Oil prices
Saudis see high hopes for 2020 upended by pandemic
Middle East
June 16, 2020
Saudis see high hopes for 2020 upended by pandemic
DUBAI, United Arab Emirates (AP) — This was supposed to be Saudi Arabia’s year to shine as host of the…
Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low
Middle East
May 14, 2020
Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low
LONDON (Reuters) — Iran’s oil exports have sunk to a record low as the coronavirus crisis compounds the impact of…
Saudi Aramco debt to climb as world’s largest dividend weighs
Economy
May 13, 2020
Saudi Aramco debt to climb as world’s largest dividend weighs
LONDON (Reuters) — Saudi Aramco’s debt is expected breach target levels as an oil price collapse triggered by the coronavirus…
Built for a global economy, Dubai now threatened by virus
Middle East
May 13, 2020
Built for a global economy, Dubai now threatened by virus
DUBAI, United Arab Emirates (AP) — Dubai built a city of skyscrapers and artificial archipelagos on the promise of globalization,…
Saudi Arabia triples taxes, cuts $26 bn in costs amid pandemic
Middle East
May 11, 2020
Saudi Arabia triples taxes, cuts $26 bn in costs amid pandemic
DUBAI, United Arab Emirates (AP) — Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to…
Pandemic pushes some Iraqis, broken by conflict, into poverty
Middle East
May 6, 2020
Pandemic pushes some Iraqis, broken by conflict, into poverty
BAGHDAD (Reuters) — When shops and homes shutter at curfew, some Iraqis in this Baghdad district say it reminds them…
SABIC reports first-quarter loss, warns coronavirus could hit demand
Business
May 4, 2020
SABIC reports first-quarter loss, warns coronavirus could hit demand
(Reuters) — Saudi Basic Industries Corp, the world’s fourth-biggest petrochemicals firm, reported a net loss in the first quarter, citing…
Dubai Expo 2020 world’s fair postponed to October 1, 2021
Middle East
May 4, 2020
Dubai Expo 2020 world’s fair postponed to October 1, 2021
DUBAI, United Arab Emirates (AP) — Dubai’s Expo 2020 world’s fair will be postponed to Oct. 1, 2021, over the…
Qatar Petroleum plans job and cost cuts amid market downturn: sources
Business
April 30, 2020
Qatar Petroleum plans job and cost cuts amid market downturn: sources
LONDON/DUBAI (Reuters) — Qatar Petroleum, one of the world’s biggest energy companies, plans a new wave of job cuts and…
Will the Collapse of American Crude Oil Prices Overthrow Trump?
Opinion
April 28, 2020
Will the Collapse of American Crude Oil Prices Overthrow Trump?
On April 10, 2020, Russia and OPEC member states agreed to cut oil production by 10 million barrels per day…