2020-03-10: Social Media Postees

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Saudi Arabia's Oil Price War Could Very Easily Backfire
Andrew Korybko | globalresearch.ca | 2020-03-10
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 …
globalresearch.ca/saudi-arabia-oil-price-war/5705941

Global crude claws back losses after major price collapse
rt.com | 2020-03-10
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.com/business/482732-oil-prices-bounce-back/

GOLD may be the BIG WINNER in oil price war
rt.com | 2020-03-10
Gold

Who will blink first? Russia in better position to win crude price standoff with Saudi Arabia
rt.com | 2020-03-10
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…
rt.com/business/482712-saudi-arabia-russia-oil-conflict/

Coronavirus destabilises Saudi Arabia
wsws.org | 2020-03-10
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.
www.wsws.org/en/articles/2020/03/10/saud-m10.html

Coronavirus destabilises Saudi Arabia
wsws.org | 2020-03-10
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.
www.wsws.org/en/articles/2020/03/10/saud-m10.html

Experts warn of economic recession amid virus spread, oil price dive
yenisafak.com | 2020-03-10
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.com/en/economy/experts-warn-of-economic-recession-amid-virus-spread-oil-price-dive-3513682

Saudis, Russians set to stir price war via oil rise
yenisafak.com | 2020-03-10
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…
yenisafak.com/en/world/saudis-russians-set-to-stir-price-war-via-oil-rise-3513691

Saudi Arabia: Around 70 Palestinians Face Trial for 'Terrorism'
telesurenglish.net | 2020-03-09
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: | Saudi Crown Prince Expected to Meet Netanyahu: Report | 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…
telesurenglish.net/news/Saudi-Arabia-Almost-70-Palestinians-Face-Trial-for-Terrorism-20200309-0023.html

Trump says crashing markets good for consumers, blames Russia, Saudi Arabia and Fake News
rt.com | 2020-03-09
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.com/usa/482671-trump-schizo-oil-markets-drop/

Italy, Israel, Others Take Extensive Measures as Virus Spreads
telesurenglish.net | 2020-03-09
Dozens of countries worldwide took extensive and unprecedented measures Monday in an effort to halt the rapid spread of the coronavirus, including a total lockdown of Italy and weeks-long quarantines. | RELATED: | Oil Falls 30% As Saudi Arabia Slashes Prices, Sparks Price War | "Now that the virus has a foothold in so many countries, the threat of a pandemic has become very real," said World Health Organization (WHO) chief Tedros Adhanom Ghebreyesus. | "The great advantage we h…
telesurenglish.net/news/Countries-Take-Extensive-Measures-as-Coronavirus-Spread-Worsens-20200309-0020.html

Oil price war will expedite the end of petrodollar & rise of Chinese-Russian currency– RT's Max Keiser
rt.com | 2020-03-09
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. | …
rt.com/business/482691-kaiser-oil-price-petrodollar-end/

Trump says crashing markets good for consumers, blames Russia, Saudi Arabia and Fake News
rt.com | 2020-03-09
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.com/usa/482671-trump-schizo-oil-markets-drop/

Oil Falls 30% As Saudi Arabia Slashes Prices, Sparks Price War
telesurenglish.net | 2020-03-08
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: | OPEC Backs Biggest Oil Cut Since 2008 Crisis, Awaits Russia | 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…
telesurenglish.net/news/Oil-Falls-30-As-Saudi-Arabia-Slashes-Prices-Sparks-Price-War-20200308-0011.html

Yemen: UN envoy calls for 'immediate and unconditional' freeze on military activities
news.un.org | 2020-03-07
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.org/feed/view/en/story/2020/03/1058921

Rights office concerned over death sentences against 35 Yemeni MPs
news.un.org | 2020-03-06
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.org/feed/view/en/story/2020/03/1058901

Last Process: 16 Postees: 2020-03-11 00:18 GMT (20:18 EST)

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.

Last Process: 13 Citations: 2020-03-10 00:53 GMT (20:53 EST)