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Saudi Arabia’s crude oil supply rises above 12 million bpd, sources say
Saudi Arabia’s crude oil supply rose on Wednesday to more than 12 million barrels per day, two oil industry sources said. A global oil supply cut pact expired on Tuesday, lifting restrictions on output by OPEC members, Russia and other producers.
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Haifaa Al Mansour, first Saudi female filmmaker, talks about “going her own way”
“I really wanted to tell a story about a culturally conservative, traditional woman who decides to embrace the changes happening now and go out there and seize the moment,” says Haifaa Al Mansour, the first female filmmaker from Saudi Arabia, is a force to be reckoned with. Despite criticism, she tells EW why it’s crucial to march to the beat of her own drum.
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Saudi Arabia approves listing of state assets planned for privatization
Saudi Arabia’s government approved on Tuesday the listing of government assets planned for privatisation on its stock market. “Assets, sectors and services planned for privatisation shall be listed on the Saudi stock market through direct or indirect initial public offering (IPO),” the government said in a statement carried by the state news agency SPA.
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Coronavirus Pandemic: Saudi Arabia Study Finds No Evidence of Seasonality, Saudi Researchers Say
Now researchers from Saudi Arabia find “no evidence that spread rates decline with temperatures above 20 [degrees Celsius], suggesting that the COVID-19 disease is unlikely to behave as a seasonal respiratory virus.” That would be very bad news.
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Saudi Arabia cabinet approves MOU between SAMA and Dubai Financial Services Authority
Saudi Arabia cabinet approves memorandum of understanding between Saudi Arabian Monetary Authority and Dubai Financial Services Authority in the field of financial services, according to Saudi Press Agency.
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Saudi minister tells Muslims to wait on making haj plans: state TV
Saudi Arabia is urging Muslims to wait before making plans to attend the annual haj pilgrimage until there is more clarity about the deadly coronavirus pandemic, the kingdom’s minister for haj and umrah said on Tuesday. Some 2.5 million pilgrims usually flock to the holiest sites of Islam in Mecca and Medina each year for the week-long ritual, which is a once-in-a-lifetime duty for every able-bodied Muslim and a major source of income for the kingdom.
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Saudi Arabia Underscores its Ability to Fight Coronavirus
The Saudi cabinet underlined on Tuesday the Kingdom’s ability to confront the novel coronavirus and its impact on its society and economy. Holding a virtual meeting, the cabinet reviewed the orders that have been issued to contain the outbreak and efforts exerted by the state in implementing them.
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5 charts that explain the Saudi Arabia-Russia oil price war so far
Two of the world’s largest oil producers — Saudi Arabia and Russia — are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March. OPEC+ countries have teamed up to reduce their supply to the market since 2017, but failed to reach a deal last month.
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Saudi Arabia’s Post-Oil Plan Faces Cuts as Crude Plummets
Plans for a future after oil in Saudi Arabia are increasingly at the mercy of the present. A strategy to transform the Saudi economy, championed by Crown Prince Mohammed bin Salman, is likely to face deep budget cuts as the coronavirus pandemic and plummeting crude prices batter the economy, according to people familiar with the matter.
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Never-before-seen attackers are targeting Mideast industrial organizations
Researchers with Kaspersky Lab, the security firm that discovered the campaign, have dubbed it WildPressure. It uses a family of malware that has no similarities to any malicious code seen in previous attacks. It's also targeting organizations that don't overlap with other known campaigns.
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