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The Latest Breaking News from Saudi Arabia

Crude Prices Find Support as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) on Monday closed up +0.41 (+0.57%), and July RBOB gasoline (RBN23 ) closed up +2.37 (+0.95%). Crude oil and gasoline prices Monday posted moderate gains, with crude climbing to a 1-month high. Crude prices rallied Monday after Saudi Arabia said it would cut its...

Barchart

Newcastle's owners complete takeover of FOUR clubs including Cristiano Ronaldo's Al-Nassr

Saudi Arabia's Public Investment Fund has taken majority stakes in Al Nassr, Al Hilal, Al Ahli and Al Ittihad as the Middle East becomes an increasingly tempting proposition for Europe's leading stars

Daily Mirror

US committed to Saudi-Israeli normalisation, Blinken tells AIPAC

Antony Blinken tells lobby group that ties between Israel and Saudi Arabia are in ‘national security interest’ of US.

Al Jazeera

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Crude Prices Jump as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) this morning is up +1.19 (+1.66%), and July RBOB gasoline (RBN23 ) is up +4.01 (+1.60%). July Nymex natural gas (NGN23 ) is up +0.121 (+5.57%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-month high. Crude prices...

Barchart

Transfer Rumors: Messi Mulls Offers; Benzema Exit Opens Door for Kane to Real

Lionel Messi and Karim Benzema are both reportedly considering blockbuster moves to Saudi Arabia in this week’s transfer roundup.

Sports Illustrated

Stocks Mixed as Energy Stocks Gain after Saudi Arabia Cuts Crude Production

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.44%. U.S. stocks this morning are mixed. Energy stocks are...

Barchart

Iran to reopen embassy in Saudi Arabia after seven years

The move comes in accordance with a China-brokered agreement between Tehran and Riyadh.

Al Jazeera

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Tyson Fury and Oleksandr Usyk to split huge purse for heavyweight clash as figure revealed

Heavyweight champions Fury and Usyk are expected to meet in Saudi Arabia at the end of the year and the rivals could split a massive £120million purse for the undisputed fight

Daily Mirror

Yemeni activist who revealed Houthi sexual abuses ‘detained by Saudi Arabia’

Samira al-Houri disappeared after allegations that claims of female prisoners being raped were embellished

The Guardian - UK

Markets Today: Stocks Mixed with Energy Stocks Climbing as Saudi Arabia Cuts Oil Production

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.1%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.15%. U.S. stock index futures this morning are mixed. Energy stocks are climbing in pre-market trading as crude prices jumped more than +2% to a 1-month...

Barchart

Karim Benzema signs deal to join Saudi Arabia’s Al-Ittihad from Real Madrid

Karim Benzema has signed documents to join the Saudi Arabian club Al-Ittihad after confirming his departure from Real Madrid

The Guardian - UK

Iran to reopen its embassy in Riyadh on Tuesday - Fars news

Iran will reopen its embassy in Saudi Arabia’s capital on Tuesday, Iranian sources told semi-official Fars news agency, months after Tehran and Riyadh agreed to end years of hostility.

Reuters

Brent crude price rises after Saudi Arabia agrees to cut oil output

Price gained more than 2% on Monday morning to touch one-month high of $78.73

The Guardian - UK

N’Golo Kante targeted for Saudi Arabia transfer as Chelsea uncertainty grows

French midfielder could follow Cristiano Ronaldo and Karim Benzema to the Gulf state, with Lionel Messi also in talks

Evening Standard

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The Guardian - US

Saudi Arabia warns Snapchat users that ‘insulting’ regime is a criminal offense

Users of the social media app have faced legal consequences for posts – some private – that are critical of Saudi authorities

Reuters

Venezuela's Maduro visits Saudi Arabia -state media

Venezuelan President Nicolas Maduro arrived in Saudi Arabia on Monday, state media reported, as the kingdom continues to expand its diplomatic outreach beyond traditional Western alliances.

The Independent UK

Saudi Arabia welcomes Venezuelan leader Maduro, reaching out to yet another US foe

Saudi Arabia has welcomed Venzuelan President Nicolas Maduro on an official visit, reaching out to yet another U.S. foe as the oil-rich kingdom engages in a flurry of diplomacy

The Guardian - UK

Oil price up after Saudi Arabia cuts output; UK mortgage rates and car sales rise – as it happened

Rolling coverage of the latest economic financial news, as Brent crude hits $78/barrel and new car market records longest period of growth since 2015

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Reuters

Israeli energy minister opposed to idea of civilian Saudi nuclear programme

Israel's energy minister voiced opposition on Monday to the idea of Saudi Arabia developing a civilian nuclear programme as part of any U.S.-mediated forging of relations between the countries.

Bangkok Post

Most Asian shares rise, oil prices up after Saudi output cuts

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

Bangkok Post

Saudi Arabia slashes output further to boost oil price

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

WEKU

Saudi Arabia cuts oil production again to shore up prices — this time on its own

OPEC+ countries also agreed to extend oil production cuts they announced in April through the end of 2024, reducing production by more than 1 million barrels per day.

The Guardian - UK

Opec+ to extend cuts in oil output into 2024 as prices flag

Oil cartel members reportedly agree to reduce output by a further 1.4m barrels, with oversupply a concern

Evening Standard

Boxing news: Frank Warren addresses Oleksandr Usyk’s Saudi Arabia deal after Tyson Fury fight collapse

Heavyweight division continues to be at somethin of a gridlock

The New Daily

Karim Benzema leaves Real Madrid for lucrative Saudi Arabia deal

Ballon d'Or winner Karim Benzema will leave Real Madrid as a free agent after 14 trophy-laden years, with the striker to move to Saudi Arabia.

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