RT (2020-03-10). Global crude claws back losses after major price collapse. rt.com Oil prices have gained around nine percent on Tuesday following the biggest one-day rout in nearly three decades, after Saudi Arabia threatened to boost production and offer discounts. | Benchmark Brent rose nearly $3 to over $37 a barrel, while US West Texas Intermediate (WTI) crude was trading at around $34 a barrel. | Crude prices collapsed over the weekend after the disagreement between Russia and the Organization of the Petroleum Exporting Countries (OPEC) over deeper production cuts aimed at supporting global crude prices amid falling demand due to the coronavirus outbreak. | For more stories on economy…

RT (2020-03-10). GOLD may be the BIG WINNER in oil price war. rt.com Gold — regarded as the traditional safe haven — could be "one of the beneficiaries" of the global stock market panic caused by the Russian-Saudi standoff over oil and the coronavirus outbreak. | That's according to Research Director at NXTanalytic Alessandro Bruno, who told RT that "Russia could probably sustain the crisis for longer than Saudi Arabia." | He explained that this is due to Moscow's financial policies of the past few years and, in particular, Russia's accumulation of gold. | "Let's not forget, Russia and China have been accumulating a lot of gold," Bruno said, adding that "One of the…

RT (2020-03-10). Who will blink first? Russia in better position to win crude price standoff with Saudi Arabia. rt.com Riyadh's actions in the oil market could be a grave miscalculation and will definitely backfire, but they will not make Moscow dance to its tune, analysts have told RT. | Crude oil prices suffered the biggest one-day fall since 1991 on Monday after top oil producers failed to agree on new output cuts and Saudi Arabia decided to boost production and offer discounts. Such an upheaval inflicts pain not only on Russia and Saudi Arabia, but also on all the members of the Organization of the Petroleum Exporting Countries (OPEC). However, Riyadh is clearly going to lose this price war, says Eike Hamer, political comm…

Andrew Korybko (2020-03-10). Saudi Arabia's Oil Price War Could Very Easily Backfire. globalresearch.ca Russia's rejection of its OPEC+ partners' request to further reduce oil production in response to slumping demand prompted Saudi Arabia to unwisely initiate an oil price war over the weekend as revenge, one which the Gulf country is ill-equipped to …

WSWS (2020-03-10). Coronavirus destabilises Saudi Arabia. wsws.org The Saudi announcement to slash oil prices led to a sharp fall in the share prices of its national oil company Saudi Aramco and Russia's Rosneft.

yenisafak (2020-03-10). Experts warn of economic recession amid virus spread, oil price dive. yenisafak.com With the ever-growing impact of coronavirus on countries' economic output and the latest duel between Saudi Arabia and Russia on oil production, experts are worried about global economic recession.The world economy seems to have stepped into a very cloudy March mostly because of the rapid spread of coronavirus in Europe and the U.S., and shockwaves sent to markets by world's top oil exporter, Saudi Arabia.On Friday, Saudi-led Organization of Petroleum Exporting Countries (OPEC) and Russia-spearheaded non-OPEC oil producing countries failed to reach a deal to further cut their oil production levels. Soon after, Sa…

yenisafak (2020-03-10). Saudis, Russians set to stir price war via oil rise. yenisafak.com Saudi Arabia and Russia are set to stir up an oil price war as they prepare to boost their crude oil production levels at the beginning of April, after the two oil heavyweights failed to agree to curb their outputs at the OPEC meeting last week.Saudi Aramco, the world's largest crude oil exporter's national oil company, said Tuesday that it would provide its customers with 12.3 million barrels per day (bpd) of crude oil starting from April 1.That level is "an increase of 300,000 per day over the company's maximum sustained capacity of 12 million bpd," according to an announcement it made on the Saudi stock exchan…

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). Oil price war will expedite the end of petrodollar & rise of Chinese-Russian currency— RT's Max Keiser. rt.com The US shale market is to bear the brunt of the raging oil price war that has sent Dow Jones and crude prices down, and Saudi Arabia will fare no better. Meanwhile, Russia has got the best hand in the game, Max Keiser believes.

teleSUR (2020-03-09). Saudi Arabia: Around 70 Palestinians Face Trial for 'Terrorism'. telesurenglish.net Dozens of Palestinian activists residing in Saudi Arabia were accused by the kingdom of supporting Hamas, the governing authority in the Gaza Strip, and were put on trial according to Arabic press reports. | RELATED: | Sixty-eight Palestinian and Jordanian citizens started to face Sunday the "special terrorism court" in the capital Riyadh the reports said. | Families of the accused said their relatives, who were arrested by Saudi…

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…

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.