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Oil facility attacked in Yemen, Houthis blamed

The oil ministry of the internationally-recognized, Saudi-backed government in Yemen said on Sunday the Iran-aligned Houthi group had attacked an oil pipeline pumping station in the province of Ma’rib, the state-run Saudi Press Agency (SPA) reported. The pipeline is operated by the Safer oil company, owned by the Yemeni government, …

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Saudis bomb Houthi-held Sanaa

The Saudi-led coalition fighting the Houthi group in Yemen carried out several air strikes on Monday on the capital Sanaa, witnesses said. A number of sensitive sites including the presidential palace compound, a military school and an air base close to Sanaa airport were hit, and loud explosions were heard …

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Saudis claim to intercept Yemeni missiles

Ballistic missiles were intercepted on Saturday in the sky above Saudi Arabia’s capital Riyadh and the southern city of Jazan, state media reported, citing its own sources and the Saudi-led coalition fighting in Yemen. Residents in Riyadh reported multiple blasts around 2320 (2020 GMT), followed by emergency vehicle sirens in …

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Saudis rebuff Russian OPEC proposals

A Saudi Arabian energy ministry official said on Friday there had been no contact between the Saudi and Russian energy ministers over any increase in the number of OPEC+ countries, nor any discussion of a joint agreement to balance oil markets. The comments come after a senior Russian official said …

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G20 leaders dedicated to coronavirus

The Group of 20 major economies will do “whatever it takes” to overcome the coronavirus crisis and said on Thursday they are injecting $5 trillion into the global economy though national measures as part of their efforts to lessen its impact. After an extraordinary summit by video-link, the G20 leaders …

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Fire breaks out in Malaysian-Aramco facility

A fire killed five at the refinery and petrochemicals complex in southern Malaysia that is owned by Petronas and Saudi Aramco, officials said on Monday. The cause of the fire, which occurred at the diesel hydro treater unit, is under investigation, the fire and rescue department of the Johor state, …

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Russia and Saudi in oil war

Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks. The clash of the two oil titans sparked a 25% slump in oil prices on Monday, triggering …

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Saudi coalition in new Yemen offensive

The Saudi-Led coalition fighting in Yemen carried out an operation against Iran-aligned Houthi targets in Yemen’s port district, Salif, Saudi state TV reported late on Saturday, citing the coalition. The coalition said it destroyed sites used to assemble and launch explosives-laden boats and drones that pose a threat to maritime …

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More Saudi royals arrested, no explanation given

Three senior members of Saudi Arabia’s royal family, including the king’s brother, have been arrested for unexplained reasons. Two of the men were among the kingdom’s most influential figures. The detentions are seen as Crown Prince Mohammed bin Salman tightening his grip on power. In 2017 dozens of Saudi royal figures, …

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Saudis arrest two royals

Saudi Arabia has detained two senior members of the Saudi royal family – Prince Ahmed bin Abdulaziz, the younger brother of King Salman, and Mohammed bin Nayef, the king’s nephew, two sources with knowledge of the matter said. Crown Prince Mohammed bin Salman, King Salman’s son and the de facto …

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Saudi Aramco shares nosedive

Shares of Saudi Aramco 2222.SE hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries about the global spread of the coronavirus. Aramco shares broke past their previous low of 32.60 …

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Khaled al-Falih back in Saudi cabinet

Former Saudi energy minister Khalid al-Falih, who was removed last year, was tapped to head the kingdom’s newly-created investment ministry in a cabinet reshuffle announced on Tuesday that also created new ministries for tourism and sports. According to royal orders published by state news agency SPA, the ministers of media …

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Shale gas breakthrough made in Saudi Arabia

Saudi Aramco plans to invest $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday. It said the development plans were reviewed by the Saudi High Commission for Hydrocarbons in a meeting chaired by Crown Prince Mohammed bin Salman. The …

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Saudi naval operation foils Red Sea attack

Naval forces from the Saudi-led coalition fighting in Yemen on Sunday foiled an “imminent terrorist” attack by the Iran-aligned Houthi movement in the southern Red Sea, a major commercial shipping channel, the Saudi-led coalition said. The forces destroyed an unmanned boat laden with explosives that was launched from Hodeidah province …

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