Page 52 - Saudi Arabia
UAE, Saudi Arabia to raise oil output as crude plunges over row with Russia
Russia said on Wednesday it would not reverse its decision as it still believed cutting output would make no sense if the virus hit demand deeper than expected
 "UAE, Saudi Arabia to raise oil output as crude plunges over row with Russia")
Oil war escalates after Saudi, UAE promise to increase production capacity
Saudi Arabia had been insisting for weeks that the group needed deeper production cuts to tackle the demand loss caused by the quickly spreading virus.
 "Oil war escalates after Saudi, UAE promise to increase production capacity")
Saudi discount to only partially transmit in product prices: IOC chief
According to Sanjiv Singh, chairman of Indian Oil Corporation, each rupee depreciation results in Rs 2,500 crore of more outgo on crude oil import
 "Saudi discount to only partially transmit in product prices: IOC chief")
Elderly man dies in Karnataka, govt says no information on Coronavirus link
Karnataka Health Minister B Sriramulu on Wednesday said there is no confirmation that the death was due to coronavirus and test reports of his samples were awaited
 "Elderly man dies in Karnataka, govt says no information on Coronavirus link")
Saudi Arabia announces plan to boost oil capacity by 1mn bpd amid price war
Brent crude was trading at $36.77 per barrel, down 1.2%, at 0733 GMT on Wednesday
Oil prices fall as Saudi moves to boost output amid price war with Russia
West Texas Intermediate fell 1.7% to about $33 a barrel while Brent crude was off 1.7% at $36 a barrel
Saudi Aramco to raise oil output by 1 mn bpd as price war escalates
'Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd,' the company said
 "Saudi Aramco to raise oil output by 1 mn bpd as price war escalates")
How to cope with $30 oil: Producers prepare for more spending cuts
The launch of a price war between Saudi Arabia and Russia drove oil prices down by about a third on Monday
 "How to cope with $30 oil: Producers prepare for more spending cuts")
Saudi Arabia increases oil output to a record high of 12.3 mbpd
The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday
US blames 'state actors' for shocking oil markets, pleads for calm
Oil prices suffered their biggest daily rout since the 1991 Gulf War as top producers Russia and Saudi Arabia launched a price war in the face of weak demand prompted by the spread of the coronavirus
Oil firms promised billions to investors. Now what next after price crash?
Brent crude was trading at around $36 a barrel, down around 20 per cent by 16:45 GMT on Monday, when analysts lowered share price forecasts for top oil and gas producers
The oil crash
Govt should seize the opportunity to improve its finances
Donald Trump blames oil fight, 'fake news' for stock market drop
Throughout his presidency, Trump has frequently pointed to rising stock prices and record-high market indexes as a signal of the American economy's health.
 "Donald Trump blames oil fight, 'fake news' for stock market drop")
Crude collapse exposes Big Oil's weak points as valuations crash
Producers have cut costs, sold assets and canceled projects to repair balance sheets following crude's 2014-17 slump.
Market rout: India should take advantage of falling crude oil prices
Easy liquidity available earlier is drying up, debt is piling up, debt repayments are due and a lot of investors are looking for profitability and not just production growth.
Crude oil down 30% as Saudi, Russia fail to reach deal over supply cuts
On Monday, Saudi Arabia reduced oil prices and offered to increase production, triggering a price war among oil-producing countries
 "Crude oil down 30% as Saudi, Russia fail to reach deal over supply cuts")
Black Monday for commodities across the board as crude sheds 31%
Brokers facing margin calls, started selling all commodities to pay for losses
Saudi Aramco shares dive 10%, Gulf debt markets hit in all-out crude war
DUBAI (Reuters) - Saudi Aramco <2222.SE> shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia and Russia said they would raise oil production in a battle for market share, sending crude prices down by a third.
 "Saudi Aramco shares dive 10%, Gulf debt markets hit in all-out crude war")
Margin calls triggered in crude oil led to across-the-board selling
The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%
 "Margin calls triggered in crude oil led to across-the-board selling")
Goldman Sachs cuts Brent forecasts to $30 on price war, Coronavirus impact
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia
 "Goldman Sachs cuts Brent forecasts to $30 on price war, Coronavirus impact")