Oil prices
Middle East economies take massive hit with oil price crash
Middle East
April 27, 2020
Middle East economies take massive hit with oil price crash
BAGHDAD (AP) — Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia…
Coronavirus shakes Saudi state’s foundations
Middle East
April 24, 2020
Coronavirus shakes Saudi state’s foundations
More than elsewhere, the coronavirus outbreak has put Saudi Arabia’s vision for the future in jeopardy. The collapse in oil…
Iran will fare better than others after oil price drop, says Rouhani
Middle East
April 22, 2020
Iran will fare better than others after oil price drop, says Rouhani
DUBAI (Reuters) — Iran will not suffer as much as other countries from the oil price drop because it is…
US dollar jumps vs Saudi riyal in forwards market as oil slumps
Economy
April 22, 2020
US dollar jumps vs Saudi riyal in forwards market as oil slumps
LONDON/DUBAI (Reuters) — The US dollar rose against the Saudi riyal in the forwards market on Wednesday after oil prices…
Middle East economies battered by virus, oil prices and conflict
Middle East
April 15, 2020
Middle East economies battered by virus, oil prices and conflict
DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
Oman says will cut oil output by 200,000 bpd from May 1
Business
April 14, 2020
Oman says will cut oil output by 200,000 bpd from May 1
DUBAI (Reuters) — Oman has told its oil producing companies to cut 200,000 barrels per day starting from May 1…
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
Business
April 13, 2020
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
BAKU/DUBAI/LONDON (Reuters) — OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop…
Saudi Arabia, Russia seek to finalize oil cuts in G20 talks, want US involved
Business
April 10, 2020
Saudi Arabia, Russia seek to finalize oil cuts in G20 talks, want US involved
DUBAI/MOSCOW (Reuters) — Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective…
Oil edges down after Saudi Arabia, Russia delay meeting
Middle East
April 6, 2020
Oil edges down after Saudi Arabia, Russia delay meeting
SINGAPORE (Reuters) – Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts…
Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus
Middle East
March 30, 2020
Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus
RIYADH/DUBAI (Reuters) — Saudi Arabia and the United Arab Emirates are spending tens of billions to prop up their economies…