulf – The perils of relying on the sticky stuff E * *
Gulf – IMF warns on growth FT *
Gulf – Gloom descends as oil price slump hits economy FT
Gulf – Mideast Bankers Find Desert Is No Oasis WSJ *
Saudi Arabia – Unprecedented Subsidy Cuts B / FT / NYT *
Saudi Arabia – To tap global bond markets as oil fall hits finances FT * *
Saudi Arabia – Consumers Are Still Spending B * *
Saudi Arabia – No gain without pain FT / FT * *
UAE – Drops fuel subsidies to boost finances FT *
Dubai – The nuclear deal’s other winner E *
Qatar – World Cup woes add to business jitters FT * *
Iran – Hopes to raise hundreds of billions of dollars WSJ *
Iran – Businesses feel the squeeze as Tehran tightens up on tax FT * *
Iran – Eyes Iraq trade decades after war FT * *
Iran – End of sanctions offers new outlook, says central bank chief FT *
Iran – The removal of sanctions will be good, but also disruptive E *
US – Banks hit by cheap oil FT
US – Banks Bet on Energy Comeback WSJ *
Ship – In World With Too Much Crude Oil, 1,100-Foot Steel Monsters Rule B * *
Oil – Slides to 11-Year Low as Producers Seen Worsening Glut B *
Oil – Not Even OPEC Can Fix Glut WSJ *
Oil – Russian Output Hits Post-Soviet Record B * *
Oil – Peace in Libya Is Signaling More Pain in the Market B *
Oil – Guyana Discovery May Be 12 Times Larger Than Economy B *
Oil – Dreaming of energy security, India pumps desert crude AFP
Oil – US’s Producing States Battered B *
Oil – Companies brace for a grim 2016 FT *
Oil – Companies Gird for Weaker Prices in 2016 WSJ / FT *
Oil – Companies Keep Wells in Reserve NYT *
Oil – From Glut to Shortage? Some Say It Could Happen WSJ *
Oil – What Could Drive the Price Up WSJ *
Iran Has Been Hiding One of the World’s Great Collections of Modern Art B *
Bacon triptych worth an estimated $75m
