Page 20 - Saudi Arabia

Oil hits 11-month high on Saudi cuts, shrugs off US Capitol unrest

Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first Covid-19 lockdowns in the West

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

Oil near 10-month high after Saudi Arabia's unilateral supply cut

Futures in New York rose 0.2 per cent, but gave up some earlier gains after failing to rise above the lows set in June 2019, a level seen as providing technical resistance

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

With a warm hug, Saudi and Qatari leaders agree to open borders

The decision to open land, air and sea borders came just ahead of a summit of regional leaders in Saudi Arabia on Tuesday

Saudi Crown Prince expects upcoming GCC summit to reconcile Gulf Monarchies

The GCC summit will promote peace and unity, Saudi Arabia's Crown Prince Mohammed bin Salman said

OPEC+ deadlocked over raising oil output, to resume talks on Tuesday

OPEC+ will resume talks after reaching a deadlock over February oil output levels as Saudi argued against pumping more due to new lockdowns while Russia led calls for higher production

Saudi Arabia to lift Qatar embargo, open airspace and land border

Saudi Arabia will open its air and land borders with Qatar in the first steps toward ending a diplomatic crisis that has deeply divided regional US allies since 2017

Saudi Arabia lifts ban on international flights, land and sea entry

Saudi Arabia announced on Sunday the lifting of the ban on all international flights as well as land and sea entry, the Saudi Press Agency reported

US approves potential sale of 3,000 smart bombs to Saudi Arabia: Report

The sale comes in the final days of US President Donald Trump's term

Saudi Arabia extends suspension of international flights by a week

Saudi Arabia on Monday announced the extension of the suspension of international commercial flights for an additional week

Saudi Arabia's Aramco announces discovery of four new oil and gas fields

Saudi Arabia announced the discovery of four new oil and gas fields, the Saudi Press Agency reported

Saudi extends suspension of flights by another week over Covid strain

Saudi Arabia has extended the suspension of all international commercial flights and entry into the Kingdom through land and seaports for another week in view of the new coronavirus strain

Gulf travel ban imposed for 7-8 days, to hit Indian and West Asian airlines

While India has suspended all flights from UK till December 31, the three West Asian states have stopped air travel from countries around the world for next 7-9 days

Saudi Arabia halts international flights over fears of new Covid-19 strain

Saudi Arabia has halted all international flights for a week amid fears over a highly infectious new mutant strain of the novel coronavirus which has been discovered in Britain

Indian economy can bounce back, investment plans on track: Saudi Arabia

Saudi Arabia on Sunday noted that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis

Pakistan returns $1 billion of Saudi Arabia's soft loan, officials say

Analysts say it is unusual for Riyadh to press for the return of money

Saudi Arabia plans spending cuts in 2021 as economy recovers: Report

The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021 after its deficit widened dramatically this year, according to an annual budget statement released Tuesday