BUSINESS | Saudi Arabia Ready To Cut Up To 4 Million Bpd From Record April Output: Source

RIYADH | SAUDI ARABIA – Saudi Arabia is ready to cut up to 4 million barrels per day (bpd) of its production but only from its record output levels of 12.3 million pbd achieved in April, a source briefed on the kingdom’s oil policy said on Thursday. OPEC and other producers meet on Thursday to … Continue reading BUSINESS | Saudi Arabia Ready To Cut Up To 4 Million Bpd From Record April Output: Source

ECONOMY | Saudi Call For OPEC+ Meeting Is An Extension To Its Efforts To Achieve Market Balance

RIYADH | - Saudi  Arabia’s call for OPEC+ meeting is an extension to its previous efforts to achieve market balance and stability, the Saudi Cabinet said in a statement on Tuesday. ‘Saudi Arabia’s call for OPEC+ and a group of other countries to hold an urgent meeting, seeking to reach a fair agreement to restore … Continue reading ECONOMY | Saudi Call For OPEC+ Meeting Is An Extension To Its Efforts To Achieve Market Balance

GLOBAL ECONOMY | G20 Energy Ministers To Meet To Foster Global Cooperation: Statement

RIYADH | SAUDI ARABIA – Saudi Arabia said it would convene a virtual meeting of energy ministers from the Group of 20 major economies on Friday ‘to foster global dialogues and cooperation to ensure stable energy markets and enable a stronger global economy’. A statement from the Saudi G20 secretariat said the energy ministers, speaking … Continue reading GLOBAL ECONOMY | G20 Energy Ministers To Meet To Foster Global Cooperation: Statement

BREAKING NEWS | G20 Finance Officials To Speak Again On Tuesday About Coronavirus

RIYADH | SAUDI ARABIA – Finance ministers and central bankers from the Group of 20 major economies will convene via video conference on Tuesday, for the second time in just over a week, to coordinate their response to the coronavirus pandemic, three sources told Reuters. One of the sources said the among the topics of … Continue reading BREAKING NEWS | G20 Finance Officials To Speak Again On Tuesday About Coronavirus

BUSINESS | U.S. Weekly Jobless Claims Surge To A Record 3.28 Million As Coronavirus Spurs Mass Layoffs

BUCHAREST   - The number of Americans filing claims for unemployment benefits shot to record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history. Initial … Continue reading BUSINESS | U.S. Weekly Jobless Claims Surge To A Record 3.28 Million As Coronavirus Spurs Mass Layoffs

BREAKING NEWS | G20 Leaders To Convene Remotely As Coronavirus Cases Near Half A Million

RIYADH | SAUDI ARABIA – Leaders from the Group of 20 major economies will speak by video link on Thursday about combating the coronavirus pandemic and its economic impacts, as global infections top 471,000 with more than 21,000 dead. G20 finance ministers and central bankers agreed this week to develop an ‘action plan’ to respond … Continue reading BREAKING NEWS | G20 Leaders To Convene Remotely As Coronavirus Cases Near Half A Million

BREAKING NEWS | Saudi King Says G20 Exceptional Summit To Unite Coronavirus Efforts

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman said on Wednesday that as the world confronts the new coronavirus, the Group of 20 major economies will convene in an exceptional summit to come up with initiatives to unite the efforts to combat the pandemic. ‘As the world confronts the COVID-19 pandemic and the challenges … Continue reading BREAKING NEWS | Saudi King Says G20 Exceptional Summit To Unite Coronavirus Efforts