Oil prices

Saudis see high hopes for 2020 upended by pandemic
Middle East

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

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

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

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

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

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

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

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

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

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…
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