saudi arabia - updates

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Saudi oil supply hits record as price war rages

Apr 02, 2020 - 7:00 AM

On a single day, Saudi Aramco says it is 'breaking records to supply 15 tankers loading more than 18.8 million barrels of oil'

A handout picture provided by the Saudi Arabian Oil Company (Saudi Aramco) on April 1, 2020 shows Aramco tankers being loaded with oil at an undisclosed sea location. - Saudi Aramco supplies a record 18.8 million barrels of crude on a single day, escalating an price war with Russia while defying pressure from the United States. (Photo by - / Saudi Aramco / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SAUDI OIL COMPANY ARAMCO" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

Saudi urges Muslims to defer hajj plans over virus

Apr 01, 2020 - 2:07 PM

Saudi Arabia authorities are yet to announce whether they will proceed with this year's hajj, scheduled for the end of July

HAJJ PILGRIMAGE. A Muslim pilgrim feeds pigeons as worshipers arrive for a prayer at Mecca's Grand Mosque, home of the Kaaba. File photo by Mohammed al-Shaikh/AFP

Gulf stocks battered by coronavirus, oil price war in Q1 2020

Mar 31, 2020 - 9:45 PM

The 5 major bourses in the Gulf region plummet in the first 3 months of the year, with Dubai's market losing more than a third of its value

SLUMPING STOCKS. A Kuwaiti trader wearing a protective mask follows the market at the Boursa Kuwait stock exchange in Kuwait City on March 1, 2020. Photo by Yasser al-Zayyat/AFP

Saudi to raise oil exports to record levels as price war rages

Mar 30, 2020 - 10:25 PM

(UPDATED) With oil prices already at 17-year lows, Saudi Arabia announces it is ramping up exports beginning May

OIL FACILITY. A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. File photo by Fayez Nureldine/AFP

Saudi Arabia seizes 5 million illegally stored medical masks

Mar 29, 2020 - 10:41 PM

Authorities say the confiscated masks would be redistributed to the open market

Oil storage buckles as coronavirus saps demand

Mar 27, 2020 - 5:35 PM

Despite the coronavirus pandemic, crude oil production continues at full steam, pushing storage capacity to its limits

(FILES) In this file photo taken on April 20, 2016 This photograph taken on April 20, 2016 shows oil storage tanks on Jurong island off Singapore. - Despite the coronavirus pandemic that is devastating the world economy and oil demand, crude oil production continues at full steam, particularly in Saudi Arabia and the United States, pushing storage capacity to its limits. (Photo by ROSLAN RAHMAN / AFP)

U.S. urges Saudi Arabia to 'reassure' oil and financial markets

Mar 25, 2020 - 11:00 PM

'We agreed all countries need to work together to contain the pandemic and stabilize energy markets,' says US Secretary of State Mike Pompeo

DE FACTO LEADER. Saudi Arabia's Crown Prince Mohammed bin Salman attends a signing ceremony following a meeting of Russian President Vladimir Putin with Saudi Arabia's King Salman in Riyadh on October 14, 2019. File photo by Alexey Nikolsky/Sputnik/AFP

Turkey charges 20 Saudis over Khashoggi murder

Mar 25, 2020 - 5:49 PM

Prosecutors accuse Saudi Arabia's deputy intelligence chief Ahmed al-Assiri and the royal court's media czar Saud al-Qahtani of leading the operation and giving orders to a Saudi hit team

MURDERED. Jamal Khashoggi, a Washington Post contributor, was killed on October 2, 2018 after a visit to the Saudi consulate in Istanbul to obtain paperwork before marrying his Turkish fiancee. File photo by Yasin AKGUL / AFP

Saudi reports 1st coronavirus death as infections spike

Mar 24, 2020 - 10:50 PM

Saudi Arabia reports the highest number of infections in the Gulf

EMPTY. A picture taken on March 23, 2020, shows the empty King Fahd road in the Saudi capital Riyadh after authorities imposed a curfew for 21 days to curb the spread of the COVID-19 coronavirus pandemic. Photo by Fayez Nureldine/AFP

Saudi Arabia imposes dusk-to-dawn curfew over coronavirus

Mar 23, 2020 - 2:23 PM

The curfew in Saudi Arabia – from 7 pm until 6 am – will be imposed for 21 days, the official Saudi Press Agency says, citing a royal order

ADDRESSING THE NATION. A handout picture provided by the Saudi Royal Palace on March 19, 2020 in the capital Riyadh shows Saudi King Salman bin Abdulaziz speaking during a televised speech, addressing the nation about the COVID-19 coronavirus disease pandemic. Photo by Bandar Al-Jaloud/Saudi Royal Palace/AFP

Crude reality: Price crash means oil firms must slash spending

Mar 22, 2020 - 3:00 PM

Cost cutting is inevitable for oil firms as prices continue to drop

PRICE DROP. An oil refinery. Photo from Shutterstock

Saudi to hike borrowing to stimulate virus-hit economy

Mar 21, 2020 - 8:45 AM

Saudi Finance Minister Mohammed al-Jadaan says the proportion of borrowing will be raised from 30% to 50% of gross domestic product

A photo taken on March 18, 2020 shows empty streets in Riyadh amid drastic measures to contain the novel COVID-19 coronavirus disease in the desert kingdom, including full closure of shopping centres, restaurants, and public gardens as well as suspending work in the private sector. - Saudi Arabia called today for a 'virtual' G20 summit over coronavirus. (Photo by FAYEZ NURELDINE / AFP)

Saudi to arrest duo for drinking sterilizer to ward off virus

Mar 20, 2020 - 11:57 AM

One Twitter user demands the 'most severe punishment' for the duo, saying they put other young people at risk as they could be tempted to imitate them

DO NOT DRINK. A box of hand sanitizer and other disinfectant liquids, used by many during the new coronavirus pandemic, are on sale outside a shop in Berlin's Kreuzberg district on March 18, 2020. Photo by David Gannon/AFP

Saudi Arabia trims 2020 spending amid oil crash

Mar 19, 2020 - 7:15 PM

Hit by the coronavirus and plunging oil prices, Saudi Arabia braces for an economic slump

PRICE PLUNGE. A foreign worker wearing a protective mask fills a car tank at a gas station in Qatif, Saudi Arabia, on March 9, 2020. Photo by AFP

Oil crash piles pressure on virus-hit Saudi economy

Mar 18, 2020 - 12:00 PM

With oil prices plummeting and the coronavirus pandemic forcing shutdowns, huge losses are seen in Saudi Arabia

A Saudi man, wearing a protective mask as a precaution against COVID-19 coronavirus disease, walks past a mural showing the face of King Salman bin Abdulaziz, along Tahlia street in the centre of the capital Riyadh on March 15, 2020. (Photo by FAYEZ NURELDINE / AFP)

Oil giant Aramco to tap inventories to raise output

Mar 16, 2020 - 11:35 PM

As a price war with Russia escalates, Saudi Aramco says it can keep up its new level of output for a sustained period

SET FOR IPO. A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. File photo by Fayez Nureldine/AFP

Saudi Aramco 2019 profit slides 20.6% on lower crude prices

Mar 15, 2020 - 11:10 PM

Saudi Aramco, the world's largest publicly listed company, says its net income was $88.2 billion in 2019, lower than the $111.1 billion in 2018

SAUDI ARAMCO. In this file photo taken on January 25, 2016, Saudi and Foreign investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum in the capital Riyadh. Photo by Fayez Nureldine/AFP

Saudi Arabia to suspend international flights over virus

Mar 14, 2020 - 3:00 PM

(UPDATED) The suspension starts on Sunday, March 15

Oil prices head for worst weekly loss in over a decade

Mar 13, 2020 - 3:52 PM

Crude prices fall more than 20% this week and are on course for their biggest weekly drop since the global financial crisis of 2008

PRICE DROP. File photo of an oil refinery. Shutterstock.com

Saudi Arabia bans flights to PH, 38 other countries amid coronavirus threat

Mar 12, 2020 - 11:58 AM

Health workers from the Philippines and India, as well as those involved in evacuation, shipping, and trading trips will be exempted from travel restrictions

TRAVELERS. Passengers board international flights at the Ninoy Aquino International Airport Terminal 1 in Pasay City as COVID-19 cases rise around the world. File photo by Inoue Jaena/Rappler

Saudi, UAE open oil taps as they wage price war

Mar 11, 2020 - 11:15 PM

Saudi Arabia and the United Arab Emirates say they will together boost oil production by at least 3.5 million barrels per day, stepping up the price war against Russia

A picture taken on May 10, 2016 shows over Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. - Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of the company in what officials say will be the world's largest-ever share offering, while transforming Saudi Aramco into "a global industrial conglomerate". By 2020 the company says it will have tripled its gas processing capacity from levels at the turn of the century. (Photo by IAN TIMBERLAKE / AFP)

OPEC chops oil demand forecast over coronavirus

Mar 11, 2020 - 10:30 PM

The Organization of the Petroleum Exporting Countries lowers its forecast for global average daily demand to 99.73 million barrels

Oil prices saw a record surge after attacks on two Saudi facilities in the world's top gas producer. Photo by DARREN LANGIT

Russia reaches out to OPEC as Saudi Arabia opens oil taps

Mar 11, 2020 - 2:30 AM

Russian Energy Minister Alexander Novak says Moscow remains open to cooperation with OPEC to stabilize the oil market

(FILES) In this file photo taken on December 07, 2018 (LtoR) Russian Minister of Energy of Russia Alexander Novak, Organization of the Petroleum Exporting Countries' (OPEC) President UAE Energy Minister Suhail al-Mazrouei and OPEC Secretary General Mohammed Sanusi Barkindo of Nigeria speak during a ministerial level meeting during with OPEC members and non members during the 175th OPEC Conference on December 7, 2018 in Vienna, Austria. - The OPEC club of oil-producing countries meets on March 2, 2020 in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus. (Photo by JOE KLAMAR / AFP)

Oil crash: Saudi Arabia's risky price war

Mar 10, 2020 - 9:45 AM

Here are some key questions surrounding the plunge in oil prices and the strategy driving Saudi Arabia, the world's top crude exporter

Saudi Arabia's Crown Prince Mohammed bin Salman attends a signing ceremony following a meeting of Russian President Vladimir Putin with Saudi Arabia's King Salman in Riyadh, Saudi Arabia, on October 14, 2019. (Photo by Alexey NIKOLSKY / SPUTNIK / AFP)

Oil price plunge: Winners and losers

Mar 10, 2020 - 9:05 AM

Who wins and who loses as oil prices plummet?

An employee wearing a facemask fills up a car at a gas station in Bangkok on March 9, 2020. - Equity markets collapsed March 9 as the rapidly spreading coronavirus fans fears over the global economy, while a crash in oil prices added to the panic with energy firms taking a hammering. (Photo by Mladen ANTONOV / AFP)

Oil falls most since Gulf War as Saudi starts price war

Mar 09, 2020 - 10:20 PM

Oil prices suffer their biggest drop in nearly 30 years on Monday, March 9, following Saudi Arabia's move to launch a price war against Russia

A foreign worker wearing a protective mask fills a car tank at a petrol station in Qatif city in the Eastern Province, some 400Km from the capital Riyadh, on March 9, 2020. - The Saudi Interior Ministry announced on March 8 the lockdown of Qatif, home to around 500,000 people, given the kingdom's 11 recorded cases of the new coronavirus are from the oil-rich Shiite stronghold. The decision is the first action of its kind across the Gulf region, which has confirmed more than 230 coronavirus cases, most of them people returning from religious pilgrimages to Shiite-majority Iran. (Photo by STR / AFP)

Saudi seals off Shiite region, halts travel over coronavirus

Mar 09, 2020 - 8:59 AM

The decision is expected to leave expat workers from those countries as well as Saudi travelers stranded

SACRED. Muslim worshippers circumambulate the sacred Kaaba in Mecca's Grand Mosque, Islam's holiest site, on March 7, 2020. Photo by Abdel Ghani Bashir/AFP

Gulf shares slump after OPEC fails to agree on virus action plan

Mar 08, 2020 - 11:55 PM

All the 7 bourses in the Gulf close in the red on Sunday, March 8, amid a panic sell-off over fears that energy prices could collapse

A picture taken with a fisheye lense shows traders walking by beneath a stock display board at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. - Saudi's stock exchange fell 6.5 percent and other Gulf markets tumbled to multi-year lows at the start of trading after OPEC and its allies failed to clinch a deal over oil production cuts. (Photo by GIUSEPPE CACACE / AFP)

Saudi Arabia reopens area around sacred Kaaba amid coronavirus measures

Mar 07, 2020 - 11:08 PM

King Salman allows opening of the Mataf, where people circle the Kaaba, for non-umrah performers

CORONAVIRUS MEASURES. Worshippers take photographs of the Kaaba inside Mecca's Grand Mosque on March 6, 2020, a day after Saudi authorities emptied Islam's holiest site for sterilisation over fears of the new coronavirus COVID-19, an unprecedented move after the kingdom suspended the year-round umrah pilgrimage. Photo by Abdel Ghani Bashir/AFP

Saudi detains 3 royal princes over 'coup plot' – reports

Mar 07, 2020 - 9:48 AM

(UPDATED) The detentions mark the latest crackdown by Crown Prince Mohammed bin Salman, who has consolidated his grip on power

DETAINED. A handout picture release by Saudi Royal Palace on December 14, 2016 shows Saudi King Salman bin Abdulaziz (R), Crown Prince Mohammed bin Nayef (C) and deputy Crown Prince Mohammed bin Salman arriving for the opening session of the Shura Council in Riyadh. Photo by Bandar Al-Jaloud/Saudi Royal Palace/AFP

Coronavirus compounds Gulf economic woes as oil prices slump

Mar 05, 2020 - 12:25 AM

Capital Economics estimates the 6 Gulf Cooperation Council states will lose some $40 billion of oil revenues in 2020

This picture taken on December 11, 2019, shows a view of a refinery at the Jubail Industrial City, about 95 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. (Photo by GIUSEPPE CACACE / AFP)

Saudi suspends 'umrah' pilgrimage over coronavirus fears

Mar 04, 2020 - 9:25 PM

The Gulf state has decided 'to suspend umrah temporarily for citizens and residents in the kingdom'

SUSPENDED. In this file photo, Muslim worshippers gather at the Grand Mosque in Islam's holiest city of Mecca on June 14, 2018 as Muslims perform the Umrah or lesser pilgrimages during the last week of the month of Ramadan, when believers abstain from food and water during daylight hours. File photo by Bandar Aldandani/AFP

Saudi Arabia announces 1st case of coronavirus

Mar 03, 2020 - 7:30 AM

Saudi Arabia is the last Arab state in the Gulf to report a confirmed case of COVID-19

FIRST CASE. Muslim worshippers wearing protective face masks walk in the sahn (mosque courtyard) surrounding the Kaaba, Islam's holiest shrine, at the Grand Mosque complex in Saudi Arabia's holy city of Mecca on February 27, 2020. File photo by Haitham El-Tabei/AFP

Gulf bourses dive as coronavirus hits oil price

Mar 01, 2020 - 10:15 PM

(3rd UPDATE) The Gulf region's stock markets are badly hit on Sunday, March 1, with oil prices sagging below $50 a barrel amid novel coronavirus fears

A Kuwaiti trader wearing a protective mask follows the market at the Boursa Kuwait stock exchange in Kuwait City on March 1, 2020. - Boursa Kuwait decided to close the main trading hall due to the COVID-19 coronavirus disease developments. Stock markets in the oil-rich Gulf states plunged on March 1 over fears of the impact of the coronavirus, which also battered global bourses last week. All of the seven exchanges in the Gulf Cooperation Council (GCC), which were closed the previous two days for the Muslim weekend, were hit as oil prices dropped below $50 a barrel. The region's slide was led by Kuwait Boursa, where the All-Share Index fell 10 percent, triggering its closure. Kuwait's bourse was closed for most of last week for national holidays. (Photo by YASSER AL-ZAYYAT / AFP)

'No fear': Pilgrims in Saudi defy coronavirus risks

Feb 29, 2020 - 8:19 AM

Saudi Arabia, home to Islam's holiest sites, suspends entry by foreigners for the year-round 'umrah' pilgrimage, an unprecedented move that has left tens of thousands in limbo

GOD'S HANDS. Muslim worshippers wearing protective face masks walk in the sahn (mosque courtyard) surrounding the Kaaba, Islam's holiest shrine, at the Grand Mosque complex in Saudi Arabia's holy city of Mecca on February 27, 2020. Photo by Haitham El-Tabei/AFP

House leader surprised to be barred from Saudi due to virus travel ban

Feb 28, 2020 - 11:07 AM

'To my knowledge government functionaries on official trips are not covered by this ban...I am a government official traveling with a diplomatic passport and a travel authority,' says Abante

PH LEADERS. House Minority Leader Bienvenido Abante Jr (R) sits beside President Rodrigo Duterte (L) during the celebration of the 120-year presence of the Baptist Churches in the Philippines at the SMX Convention Center in Pasay City on January 16, 2020. File photo by Valerie Escalera/Presidential Photo

Saudi bans pilgrims from holy sites over virus as Iran deaths jump

Feb 27, 2020 - 8:48 AM

(UPDATED) China is no longer the only breeding ground for COVID-19 as countries worry about possible contagion from other hotbeds of infection, including Iran, South Korea and Italy

KAABA. Muslim pilgrims circumambulate around the Kaaba ahead of the annual Hajj pilgrimage in Mecca, Saudi Arabia on August 28, 2017. Photo by Karim Sahib/AFP

Saudi G20 gathering weighs coronavirus threat to global economy

Feb 23, 2020 - 7:00 AM

G20 finance ministers and central bank governors gather amid growing alarm over the novel coronavirus

Managing Director of the International Monetary Fund Kristalina Georgieva arrives for a Welcome Dinner at the Murabba Palace in Riyadh on February 22, 2020 during the G20 finance ministers and central bank governors meeting. (Photo by FAYEZ NURELDINE / AFP)

Saudi Aramco shares shed post-IPO gains as oil dives

Feb 19, 2020 - 3:40 PM

The share price of Saudi Aramco – the world's largest company – posts gradual declines as oil prices go down

SURGING SHARES. A Saudi broker monitors the stock market at the Arab National Bank in the Saudi capital Riyadh on December 11, 2019. Photo by Fayez Nureldine/AFP

Saudi using special court against dissidents – Amnesty

Feb 06, 2020 - 8:25 PM

'The Saudi Arabian government exploits the (Specialized Criminal Court) to create a false aura of legality around its abuse of the counterterror law to silence its critics,' says Amnesty's Heba Morayef

AMNESTY. Amnesty International'€™s Middle East and North Africa regional director Heba Morayef (L) speaks during a press conference launching an Amnesty International Report on women victims of violence in Amman on October 23, 2019. File photo by Khalil Mazraawi/AFP

Investigation points to Saudi prince role in Bezos phone hack

Jan 23, 2020 - 3:27 PM

A video sent to the Amazon CEO by Saudi Crown Prince Mohammed bin Salman delivered the malware, according to a report by technical experts hired by Bezos

BEZOS. Amazon CEO Jeff Bezos and Saudi Crown Prince Mohammed bin Salman during the former's 2016 visit to Riyadh. Photo by Bandar Al-Jaloud/Saudi Royal Palace/AFP


U.N. experts urge probe into alleged Saudi hacking of Bezos phone

Jan 23, 2020 - 3:44 AM

Riyadh rejects the allegations, its embassy in Washington branding them 'absurd'

JEFF BEZOS. In this file photo taken on September 19, 2018 Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association's Annual Air, Space & Cyber Conference in Oxen Hill, MD. File photo by Jim Watson/AFP

U.S. to expel a dozen Saudi trainees after base attack probe – media

Jan 12, 2020 - 1:53 PM

While the trainees are not accused of aiding the shooter, some are found to have connections to extremist movements or be in possession of child pornography

NAVAL STATION. A general view of the atmosphere at the Pensacola Naval Air Station following a shooting on December 6, 2019 in Pensacola, Florida. File photo by Josh Brasted/Getty Images/AFP

Saudi Arabia slams Turkish approval of Libya deployment

Jan 05, 2020 - 5:54 PM

Analysts warn that Turkey's deployment of troops risks plunging Libya deeper into a Syrian-style proxy war between regional powers

YES VOTES. Turkish members of parliament vote to send Turkish troops to Libya, in Ankara, on January 2, 2020. Photo by Adem Altan/AFP

Saudi 'not consulted' over U.S. strike to kill Iran general

Jan 05, 2020 - 4:41 PM

Saudi Arabia is vulnerable to possible Iranian reprisals after Tehran vowed 'revenge' following the strike that killed powerful commander Qasem Soleimani in Iraq

File photo by Yasin Akgul/AFP

Saudi Arabia arrests more than 200 over 'indecency,' harassment

Dec 29, 2019 - 11:18 PM

Men and women must avoid 'tight-fitting clothing' or clothes with 'profane language or images,' reads an instruction on an English language website launched by the tourism authority

Saudi fans attend the "MDL Beast Fest", an electronic music festival, held in Banban on the outskirts of the Saudi capital Riyadh on December 19, 2019. - Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, Prince Mohammed has sought to shake off his country's ultra-conservative image -- lifting a ban on cinemas and women drivers while allowing gender-mixed concerts and sporting extravaganzas. The relaxed social norms in a kingdom have been welcomed by many Saudis, two-thirds of whom are under 30. (Photo by Fayez Nureldine / AFP)

Saudi sentences Yemeni to death over Spanish theater stabbing

Dec 29, 2019 - 8:30 PM

(3rd UPDATE) The assailant, identified by Saudi police as a 33-year-old Yemeni, went on a stabbing spree during a live musical in the capital's King Abdullah Park in November

17 civilians killed in 3rd attack on Yemen market

Dec 26, 2019 - 10:45 PM

The attacks come despite relative calm in Yemen, where large-scale combat between government troops – backed by a Saudi-led military coalition – and the Iran-aligned Huthi rebels has subsided

LOOK: Christmas comes to distressed OFWs in Saudi Arabia

Dec 25, 2019 - 3:05 PM

Over 300 distressed overseas Filipino workers receive Christmas packages and financial assistance during the holiday season

AWAY FROM HOME. Over 300 distressed Overseas Filipino workers living in shelters receive assistance for Christmas. All photos from Malacañang

Saudi Aramco market value tops $2 trillion

Dec 12, 2019 - 7:05 PM

The share price of Saudi Aramco jumps further on Thursday, December 12, pushing the energy giant's market value above $2 trillion

A handout picture provided by Saudi Aramco shows the energey giant's President and CEO Amin Nasser (2nd L) ringing the bell during the official ceremony launching the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in the Saudi capital Riyadh on December 11, 2019. - Saudi Aramco's shares soared on their debut on the domestic stock exchange today, becoming the world's biggest listed company worth $1.88 trillion after a record-breaking IPO. Aramco had priced the initial public offering at 32 riyals ($8.53) per share, raising $25.6 billion and eclipsing Alibaba's $25 billion IPO of 2014 to become the world's largest. (Photo by - / Saudi Aramco / AFP) / == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / ARAMCO" - NO MARKETING, NO RESALE, NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==