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Kremlin: Putin, Saudi Crown Prince Agree Further Coordination on Oil Output Cuts

2020-05-28 16:31:04| OGI

Online OPEC+ conference will discuss production reduction in mid-June.

Tags: agree oil output prince

 

Saudi Aramco Closes $10 Billion Loan

2020-05-12 20:30:00| OGI

Saudi Aramco officially requested a one-year term loan to be used for general corporate purposes, but bankers expect at least some of it to be used to back the borrower's acquisition of a 70% stake in SABIC.

Tags: loan billion saudi closes

 
 

Saudi Arabia Deepens Oil Cuts as Weak Demand Weighs on Prices

2020-05-11 17:01:40| OGI

Kingdom says it will reduce output by another 1 MMbbl/d in June.

Tags: prices oil demand weak

 

Saudi Arabia triples VAT to support coronavirus-hit economy

2020-05-11 05:24:14| BBC News | Business | UK Edition

The oil-rich kingdom's finances have been rocked after the pandemic forced down global energy prices.

Tags: support economy arabia saudi

 

Trump, Saudi King Reaffirm Ties Amid Tensions over Saudis Oil Output

2020-05-08 23:25:00| OGI

"The two leaders agreed on the importance of stability in global energy markets, and reaffirmed the strong United States-Saudi defense partnership," a White House spokesman said.

Tags: king oil output saudi

 

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