Crown Prince Mohammed bin Salman seemed to be keeping a low profile. Then he detained senior members of the royal family and started an oil price war.
Tag: Saudi Arabia
Saudi Oil Price Cut Is a Market Shock With Wide Tremors
Oil producers in the United States and other nations brace for lower revenue, reduced investment and job losses as a global glut is compounded.
How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy
Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.
Roundup of Saudi Royals Expands With Detention of a 4th Prince
The arrests have raised questions about whether the crown prince was on the verge of taking full power from his father, King Salman.
Saudi Arabia: Three Members of Royal Family Are Arrested
Crown Prince Mohammed bin Salman has detained a brother of the king, a former crown prince and a cousin, royals who may have been seen as threats to his rule.
Governments Point Fingers Over Coronavirus as Death Toll Mounts
The head of the World Health Organization said it was “not a time for excuses,” but some countries have been busily exchanging blame.
OPEC Proposes a Large Cut in Oil Output
The cartel wants to take 1.5 million barrels a day off the market as the coronavirus outbreak curbs demand. But the assent of Russia and others is needed.
OPEC Tries to Head Off Oil Glut as Coronavirus Saps Demand
A rise in oil prices on Monday suggested traders believe OPEC and Russia will agree on a new cut in oil production this week.
How Months of Miscalculation Led the U.S. and Iran to the Brink of War
The Trump administration escalated pressure on Iran to try to negotiate over its nuclear aims. Instead, Iran fought back with violent attacks. At critical points, each country misjudged the other.
Art Rises in the Saudi Desert, Shadowed by Politics
Some artists say Desert X AlUla is a step toward changing Saudi society. Critics call the government-funded exhibition “morally corrupt.”