U.S., Qatar To Discuss Energy Security During Emir’s Washington Visit

WASHINGTON – Qatar’s ruling emir will hold talks with U.S. President Joe Biden at the White House on Jan.31 on a range of issues that will include global energy security, the White House said on Tuesday, amid concerns about gas supplies to Europe. Sheikh Tamim bin Hamad al – Thani’s visit, the first since Biden … More U.S., Qatar To Discuss Energy Security During Emir’s Washington Visit

Saudi Arabia Participates In COP26 Climate Change Summit In Glasgow

LONDON  – Saudi Arabia participated in the 26th UN Climate Change Conference of the Parties (COP26) in Scotland’s Glasgow on Sunday, confirming the importance of climate change and environmental protection, the official Saudi Press Agency (SPA) reported. During its G20 Presidency last year, Saudi Arabia strengthened its leadership role towards common international issues and contributed … More Saudi Arabia Participates In COP26 Climate Change Summit In Glasgow

Sustained Higher Oil Prices To Spur U.S. Output Growth – JP Morgan

Sustained higher oil prices are expected to spur higher U.S. oil output this year, JP Morgan analysts said in a weekly note. ‘At current prices, most U.S. onshore operators are economic, leaving a vast group  of operators, from large public companies to private players, in good position to ramp up activity in 2h21 and build … More Sustained Higher Oil Prices To Spur U.S. Output Growth – JP Morgan

BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin

RIYADH | SAUDI ARABIA  – Saudi Arabia’s Crown Prince Mohammed Bin Salman discussed with Russian President Vladimir Putin energy markets and the implementation of agreements by the oil producers group known as OPEC+ on Saturday. ‘Both sides have reiterated their willingness to continue close coordination in this area in order to maintain stability on the … More BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin

GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months

RIYADH | SAUDI ARABIA – Financial leaders of the world’s biggest economies claimed a ‘historic achievement’ in reaching a framework to deal with heavily indebted poorer countries, which have been severely impacted by the coronavirus pandemic. The finance ministers and central governors of the G20 nations agreed at a virtual meeting organized by the Saudi … More GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months

BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House

WASHINGTON – U.S. President Donald Trump and Saudi Arabian Crown Prince Mohammed bin Salman Bin Abdulaziz Al Saud discussed the fight against the coronavirus pandemic and ‘re-energizing global economies’ during a telephone call on Thursday, the White House said. The two leaders also discussed regional and bilateral issues and the prince ‘reaffirmed the strong United … More BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House

BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

NEW YORK  – Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that is to too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program. Morgan Stanley, along with JPMorgan Chase & Co, Bank of America and five others, voluntarily suspended their share repurchases … More BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

G20 SAUDI ARABIA | G20 Health Ministers Acknowledge Health Systems’ Vulnerability To Pandemics: Statement

RIYADH| SAUDI ARABIA – Health ministers from the Group of 20 major economies discussed weaknesses in health systems that made the world vulnerable to the coronavirus outbreak and other pandemic, a statement said after a virtual meeting on Sunday. The Saudi G20 secretariat said that the ministers shared their national experiences, addressed necessary actions to … More G20 SAUDI ARABIA | G20 Health Ministers Acknowledge Health Systems’ Vulnerability To Pandemics: Statement

BUSINESS | Saudi Energy Minister Says Effective Global Oil Cuts Above 19 million bpd

BUCHAREST | ROMANIA  – Saudi Arabia’s energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserve. OPEC and allies led by Russia, a group known as … More BUSINESS | Saudi Energy Minister Says Effective Global Oil Cuts Above 19 million bpd

BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman, Russia’s president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone, Saudi state news agency SPA said on late Sunday. The three leaders expressed their comfort with the results of the efforts exerted to stabilize global oil … More BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA