Saudi Arabia to end voluntary cuts on top of Opec+ pact
Opec+ agreed on Saturday to extend record output cuts of 9.7 million barrels per day into July.
Saudi Arabia to launch $4 billion tourism development fund
The Tourism Development Fund will launch equity and debt investment vehicles to de...
Saudi Arabia to lift nationwide curfew, resume economic activities from Sunday
The curfew will be lifted as of 6 AM local time on Sunday. Res...
Covid-19: Indian pilgrims will not travel to Saudi Arabia for Haj 2020, says Mukhtar Abbas Naqvi
The decision was taken after Saudi Arabia's Haj and Umrah minister Mohammad Saleh bin Taher Benten telephoned last night and suggested not to send pilgrims from India for Haj this year, Naqvi told reporters.
Saudi Arabia reopens mosques with strict regulations for worshippers
Worshippers headed to mosques for dawn prayers amid strict regulations requiring use of face masks and personal prayer mats, avoiding handshakes and standing at least 2 metres apart.
Can Saudi Arabia’s Crown Prince fix his mistakes?
An ill-timed oil war & the Covid crisis will force the crown prince to deeply alter his “Vision 2030” plan.
Saudi Arabia may raise July oil prices to Asia: Survey
Saudi Arabia is expected to increase the July OSP for Arab Light crude by $3.80 a barrel on average.
Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom
Amazon said it is building an operations network that will span the country, and its footprint already includes 14 warehouses, a workforce of more than 1,400 and a strategic delivery partnership with Saudi Post.
Opec, Russia seen easing oil production cuts from August: Sources
Record cuts were meant to last until the end of June but then had been extended into July.
Saudi oil exports down by $12 billion year on year in April
Compared to March, total exports - including non-oil exports of goods such as chemicals and plastics - decreased by 23.5 per cent, or about $3 billion, the General Authority for Statistics said. Amid a drop in demand and oil prices, in the first quarter the value of Saudi Arabia's oil exports plunged by 21.9 per cent year on year to $40 billion.
Saudi Arabia's oil exports plunge $11 billion in first quarter
Brent crude prices fell more than 60% in the quarter hurt by the coronavirus pandemic and an oil price war between Saudi Arabia and Russia following the collapse in March of talks on further production cuts.
Another cheque for Reliance Jio: Saudi Arabia's PIF buys 2.32% stake for Rs 11,367 cr
Jio Platforms is set to raise Rs 11,367 crore by selling another 2.32% to Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF)....
Saudi oil cuts take seven supertankers a day off the market
The Saudis are leading a push among major oil producers to cut supplies.
Opec+ ministers meet to review oil cuts, compliance
Opec+ has been cutting output by a record 9.7 million barrels per day (bpd) since May 1.
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