Saudi Arabia has directed national oil company Aramco to cut its crude oil production for June by an extra voluntary amount of 1 million barrels per day, on top of a reduction already committed by the kingdom under the OPEC+ cut deal, a Saudi energy ministry official said on Monday. ...
Saudi shares slumped 6.8 percent as trading opened Sunday, a day after the finance minister announced “painful” measures to tackle the economic impacts of the coronavirus pandemic. Almost all the listed stocks on the Arab world’s largest bourse were in the red just minutes after the start of trading. Finance ...
