Apr 21 The price of oil fell below $0. What happens next? By Ryan Chilcote The stuff that makes the world go round, the lifeblood of the global economy, was worthless -- more stunning evidence of how this pandemic is rocking the global economy. Continue reading
Apr 12 OPEC, oil nations agree to nearly 10M barrel cut amid virus By Jon Gambrell, Associated Press OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. Continue reading
Apr 08 Saudi officials announce Yemen cease-fire amid pandemic By Ahmed Al-Haj, Maggie Michael, Associated Press Officials said the cease-fire will be for two weeks, during which the coalition supporting Yemen's internationally recognized government will support U.N. efforts to bring the rival parties to the table for peace talks. Continue reading
Apr 02 Trump says he expects Russia and Saudi Arabia to cut oil production By Associated Press President Trump says he expects Saudi Arabia and Russia will end an oil war and dramatically cut production. Continue reading
Mar 25 Watch 4:05 News Wrap: Pompeo warns that Afghan political feud jeopardizes peace In our news wrap Wednesday, Secretary of State Mike Pompeo warned that a political feud in Afghanistan is jeopardizing peace efforts. He met with President Ashraf Ghani and rival Abdullah Abdullah earlier this week but failed to break their impasse… Continue watching
Mar 25 Turkish prosecutors file indictment over Khashoggi killing By Associated Press Turkish prosecutors have formally charged two former aides of Saudi Crown Prince Mohammed bin Salman and 18 other Saudi nationals over the 2018 killing of Washington Post columnist Jamal Khashoggi. Continue reading
Mar 10 Why Russia just torpedoed global oil prices By Ryan Chilcote For many of the oil-rich countries, 2020 was already off to a miserable start, but they took a beating on Monday-- a barrel of oil now costs half what it did at the beginning of the year. What happened?… Continue reading
Mar 09 Saudi Arabia, Israel tighten restrictions to counter virus By Jon Gambrell, Associated Press Saudi Arabia has closed off air and sea travel to 14 countries affected by the new coronavirus while Israel announced plans to place anyone arriving from overseas into quarantine. Continue reading
Mar 08 Saudis’ arrest of 2 princes called a warning to royal family By Aya Batrawy, Associated Press Saudi Arabia's King Salman was shown in state media Sunday in apparent good health and working, just days after the arrest of two senior princes triggered speculation about a possible coup attempt or a sudden deterioration in the king's health. Continue reading
Mar 06 Reports say Saudis arrest 2 princes for allegedly plotting coup By Associated Press The Wall Street Journal is reporting that Saudi officials have arrested two members of the royal family for allegedly plotting to oust King Salman and the son he has designated to succeed him, Crown Prince Mohammed bin Salman. Continue reading