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OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse

The delay came amid pressure from U.S. President Donald Trump for the Organization of the Petroleum Exporting Countries led by Saudi Arabia and its allies, a group collectively known as OPEC+, to urgently stabilise global oil markets. Oil prices hit

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Covid-19: Saudi Arabia imposes 24-hour curfew on Makkah, Madinah

KUALA LUMPUR: Saudi Arabia imposed a 24-hour curfew in Makkah and Madinah Thursday until further notice as part of its latest measures to combat the spread of Covid-19 pandemic in the country, Saudi Press Agency (SPA) reported. According to an

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Trump: Saudi Arabia, Russia “both went crazy” on oil issue

WASHINGTON: President Donald Trump said he planned to speak with Russian President Vladimir Putin on Monday and that Saudi Arabia and Russia “both went crazy” over oil prices pushed down by an economic slowdown caused by the need to slow

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The financial blow of the Coronavirus on businesses and events

PUCHONG: Government should take immediate action as most of the businesses are facing a huge loss due to COVID-19, said My Events International Founder/president, Shahul Hameed Dawood. As events are cancelled because of COVID-19, event planning industry takes hit as

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Oil price falls a third day, biggest weekly drop since 1991

TOKYO: Oil prices fell today for a third day, with Brent crude set for its biggest weekly drop since 1991 and US crude heading for the worst week since 2008 as panic about plunging demand from the coronavirus outbreak grips

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Saudi Arabia, Russia raise stakes in oil production standoff

DUBAI/MOSCOW: Saudi Arabia said yesterday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing Moscow’s suggestion for new talks. The clash of oil titans Saudi Arabia

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Oil prices rise 4% after biggest one-day fall since 1991

SINGAPORE: Oil prices rose by more than US$1 todau after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery

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COVID-19: Saudi Arabia quarantines eastern Qatif

RIYADH: Saudi Arabia imposed a lockdown on its eastern Qatif area Sunday in a bid to curb the spread of the novel coronavirus, Anadolu Agency cited local news reports. All cases of the coronavirus detected in the country are from

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Saudi Arabia locks down Qatif region, suspends schools over coronavirus

DUBAI: Saudi Arabia imposed a temporary lockdown yesterday on the eastern oil-producing province of Qatif, home to all 11 people in the kingdom who have tested positive for the coronavirus, and suspended all schools and universities nationwide. The interior ministry

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Saudi Arabia reopens Mecca, Medina after coronavirus closure

CAIRO: Saudi Arabia reopened two of the most holy religious sites in Islam, Al-Haram Mosque in Mecca and Al-Masjid al Nabawy in Medina, after they were closed for sterilisation to halt the spread of the new coronavirus, state TV Al-Ekhbariya

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