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GOP senators urge Saudi Arabia to leave OPEC
“The Kingdom should partner with the United States on strategic energy infrastructure projects across the Indo-Pacific region and in the Americas,” they added. “Riyadh should leave the antique OPEC cartel immediately and join the United States on the global stage as a free market energy powerhouse.”
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Extraordinary G20 Leaders’ Summit Statement on COVID-19
We ask the WHO, in cooperation with relevant organizations, to assess gaps in pandemic preparedness and report to a joint meeting of Finance and Health Ministers in the coming months, with a view to establish a global initiative on pandemic preparedness and response.
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Guide to Business Continuity in Case of Emergency
The Saudi Ministry of Investment has released a 12-page Guide to Business Continuity in Case of Emergency: Coronavirus Covid-19.
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The World’s on the Brink of Running Out of Places to Put Oil
IHS Markit said that current rates of supply and demand mean inventories will increase by 1.8 billion barrels over the first half of 2020. With only an estimated 1.6 billion barrels of storage capacity still available, producers will be forced to cut output because by June there’ll be no place left to put the unwanted crude, it said.
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The Coming Crisis Along the Iran-Pakistan Border
With turbulent Iran-Pakistan strategic relations over the latter’s increasing tilt toward Saudi Arabia, the Balochistan border has also been a site of conflict, with each side lambasting the other for providing sanctuaries to militant groups in their respective provinces.
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The military has suspended all travel, deployments, exercises for the entire force
Weeks after putting a hold on permanent change-of-station moves and non-essential travel both abroad and in the United States for the next two to three months, the Pentagon has issued a stop-movement order that will affect all personnel and Defense Department civilians.
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IMF urges targeted anti-coronavirus fiscal measures in Gulf states
Stimulus packages offered so far come to nearly 30% of GDP in Bahrain and Oman, more than 10% in the United Arab Emirates and Qatar and over 4% in Saudi Arabia, according to Fitch Ratings.
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Yemen’s warring parties back U.N. call for truce
Yemen’s warring parties welcomed a United Nations call for an immediate truce on Thursday as the country entered its sixth year of a conflict that has unleashed a humanitarian crisis, rendering it more vulnerable to any coronavirus outbreak. A Saudi-led military coalition said late on Wednesday that it backed the Yemeni government’s acceptance of the U.N. appeal. Their foe, the Iran-aligned Houthi movement, welcomed that stance but said it wants to see implementation on the ground.
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Iraq limits production despite Saudi ramp-up
In February, Iraqi production dropped slightly to about 4.62 million barrels per day (bpd)*, down from 4.66 million bpd in January, according to an Iraq Oil Report analysis based on data gathered from each of the country's fields -- and preliminary data for March suggest output is likely falling further.
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Turkey completes investigation, charges Saudi aides in Khashoggi case
The Turkish indictment charges the prince's former advisers, Saud al-Qahtani and Ahmed al-Asiri, with "instigating a premeditated murder with the intent of (causing) torment through fiendish instinct," according to a statement from Chief Prosecutor Irfan Fidan's office.
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