London, United Kingdom | AFP | Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said Friday, after marathon talks to counter a collapse in prices. The agreement, which reduces production to eight million bpd from July to December, depends …
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Riyadh, Saudi Arabia | AFP | Saudi Arabia on Monday launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil. To kickstart the 12-year programme, the Gulf state announced the signing …
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Jeddah, Saudi Arabia | AFP | Saudi Crown Prince Mohammed bin Salman, named heir to the region’s most powerful throne last month, took temporary charge of the country Monday as the king left on holiday. Prince Mohammed’s father, King Salman, issued a royal decree deputising his son to “manage …
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Saudi king’s son named crown prince: royal decree Riyadh, Saudi Arabia | AFP | Saudi King Salman on Wednesday named his son Mohammed bin Salman as crown prince, completing a gradual removal of powers from the previous prince Mohammed bin Nayef, 57, who has been fired. According to a royal …
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