In a shopping mall in Riyadh, Saudi Arabia, a security guard checking the temperatures of patrons said this week that his salary had been slashed after the coronavirus started to spread. So did the …
The Oil Majors Have Already Outlasted Saudi Arabia
The oil price – and thus the business – has been hit by those two things, the oil price war and the coronavirus close-down. The second of those two is stumbling …
Oman considers cutting oil output in June by an extra 10,000-15,000 bpd: Minister
Oman is considering cutting its oil output in June by another 10,000 to 15,000 barrels per day, the Omani oil minister told Reuters on Friday, after Saudi Arabia and other Gulf OPEC producers also …
Boeing nabs $3.1B in cruise missile deals for Saudi Arabia, other partners
The Navy awarded Boeing with a combined $3.1 billion in contracts this week for cruise missile weapon systems for foreign partners, including Saudi Arabia.
Newcastle United fans urged to resist Saudi Arabia fund takeover
United fans are urged to “unite to protect” the club from a takeover by a fund controlled by Saudi Arabia’s Crown Prince Mohammed bin Salman.
Strict COVID-19 curfew will remain in Saudi Arabia for Eid al-Fitr
Saudi Arabia will maintain a national curfew the during the five-day Eid al-Fitr holiday, which begins in a little more than a week, state media said Wednesday.
Saudi Arabia to Introduce 24-Hour Daily Curfew Across the Kingdom for Eid Holiday
RIYADH (Reuters) – Saudi Arabia will enforce a 24-hour curfew across the kingdom during a 5-day holiday to celebrate Muslim Eid al-Fitr which marks the end of the holy month of Ramadan, the interior …
Saudi Arabia’s oil cuts were ‘not expected,’ says strategist
It looks like Saudi Arabia is trying to give “a shot of adrenaline” to the oil market to get prices higher, says Helima Croft, RBC Capital Markets’ managing director and global head of commodity …
UAE to cut oil output by 100,000bpd in June
The UAE will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to back Saudi Arabia’s efforts to rebalance the world oil market, said Suhail bin Mohammed Faraj Faris Al …
Oil prices climb as Saudi Arabia pledges further production cut
Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus …