Kuwait and Saudi Arabia have agreed to halt oil production from the joint al-Khafji field for one month, starting from June 1, Kuwait’s Al Rai newspaper reported on Saturday. There was no immediate …
Saudi Arabia’s coronavirus cases top 50,000: ministry
The number of coronavirus cases in Saudi Arabia topped 50,000 on Saturday, the health ministry said. A ministry official reported 2,840 new cases, taking the cumulative total to 51,980. That was up …
Saudi Arabia’s worst financial crisis in decades threatens prince’s ambitions
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 …