Oil Price Crash Forces Algeria To Cut State Budget By 50%
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after the price crash. Algeria – Continue Reading
Saudi Arabia, Hit With Oil Collapse and Coronavirus, Tosses Lifelines
Saudi Arabia is taking unprecedented measures to cushion the blow of rock-bottom oil prices and the new coronavirus pandemic, as the monarchy seeks to extricate the kingdom from its worst Continue Reading
Iraq’s economy is collapsing under the double blow of sinking oil prices and coronavirus lockdown
A peddler arranges clothes at the Sarj Khaneh market in Mosul as the country eases restrictions put in place for the coronavirus pandemic. (Zaid Al-Obeidi/AFP/Getty Images) According to government officials, Continue Reading
Nigeria’s Buhari Calls for Debt Pardon by Multilateral Lenders
Nigerian President Muhammadu Buhari urged international financial institutions to cancel the debt obligations of member states to help them withstand the fallout of the coronavirus pandemic. In a meeting with other Continue Reading
Nigeria: FG Urged to Prioritise Dangote Refinery
The Chief Executive Officer of the New Horizon Systems Solution, Mr. Tim Akano, has advised the federal government to prioritise funding of the Dangote Refinery, as part of its strategy Continue Reading
Venezuelan authorities detain U.S. citizens allegedly involved in incursion
Venezuelan authorities have detained two U.S. citizens working with a U.S. military veteran who has claimed responsibility for a failed armed incursion into the oil producing country, President Nicolas Maduro Continue Reading
India Prepares Large-Scale Repatriation of Workers Stranded by Pandemic
India is working with some Arab Gulf states in an effort to repatriate hundreds of thousands of migrant laborers stranded by the coronavirus pandemic, in what could become one of Continue Reading
Venezuelan oil exports rise in April, even after Rosneft exit: data
Venezuela’s oil exports ticked higher in April after falling in March to their lowest average in seven months, helped by new trading partners that were re-selling cargoes in Asia, according Continue Reading
Exclusive: Internal Chinese report warns Beijing faces Tiananmen-like global backlash over virus
An internal Chinese report warns that Beijing faces a rising wave of hostility in the wake of the coronavirus outbreak that could tip relations with the United States into confrontation, Continue Reading
Coronavirus Survivors Want Answers, and China Is Silencing Them
The text messages to the Chinese activist streamed in from ordinary Wuhan residents, making the same extraordinary request: Help me sue the Chinese government. One said his mother had died Continue Reading