BREAKING NEWS | White House Says Trump, Saudi Crown Prince Discussed Energy Markets

WASHINGTON – U.S. President Donald Trump spoke with Saudi Arabia’s Crown Prince Mohammed bin Salman in a call on Monday to discuss global energy markets, among other issues, the White House said on Tuesday without giving other details.

Oil prices were up about 8% on Tuesday, a day after facing their biggest route in nearly 30 years as Saudi Arabia, the world’s biggest oil exporter, escalated tensions over its plan to ramp up production.

A fight for oil market share between Saudi Arabia and Russia exacerbate wider losses in financial markets triggered by concerns over the coronavirus, with U.S. stocks falling on Monday to their lowest levels since the 2008 financial crisis. On Tuesday, however, Wall Street appeared poised for a rebound.

‘Yesterday, President Donald J. Trump spoke with Crown Prince Mohammad Bin Salman of the Kingdom of Saudi Arabia. The President and the Crown Prince discussed global energy markets and other critical regional and bilateral issues’, White House spokesman Judd Deer said in a statement.

On Monday, Trump had blamed Saudi Arabia and Russia’s oil fight for the drop in U.S. stock prices and said the plunge in oil prices would be good for U.S. consumers.


HEALTH | Saudi Arabia’s Mawid Smartphone App Offers Coronavirus Self-Assessment

RIYADH | SAUDI ARABIA – The Saudi Health Ministry has introduced a self – assessment features on its Mawid smartphone app amid the global outbreak of coronavirus disease (COVID-19), offering a consultation window for the public The feature includes a list of questions, guidelines and instruction based on the users’ recent travel history and their … Continue reading HEALTH | Saudi Arabia’s Mawid Smartphone App Offers Coronavirus Self-Assessment

BUSINESS | OPEC+ Producers Debating Possible Oil Cuts Of 10 Million Bpd: OPEC Source

LONDON – The OPEC+ crude oil exporter is debating cutting global supply by 10 million barrels per day, an OPEC source said on Friday, adding any further cuts must include producers from outside the alliance. U.S. President Donald Trump said on Thursday he had broken  a deal with top crude producers Russia and Saudi Arabia … Continue reading BUSINESS | OPEC+ Producers Debating Possible Oil Cuts Of 10 Million Bpd: OPEC Source

BREAKING NEWS|Saudi King Earmarks $2.4 Billion To Pay Private – Sector Workers: State News Agency

RIYADH | SAUDI ARABIA –  Saudi Arabia’s King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages of private-sector workers to deter companies from laying off staff, the state-run Saudi Press Agency reported on Friday. The latest measure to tackle the fallout from the coronavirus … Continue reading BREAKING NEWS|Saudi King Earmarks $2.4 Billion To Pay Private – Sector Workers: State News Agency

BUSINESS | Kuwait Backs OPEC+ Merting, Resumes Neutral Zone Shipments With Saudi

RIYADH | SAUDI ARABIA – Kuwait supports Saudi Arabia’s invitation for a meeting between OPEC and non-OPEC oil producers, an informational grouping known as OPEC+, to curb global oil supply and halt the oil price rout, oil minister Khaled al-Fadhel said Friday. The energy ministry of non –OPEC producer Azerbaijan, meanwhile, said the  OPEC+ meeting … Continue reading BUSINESS | Kuwait Backs OPEC+ Merting, Resumes Neutral Zone Shipments With Saudi

BREAKING NEWS | Saudi Crown Prince Makes Telephone Call To Crown Prince Of Britain

RIYADH | SAUDI ARABIA – Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, made Thursday a telephone call to Crown Prince of Britain and Prince of Wales Prince Charles who has recently recovered from the novel Coronavirus. During the phone conversation, HRH Crown Prince was reassured … Continue reading BREAKING NEWS | Saudi Crown Prince Makes Telephone Call To Crown Prince Of Britain

BREAKING NEWS | Saudi Arabia Advances Curfew In Three Areas Over Coronavirus Fears

RIYADH | SAUDI ARABIA – Saudi Arabia has advanced to 3 p.m. (1200 GMT) its curfew in three areas, starting from Friday until further notice, state news agency SPA said, citing a senior official of the interior ministry. The measure in the city of Dammam, and the governorates of Taif and al-Qatif, aims to rein … Continue reading BREAKING NEWS | Saudi Arabia Advances Curfew In Three Areas Over Coronavirus Fears

NEWS | Kuwait Actress Triggers Uproar With Call Foe Expat Ban Over Coronavirus

BUCHAREST | ROMANIA – A famous Kuwaiti actress has sparked a furors by calling for expatriates to be expelled from the Gulf country so that locals can be sure of having a hospital bed if they fall ill with coronavirus. Hayat Al-Fahad, 71, who is known for playing a range of roles in Arabic dramas, … Continue reading NEWS | Kuwait Actress Triggers Uproar With Call Foe Expat Ban Over Coronavirus

BUSINESS | Russia Has No Plans To Raise Oil Production: Novak

BUCHAREST | ROMANIA – Russia has no plans to increase its oil output as the market has been oversupplied, Russian Energy Minister Alexander Novak told Reuters on Thursday. International crude price have fallen around 50% to under $26  a barrel since the Organization of the Petroleum Exporting Countries and other large oil producers led by … Continue reading BUSINESS | Russia Has No Plans To Raise Oil Production: Novak

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s