Saudi Arabia is flooding Europe with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in an escalation of its fight with Moscow for market share, five trading sources said on Friday.
Iranian Foreign Ministry spokesman Seyyed Abbas Mousavi rejected Riyadh’s claim about the reason why the passports of Saudi nationals arriving in Iran are not stamped, urging Saudi Arabia not to politicize the coronavirus disease.
The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Persian Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has hammered global crude prices.
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 US-led war against Iraq as Saudi Arabia and Russia signaled they would hike output in a market already awash with crude after their three-year supply pact collapsed.
Four senior princes including two of the most prominent members of the Saudi royal family have been detained in the Saudi capital of Riyadh, a move that could be designed to further strengthen the position of the kingdom’s de facto ruler, according to two people close to Saudi leadership.
Saudi Arabia has banned its citizens and other residents of the kingdom from performing Umrah pilgrimage in Mecca or visiting the Prophet’s Mosque in Medina amid the rapid spread of a coronavirus worldwide, expanding an earlier such ban on foreigners.
The United Nations human rights chief has urged Saudi Arabia to release women activists and also uphold freedom of expression and peaceful assembly, as the Arab kingdom prepares to hold the 2020 G20 Riyadh Summit in November.
Saudi Arabia says it has temporarily suspended entry for individuals aiming to perform Umrah pilgrimage or to visit the Prophet's Mosque in Medina over concerns of the spread of COVID-19, the novel coronavirus.
An exiled Saudi human rights activist has censured the judicial process in the kingdom, stating that trial sessions there are not legal and genuine, and are indeed a cover for further suppression amid a widening crackdown led by Crown Prince Mohammed bin Salman against rights campaigners and intellectuals.
Yemeni armed forces have pounded facilities belonging to the state-run oil giant Saudi Aramco as well as strategic targets inside the kingdom’s western province of Madinah, a high-ranking Yemeni military official says.