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Hoax Alert

Fake News: Saudi Arabia NOT To Increase Oil Prices 5 Times Starting Tomorrow

  • by: Maarten Schenk
  • (Thu, 14 Jun 2018 22:43:52 Z)

Will oil prices from Saudi Arabia increase fivefold tomorrow after the loss against Russia today at the World Cup with an embarrassing 5 - 0 score? No, that's not true: the story was published by a well known "fauxtire" site (a combination between "faux" and "satire"). It is not real, oil prices don't work that way.

The story originated from an article published by 8Shit on June 14, 2018 titled "Saudi Arabia To Increase Oil Prices "5 Times", Starting Tomorrow" (archived here) which opened:

Following today's match with Russia, the King of Saudi Arabia Mohammed bin Salman, has announced a slight increase in oil prices, starting tomorrow. After losing 5 - 0 against Russia, Saudi Arabia will increase the price at which they sell oil, 5 times.

"This is an important decision, especially for those who are making memes about us right now. They are the ones who will feel the pressure", said Salman, very angered in a press conference. "We can't be made fun of", he said.

Screenshot of https://www.8shit.net/saudi-arabia-to-increase-oil-prices-5-times-starting-tomorrow/

Users on social media only saw this title, description and thumbnail and might have driven to the pump to fill up:

Saudi Arabia To Increase Oil Prices "5 Times", Starting Tomorrow

Following today's match with Russia, the King of Saudi Arabia Mohammed bin Salman, has announced a slight increase in oil prices, starting tomorrow. After losing 5 - 0 against Russia, Saudi Arabia will increase the price at which they sell oil, 5 times. "This is an important decision, especially for those who are making memes about [...]

But 8shit.net carries a disclaimer on its about page that reads:

8Shit is a satire and humor website.

It contains cutting edge satire on a diverse range of topics.

The website publishes fake news, shocking rumors and reports with incisive sarcasm, and humor.

We also post crazy real news which often sounds too good to be true.

And an additional disclaimer in the footer of every page:

8Shit is a satire news and humor website. All its content is fiction (except those posts under the "serious" category) and shouldn't be taken as real. All references, names and marks or institutions in this website are used as contextual elements, like in any novel or science-fiction story.

We wrote about 8shit.net before, here are our most recent articles that mention the site:

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About the author:

Maarten Schenk is our resident expert on fake news and hoax websites. He likes to go beyond just debunking trending fake news stories and is endlessly fascinated by the dazzling variety of psychological and technical tricks used by the people and networks who intentionally spread made-up things on the internet.  He can often be found at conferences and events about fake news, disinformation and fact checking when he is not in his office in Belgium monitoring and tracking the latest fake article to go viral.

Read more about or contact Maarten Schenk
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