It was Russia, not Saudi Arabia, that pulled out of OPEC+ deal: Saudi ministers

  • Saudi foreign and energy ministers say Moscow's claim that Kingdom withdrew from the OPEC+ deal was unfounded
  • They said it was Russia that abandoned the agreement, leading to a collapse in world oil prices
By Arab News ·


Royal decree allocates 9 billion riyals for employees affected by coronavirus repercussions

  • Citizens can apply for compensation in April and payment will start at the beginning of May
By Arab News ·


Virtual oil summit planned amid ongoing market volatility

  • Meeting follows call from Saudi Arabia for urgent meeting and telephone diplomacy between Kingdom, Russia and the US
By Frank Kane ·

High demand but no shortages in Saudi supermarkets

  • Commerce Ministry dealing with us closely to make sure people are getting what they want, says Danube co-founder
By Rashid Hassan ·

Turkey blocks delivery of medical equipment to coronavirus hard-hit Spain

  • Spain had yet to receive the respirators it had bought from China after Turkey “decided to keep them in case they may need them in their battle against coronavirus”
  • Turkey earlier restricted the export of respirator-related medical equipment in order to meet domestic needs
By Arab News ·

OPEC+ emergency meeting likely to be postponed to April 8 or 9

  • The postponement allows for more time for negotiations among oil producers
By Reuters ·