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Trump vows to press Putin after Russia-Saudi Arabia oil fallout
Worsening physical constraints on storage mean that at least 900,000 barrels per day have been halted, or "shut in," and it's growing by the hour. One problem for the sector is that shutting in wells can significantly and permanently damage them.
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Mixed Bag of Star Saudi First-Quarter Stocks
The top five gainers in Riyadh this year include a small insurer, a plastic producer, a supermarkets owner, an education company and a hospital operator. They don’t exactly boast a track record of consistent success between them: the first four haven’t broken into the top five in any quarter since 2016, while the last has just made its market debut.
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Aramco Weighs Pipeline Stake Sale to Raise Over $10 Billion
Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a burgeoning list of spending obligations. The company has reaffirmed its commitment to pay out $75 billion in dividends this year and also needs to make the first installment for its $70 billion acquisition of a stake in chemicals producer Saudi Basic Industries Corp.
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Saudi Arabia Tells Banks to Support Businesses to Avoid Job Cuts
The Saudi Arabian Monetary Authority wants banks to immediately put in place a lending program for at least six months to “assist in maintaining employment levels,” according to a document sent by the regulator to lenders and seen by Bloomberg. Banks should also provide relief on debt repayments for any customers that have already been dismissed, SAMA, as the central bank is known, said in the circular.
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150 Tunisians self-isolate in factory to make masks
Among those who moved into the factory, which is in a rural area south of the capital, Tunis, a week ago are cooks, a doctor and pharmacist. There are separate dormitories for 110 women and 40 men - and enough stocks to last a month.
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Crisis in Mali Becoming France’s Forever War
When France sent its forces into Mali, a former French colony, after armed Islamists took control of the West African country’s northern cities, their mission was supposed to last only a few weeks. That was seven years ago.
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U.S. crude dips below $20 as lockdowns wipe out demand
Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further.
- Saudi petchem investments shrug off global capex cuts
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For India, the biggest concern isn’t coronavirus. It’s hunger.
The biggest lockdown in human history — 1.3 billion Indians ordered to stay home to curb the spread of the coronavirus — has unleashed chaos across the country as stranded migrant workers sleep in city streets, police beat curfew-breakers, fruits and vegetables rot in markets and masses of informal laborers find their livelihoods wiped out.
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Coronavirus Has Killed More in the U.S. Than the War in Afghanistan, Death Toll Soon to Pass 9/11
COVID-19 deaths in the U.S. reached 2,479 on Sunday, according to data compiled by Johns Hopkins University, surpassing the 2,445 casualties recorded among Pentagon personnel and civilians as a result of the U.S.-led military intervention in Afghanistan and related missions between October 7, 2001 and March 23 of this year. As President Donald Trump battles what has become the world's largest known coronavirus outbreak at home, his administration has also sought to ensure a historic peace process in Afghanistan, where warring sides have struggled to conduct talks amid ongoing unrest and a pandemic.
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