Oil prices fall in early trade after data shows rise in US crude inventories; concerns mount about new viral outbreaks
Saudi Arabia’s cabinet has urged OPEC+ countries to reduce oil output further to restore balance in global crude markets, the country’s state news agency reported early on Wednesday
Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis
Saudi Aramco first-quarter profit falls 25%, below analyst estimates; hurt by lower crude oil prices as coronavirus slashed demand
Saudi Arabian state oil giant Aramco (2222.SE) on Tuesday reported a 25 percent fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand
Premier League: Saudi Arabia state fund's bid to secure ownership of Newcastle United unlikely to transform club's fortunes
Observers believe that Saudi involvement is aimed at improving the country’s influence and image outside of its borders but says economic realities may limit their ambitions
USCIRF names India among 14 'countries of particular concern', cites CAA and Delhi riots in annual report on religious freedom
In the 2020 edition of its annual report on International Religious Freedom, the USCIRF alleged that in 2019, the Government of India used its strengthened parliamentary majority to institute national-level policies violating religious freedom across the country, especially for Muslims
Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects
Worldwide military expenditure in 2019 reached $1.92 trillion; China second, India third in total spending
The five largest spenders in 2019, which accounted for 62 percent of military expenditure, were the United States, China, India, Russia and Saudi Arabia.
Qatari capital Doha hosted the 2006 Games but Saudi Arabia has never organised an OCA multi-sport event
China's crude imports rise over 4% as global prices take a beating due to coronavirus outbreak; builds up stockpiles
Low oil prices “have a positive impact on China,” said the ruling Communist Party's Political and Legal Commission on its social media account.
Crude oil futures crashes into negative territory for the first time in history amid coronavirus pandemic
While US oil prices are trading in negative territory for the first time ever, it is unclear whether that will trickle down to consumers, who typically see lower oil prices translate into cheaper gasoline at the pump.
Ashley bought Newcastle United in 2007 but is widely viewed as a figure of scorn in the one-club city whose St. James' Park stadium is affectionately dubbed "the cathedral on the hill."
Govt plans to fill strategic petroleum reserve by third week of May; to help refineries reduce excess crude
India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on Tuesday
Coronavirus Outbreak: UAE extends curfew as COVID-19 cases increase, warns of reviewing labour ties with countries refusing to take back citizens
Millions of migrant labourers, mainly from Asian countries, including Nepal, India and the Philippines, are among the region’s large expatriate population
Mexico President Andres Manuel Lopez Obrador said on Friday Trump had offered to make extra US cuts on his behalf, an unusual offer by a president who has long railed against OPEC.
Coronavirus Outbreak: Saudi-led ceasefire begins in Yemen raising hope for an end to five-year-old war as world unites to fight COVID-19
A Saudi-led coalition fighting Yemen’s Houthi movement said it would halt military operations from 0900 GMT for two weeks in support of United Nations efforts to end the conflict that has killed more than 100,000 people
Yemen confirms first COVID-19 case in Hadhramout region; spread of virus in war-torn country would be catastrophic, says UN official
The case was diagnosed in the southern oil producing region of Hadhramout, the supreme national emergency committee said
Coronavirus impact: OPEC, Russia outline record oil cut under US pressure as demand crashes; Mexico declines to sign pact
Mexico refused to agree to its share of the crude oil cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours, CNN said.
Saudi-led coalition announces ceasefire in five-year Yemen war; move aimed, in part, to avoid potential coronavirus outbreak
The ceasefire will go into effect at midday on Thursday for two weeks and is open to extension
Capitalising on low global oil prices, India will fill its underground strategic oil reserves with oil from Saudi Arabia, the UAE and Iraq as it shores up supplies to meet any supply or price disruption
Oil demand drops 30%; OPEC allies likely to agree to cut production in meeting on Thursday if US joins effort, says report
While antitrust laws prohibit US oil producers from taking steps to push up oil prices, curbing output would be legal if state regulators or the federal government set lower production levels, antitrust experts said