2020-03-09: News Headlines

RT (2020-03-09). The winners & losers of the Saudi-Russia oil price war. rt.com While neither Moscow nor Riyadh want to see oil trading at record lows, their failure to agree on how to boost the market has led to an all-out price war. The only question is who will benefit most from the situation.

RT (2020-03-09). Trump says crashing markets good for consumers, blames Russia, Saudi Arabia and Fake News. rt.com US President Donald Trump can't seem to decide whether a sudden, massive drop in oil prices is good or bad for the country, so he's hedged his bets on Twitter, suggesting it's "Good for the consumer" but bad for markets. | Blaming the "market drop" on "Saudi Arabia and Russia…arguing over the price and flow of oil" in a Monday morning tweet, the president whipsawed around and – within the same minute! – bragged that the resulting chaos was "good for the consumer," because gas prices would go down. | Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for…

RT (2020-03-09). Reasons behind market panic investigated: Has Saudi Arabia learned from its past oil gambling mistakes? rt.com The country that pulled the final trigger to send oil prices into a freefall, Saudi Arabia, may suffer most from the oil market turmoil, analyst Kamel Wazne says, noting that Riyadh has already made such an error before. | Global markets were already on edge due to slowing economic growth and the coronavirus epidemic, when OPEC and allied oil-producing states failed to come to an agreement last week. As Russia turned its back to deeper output cuts fearing that the US would just take its market share, Saudi Arabia decided to restrain itself from cutting production and offer a discount for its crude exporters.

yenisafak (2020-03-09). Saudi to fine people who do not declare accurate health details on entry. yenisafak.com Saudi Arabia announced on Monday that it would impose a fine of up to 500,000 riyals ($133,000) on those who do not declare correct health-related information at entry points, according to state TV. Saudi Arabia imposed a temporary lockdown on its eastern oil-producing province of Qatif, home to most of its 15 coronavirus infections, and suspended schools and universities nationwide.($1 = 3.7534 riyals)…

yenisafak (2020-03-09). Goldman cuts Brent forecasts to $30 on price war, virus impact. yenisafak.com Goldman Sachs cut its second- and third-quarter Brent price forecasts to $30 per barrel, citing the oil price war between Russia and Saudi Arabia and a signiÔ¨Åcant collapse in oil demand due to the coronavirus that has killed more than 3,500 globally.Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the virus outbreak."The aggressive cut to Saudi's Official Selling Prices and Russia's reluctance to be pushed into a deal on Friday…

RT (2020-03-08). Oil CRASHES 30% over Saudi Arabia-Russia crude price war & coronavirus fears. rt.com Oil plunged nearly 30% in a chaotic market opening, with main crude benchmarks Brent and WTI both trading below $35 a barrel amid fears of an all-out price war following the collapse of an output cut deal between Russian and OPEC.

teleSUR (2020-03-08). Oil Falls 30% As Saudi Arabia Slashes Prices, Sparks Price War. telesurenglish.net Oil prices plunged about 30 percent on early trading Sunday evening after Saudi Arabia slashed its selling prices and pledged to unleash stored supply onto the market. | RELATED: | Starting what many experts consider an all-out price war, the kingdom's decision caused the biggest percentage drop since Jan. 17, 1991, at the start of the first Gulf War and the lowest since Feb. 12, 2016. | Brent crude, the international b…

teleSUR (2020-03-08). Saudi Arabia MBS Aims at the Throne Before Nov. G20 Summit. telesurenglish.net After Crown Prince Mohammed bin Salman (MBS) arrested Friday his uncle, the brother of King Salman, Prince Ahmed bin Abdelaziz, as well as two other prominent members of the House of Saud, sources told the Middle East Eye he plans to become king before the G20 summit in Riyadh in November. | RELATED: | The sources said that MBS will not wait for the death of his father since the latter's presence grants him leg…

Staff (2020-03-08). Saudis' Arrest of 2 Princes Called a Warning to Royal Family. truthdig.com King Salman's brother and nephew reportedly do not support Crown Prince Mohammed bin Salman, who has consolidated power in the kingdom.

Juan Cole (2020-03-07). It Seems That Saudi Arabia's Crown Prince MBS Is Continuing His Purge of Potential Rival Princes. commondreams.org Saudi Crown Prince Mohammed bin Salman attends a meeting with the United Nations Secretary-General Antonio Guterres at the United Nations on March 27, 2018 in New York. (Photo: Bryan R. Smith/AFP/Getty Images) | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/views-article/thumbs/saudi_crown_prince_khashoggi.jpg

news.un (2020-03-07). Yemen: UN envoy calls for 'immediate and unconditional' freeze on military activities. news.un.org In a visit to northern Yemen on Saturday, UN Special Envoy Martin Griffiths repeated his call for an immediate freeze on military activities and for warring parties to work towards a de-escalation in fighting.

news.un (2020-03-06). Rights office concerned over death sentences against 35 Yemeni MPs. news.un.org The UN human rights office is calling on authorities in Yemen to revoke death sentences imposed against 35 parliamentarians allegedly for treason charges.

news.un (2020-03-04). Yemen: UN Population Fund stresses women's needs, amidst world's worst humanitarian crisis. news.un.org Intense clashes in Yemen's Al Hazam City, this month have caused massive displacement with an estimated 1,800 families forced to flee their homes, according to a flash update from UN humanitarian coordination office, OCHA.