The 30-hour flight departed from Hanoi's Noi Bai International Airport to Cyprus to take 70 passengers and then flew to Saudi Arabia to take nearly 200 others before landing safely at the Can Tho Airport, the ministry said. … [Read more...] about Nearly 270 Vietnamese people brought home from Cyprus and Saudi Arabia
Underscoring that calibrating the flow of crude in and out of American ports has a big impact on the level of US inventories, with weekly-published oil inventory data reflecting the pattern of changes in the oil balance and influencing trading decisions and crude prices, the outlet’s oil strategist Julian Lee believes that Riyadh intends to bring the figures down from highs registered in May and June. At the time, both the Saudi production hike and the impact from the COVID-19 pandemic resulted in a surge in US commercial crude stockpiles. … [Read more...] about What is the Strategy Driving Saudi Arabia to Tweak the US Oil Taps?
DUBAI, United Arab Emirates (AP) — Saudi Aramco’s net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world’s biggest oil producers. … [Read more...] about Saudi Aramco half-year profits plunge 50% from virus impact
Amin Nasser, the president and chief executive of Aramco, blamed “reduced demand and lower oil prices” for its financial results in the second quarter, in which global oil demand fell to 25-year lows and market prices plunged by three-quarters. … [Read more...] about Saudi Aramco to keep $75bn dividend despite dive in profits
The FT said many of those detained were keen to secure their release by signing over cash and corporate assets. It quoted one person involved in the negotiations as saying: “They are making settlements with most of those in the Ritz. Cough up the cash and you will go home.” … [Read more...] about Saudi offer in corruption crackdown: ‘cough up the cash and go home’