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 Russia failed last month to agree to extend their deal to curb output.
However, they jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach an agreement soon to end their oil price war.
Novak said Russia has not yet discussed the oil market situation with Saudi Arabia, but does not rule this out.
Success Of Joint Emirati-Saudi Mediation Regarding Release And Exchange Of Prisoners Between United States And Russian Federation
PARIS, France – – In a joint statement, the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry of Foreign Affairs in the Kingdom of Saudi Arabia, announced the success of the mediation led by His Highness President Sheikh Mohammed bin Zayed Al Nahyan, and His Royal Highness Prince Mohammed bin Salman […]
PARIS, France – Chinese leader Xi Jinping met on Thursday with Saudi Arabia’s king and crown prince while on a visit to the kingdom, solidifying ties with a region crucial to his country’s energy supplies as sanctions intensify on Russian over its war on Ukraine. Xi arrived at Al Yamama Palace in Riyadh and was […]
PARIS, France – The United Arab Emirates (UAE) president arrived in Qatar on Monday in the first such visit since Saudi Arabia and its Arab allies ended a boycott of Doha nearly two years ago. Sheikh Mohammed bin Zayed al – Nahyan, the UAE’s de facto ruler for years before becoming president in May, was […]
PARIS, France – U.S. President Joe Biden warned President Xi Jinping on Monday that the United States would enhance its security position in Asia if Beijing cannot rein in North Korea’s weapons programmes, and during a three-hour meeting, the two leaders also had strong words about Taiwan. Bident told a news conference after his first […]
PARIS, France – The children of Iran’s revolution are carrying out their own revolution, said French President Emmanuel Macron in an interview with French radio broadcast on Monday, as Iran holds seven French citizens in the country amid deteriorating ties between the two countries. France lashed out at Iran on Oct.6, accusing it of ”dictatorial […]
PARIS, France – At least one person was killed and 10 others were wounded on Monday after rockets hit the headquarters of an Iranian Kurdish party in the city of Koye, near the capital of Iraq’s autonomous Kurdish region Erbil, the mayor of Koye Tariq Haidari said. Iran’s semi-official Fars news said the country’s Revolutionary […]
PARIS, France – Leading Iranian actress Taraneh Alidoosti has posted a picture of herself on Instagram without a headscarf to express support for nationwide anti-government protests. Best-known for her role in ”The Salesman”, which won an Academy Award in 2017, the pro-reform artist held up a sign in the Instagram post that read ”Woman, Life, […]
PARIS, France – Pope Francis arrived in Bahrain on Thursday to start a four – day trip, the second by the pontiff to the Arabian Peninsula. The plane carrying the pope arrived in Sakir where he is due to meet King Hamad bin Isa Al Khalifa in the Sakhir Palace.
PARIS, France – Former Pakistan Prime Minister Imran Khan was wounded in the shin on Thursday when his convoy was shot at in the country’s east on Thursday, an aide said. A member of Khan’s Pakistan Tehreek-e-Insaf (PTI) party said several colleagues were also wounded amid reports one had been killed. ”A man opened fire […]
PARIS, France – – Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state carrier’s chief executive said on Wednesday. Saudia CEO Ibrahim Koshy said the planes would be ”a premium service” that carry four […]
PARIS, France – Qatar has faced unprecedented criticism since winning the bid to host the 2022 World Cup, some of which amounted to slander, its ruler, Emir Sheikh Tamim bin Hamad al Thani, said on Tuesday. ”We initially dealt with the matter in good faith”, Sheikh Tamim said in a televised policy speech, adding that […]
PARIS, France – Saudi Arabian Airlines (Saudia) is in talks with plane makers Airbus SE and Boeing Co on orders for itself and a new carrier the kingdom plans to launch, the state-owned airline’s chief executive said on Tuesday. The talks are for aircraft for both airlines as they have the ”same shareholder”, Ibrahim Koshy […]
PARIS, France – French President Emmanuel Macron congratulated Rishi Sunak on Tuesday on becoming the new UK Prime Minister, and added in a Twitter message that he would look to work with him on common challenges such as the war in Ukraine.
PARIS, France – Saudi Arabia and the United States will get over their ”unwarranted” spat over oil supplies, the kingdom’s investment minister told a business forum in Riyadh on Tuesday, highlighting long-standing corporate and institutional ties. This month’s decision by the OPEC+ alliance led by Saudi Arabia to cut oil output targets unleashed a war […]
PARIS, France – Saudi Crown Prince Mohammed bin Salman will not attend the Arab summit to be held on Nov.1 in Algeria, in compliance with a doctors’ recommendation to avoid travel, the Algerian presidency said in a statement late on Saturday. Prince Mohammed, the kingdom’s de-facto ruler, ”expressed his regret for non-attending the Arab Summit”, […]
PARIS, France – The Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Saudi Public Investment Fund, and Brazilian meatpacker Minerva has acquired the Australian Lamb Company (ALC) for 970 million riyals ($258 million), SALIC said in a statement on Friday. The acquisition was done through Minerva Food Australia, a joint venture established last […]
MILAN, Italy – Finland’s Foreign Minister Pekka Havvisto said on Friday his country remains in regular contact with Turkey amid the Nordic nation’s NATO membership bid and that he has been in dialogue with his Turkish counterpart during the past week.
MILAN, Italy – Saudi Arabia’s energy minister Prince Abdulaziz bin Salman on Friday said OPEC+ is doing the right job to ensure stable and sustainable oil markets. He was responding to questions on a recent decision by OPEC+ to cut oil output by 2 million barrels per day.
PARIS, France – Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and the director of China’s National Energy Administration Zhang Jinhua on Friday said they would strengthen their ties in the energy sector, the Saudi state news agency SPA reported. The officials spoke in a teleconference call and stressed the importance of stable long-term supplies […]
JEDDAH, Saudi Arabia – Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister of Defense, welcomed on Friday U.S. President Joe Biden at the Al – Salam Palace in Jeddah. Custodian of the Two Holy Mosques King Salman bin Abdulaziz is set to meet with Biden at the Al – Salam Palace. Biden had arrived […]
LONDON – Tunisia’s Ons Jabeur lifted the spirits of an entire continent as she became the first Arab and first African woman to reach the Wimbledon final with a rousing 6-2 3-6 6-1 victory over her barbecue buddy Tatjana Maria on Thursday. Before she stepped on court, American great Billie Jean King said Jabeur was […]
PARIS, France – Saudi Arabia’s Supreme Court has called on all Muslims in the Kingdom to sight the Dhu al – Hijjah crescent moon on Wednesday evening, the official Saudi Press Agency reported on Monday. The sighting of the moon marks the beginning of the Dhu Al – Hijjah Islamic month in which the Hajj […]
PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push […]
PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on […]
PARIS, France – Saudi Crown Prince Mohammed bin Salman will visit Egypt on June 20 as part of a regional tour that includes stops in Jordan and Turkey, two diplomatic sources said on Saturday. Prince Mohammed will meet Egyptian President Abdel Fattah al – Sisi to discuss issues including the impact of the war in […]
PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative […]
PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life […]
WASHINGTON – The White House took the rare step of recognizing the role played by Saudi Arabia’s Crown Prince Mohammed bin Salman in extending a ceasefire in Yemen on Thursday ahead of what is expected to be a trip to Riyadh by President Joe Biden. White House press secretary Karine Jean – Pierre told reporters […]
MILAN – Italy’s top soccer league Serie A is in talks over a broadcast deal with state – backed Abu Dhabi Media and on a separate agreement to host its Super Cup in the emirate, three sources with knowledge of the matter said. Home to AC Milan, Juventus and other top clubs, Serie A is […]
PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in […]