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Saudi Arabia and Russia signal readiness to cooperate on oil
A senior Gulf source familiar with Saudi thinking, meanwhile, told Reuters on Thursday that Saudi Arabia supported cooperation between oil producers to stabilise the market but it was Russia’s opposition to a proposal last month to deepen oil supply cuts that caused the market turmoil.
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Trump projects up to 240,000 coronavirus deaths in U.S., even with mitigation efforts
President Trump and the physicians advising the federal pandemic response on Tuesday delivered a bleak outlook for the novel coronavirus’s spread across the country, predicting a best-case scenario of 100,000 to 240,000 fatalities in the United States and summoning all Americans to make additional sacrifices to slow the spread.
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United Nations urges cease-fire in Afghanistan amid COVID-19 concerns
The council issued a statement Tuesday after a closed briefing by U.N. deputy special representative Ingrid Hayden who said the country “appears to be reaching a defining moment” — whether its feuding leaders can join together “to engage in meaningful talks with the Taliban to achieve a sustainable peace.”
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Opinion: The Coronavirus Pandemic Should Be NATO’s Moment
NATO is also an alliance struggling to find acceptance. In 2009, for example, 71 percent of French citizens had a positive view of NATO; ten years later the figure had dropped to 49 percent, according to a Pew Research poll. During the same period, NATO support among Germans dropped from 73 to 57 percent; among Spaniards, from 56 to 49 percent; and among Italians, from 64 to 60 percent.
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Iraq reportedly plans to join the global oil war with prices already near 18-year lows
The country aims to boost output by 200,000 barrels a day in April to further grasp at market share in the struggling sector. Daily production would reach 4.8 million barrels per day, a source with knowledge of the plans told Bloomberg.
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Hezbollah asserts role in Lebanon’s coronavirus fight
The Lebanese paramilitary group Hezbollah is marshalling its deep resources in the fight against coronavirus, using a corps of volunteers, doctors and facilities to carve out a prominent role in the crisis-riven state’s response.
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Tehran’s Support for Sectarian Militias Grows Despite the Coronavirus and Economic Crisis
Its network of armed surrogates, particularly the Popular Mobilization Forces in Iraq – and key allies such as the Houthis in Yemen – have maintained and even intensified their aggressive postures in local conflicts. But these groups are not operating in isolation. Rather, they belong to a network of militia groups that, for Tehran, represents its primary regional power projection and national security tool.
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Saudi energy think tank urges global cooperation
The study comes amid moves in the international energy community for some form of combined approach by the three big producers — Saudi Arabia, the US and Russia — to stabilize markets.
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Trump Says World’s Biggest Oil Producers to Meet on Market Crash
Trump, speaking at the White House Tuesday, said he’s raised the issue in conversations with Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman. “They’re going to get together and we’re all going to get together and we’re going to see what we can do,” he said. “The two countries are discussing it. And I am joining at the appropriate time, if need be.”
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As Saudi Arabia Boosts Oil Output, Some Tankers Have Nowhere to Go
There are signs, however, that some of this new oil has virtually no place to go. Some of the vessels the kingdom has hired to help it increase exports are leaving ports filled with oil, but have no destination, casting doubts on whether the extra crude production will end up with customers and add to a global glut.
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