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6:25 a.m. March 4, 2021 - By Myra P. Saefong
Oil futures up nearly 5% on talk that OPEC+ is poised to extend production cutsOil futures , buoyed by speculation that the Organization of the Petroleum Exporting Countries and their Russia-led allies, collectively known as OPEC+, will keep their production quotas in place and that Saudi Arabia will extend its unilateral output cut of one million barrels a day through April. The group is discussing a rollover of production for all members, except Russia and Kazakhstan, which will be allowed to boost output by 130,000 and 20,000 barrels per day, respectively, , tweeted, citing comments from delegates. that OPEC+ has reached a decision to keep production unchanged, but other reports say the meeting is still ongoing. April West Texas Intermediate crude rose $2.85, or 4.7%, to $64.13 a barrel and May Brent crude climbed $3.04, or 4.7%, to $67.11 a barrel.
10:15 a.m. Feb. 26, 2021 - By Greg Robb
U.S. Treasury sanctions former Saudi official and 'Tiger Squad', but not crown prince, in connection with Khashoggi murderThe Treasury Department announced Friday that it has sanctioned Saudi Arabia's Rapid Intervention Force, called the "Tiger Squad," and a former Saudi intelligence officer, for their direct involvement in the murder of Washington Post journalist Jamal Khashoggi. Ahmad Hassan Mohammed al Asiri, the former deputy head of the country's General Intelligence Presidency, was called the "ringleader" of the murder by the department. The U.S. did not sanction Saudi Crown Prince Mohammed bin Salman. The New York Times reported that unnamed senior administration officials said the price for directly penalizing the crown price was too high. The order freezes any assets held by the targets in the U.S. and also prohibits Americans from doing business with them. Earlier Friday, the Biden administration released an intelligence assessment concluding the crown prince likely approved an operation to capture or kill the journalist in Istanbul.
8:19 a.m. Feb. 26, 2021 - By Robert Schroeder
U.S. intelligence report says Saudi crown prince approved capture or killing of KhashoggiA U.S. released Friday said Saudi Arabian Crown Prince Mohammed bin Salman approved an operation "to capture or kill Saudi journalist Jamal Khashoggi." The report, dated Feb. 11, is partially redacted and comes from the Office of the Director of National Intelligence. Khashoggi died in Istanbul in October 2018.
1:00 p.m. Oct. 2, 2020 - Associated Press
Khashoggi killing’s anniversary brings calls for justice from journalists and human-rights advocates U.S.-based newspaper columnist died two years ago inside the Saudi consulate in IstanbulU.S.-based newspaper columnist died two years ago inside the Saudi consulate in Istanbul.
10:20 a.m. Sept. 17, 2020 - By Myra P. Saefong
Oil prices finish higher as OPEC+ stresses full compliance with output quotas JMMC recommends extension of output-cut compensation mechanism to the end of the yearOil futures climb on Thursday as the Organization of the Petroleum Exporting Countries and its allies stress the importance of full compliance with output cuts during their monthly meeting.
2:03 a.m. Sept. 8, 2020 - Associated Press
Saudi court issues final verdicts in killing of U.S.-based journalist Khashoggi at consulate in IstanbulA Saudi court issued final verdicts on Monday in the case of slain Washington Post columnist and Saudi critic Jamal Khashoggi after his son, who still resides in the kingdom, announced pardons that spared five of the convicted individuals from execution.
4:07 a.m. Aug. 30, 2020 - Associated Press
Mike Pompeo targeted by House Foreign Affairs Committee’s contempt resolution Former White House ethics chief files Hatch Act complaint against Pompeo over convention speech blending State Department work and partisan politics while using Jerusalem as a backdropWASHINGTON (AP) — The House Foreign Affairs Committee is moving to hold Secretary of State Mike Pompeo in contempt after he has repeatedly rejected the committee’s subpoenas for records related to Ukraine that the department has turned over to the Republican-led Senate.
11:57 a.m. Aug. 1, 2020 - Associated Press
Biden eyes major foreign policy shifts if he wins Americans could expect Biden to re-engage with traditional allies. Should former Vice President Joe Biden win the White House in November, America will likely be in for a foreign policy about-face as Biden reverses, dismantles or severely curtails many of President Donald Trump’s most significant and boldest actions.
8:44 a.m. July 25, 2020 - By Philip van Doorn
These 2 stocks will profit from transformative tech trends Look ahead to critically important technology as the traditional cloud isn’t fast enough to do what people will wantLook ahead to critically important technology as the traditional cloud isn’t fast enough to do what people will want.
11:23 a.m. July 19, 2020 - Associated Press
Pandemic’s global death toll tops 600,000, as WHO reports record number of new cases Nearly 260,000 new infections reported Saturday; coronavirus cases spike in India, South AfricaThe coronavirus pandemic has found fresh legs around the world, as confirmed deaths pass 600,000 and countries from the U.S. to South Africa to India struggle to contain a surge of new infections. Hong Kong issued tougher new rules on wearing face masks, Spain closed overcrowded beaches and Germany reported another outbreak at a slaughterhouse.
10:15 a.m. July 10, 2020 - By Myra P. Saefong
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk Libya looks set to add to global crude suppliesOil futures climb on Friday, but U.S. prices finish lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.
5:32 p.m. July 1, 2020 - Associated Press
Pompeo defends Trump administration response to intelligence assessments about Russian bounties on U.S. lives in Afghanistan Intelligence officials say the White House first became aware of alleged Russian bounties in early 2019 — a year earlier than previously reportedIntelligence officials have told the AP that the White House first became aware of alleged Russian bounties in early 2019 — a year earlier than previously reported.
6:16 p.m. June 28, 2020 - Associated Press
‘This is as bad as it gets,’ says Pelosi as Trump denies he was briefed on Russian bounties in Afghanistan Growing furor as president downplays allegations of bounties on U.S. troopsPresident Donald Trump on Sunday denied that he had been briefed on reported U.S. intelligence that a Russian military intelligence unit secretly offered bounties to Taliban-linked militants for killing American troops in Afghanistan, and he appeared to minimize the allegations against Moscow.
10:21 a.m. June 3, 2020 - By Myra P. Saefong
Oil prices finish at highest in 3 months, as traders await next move for OPEC+, digest U.S. supply data Uncertainty surrounds the timing of the OPEC+ meeting and the group’s decision on outputOil futures Wednesday close higher, extending a move around the highest level since early March, as uncertainty over whether a meeting of crude producers will be held this week or next raised doubts about a willingness to substantially extend global production cuts that taper after June.
3:01 a.m. May 23, 2020 - Associated Press
Khashoggi’s sons forgive Saudi killers, sparing 5 executionThe family of slain Washington Post columnist Jamal Khashoggi announced Friday they have forgiven his Saudi killers, giving legal reprieve to the five government agents who’d been sentenced to death for an operation that cast a cloud of suspicion over the kingdom’s crown prince.
10:27 a.m. May 14, 2020 - By Myra P. Saefong
Oil futures up sharply, with U.S. prices near a 6-week high Big production cuts, bets for higher demand lift hopes for market balanceOil futures rise sharply on Thursday, finding support as the International Energy Agency points to a tightening of the supply picture later in the year.
1:11 p.m. May 4, 2020 - By Ciara Linnane
Coronavirus update: Global case tally passes 3.5 million; Trump and senior officials continue to lash out at China J. Crew files for bankruptcy and GE announces permanent job cuts at its aviation unit; global deaths top 250,000The number of cases of the coronavirus that causes COVID-19 climbed above 3.54 million on Monday, as President Donald Trump and senior members of his administration continued to lash out at China, where the virus was first reported late last year.
6:51 a.m. May 2, 2020 - By Ciara Linnane
Coronavirus update: More than a million people have recovered; Trump pushes China conspiracy theory Exxon Mobil posts first quarterly loss in decades, and Clorox produces a blowout report thanks to demand for disinfecting productsThe number of patients that have recovered from the coronavirus that causes COVID-19 rose to more than a million on Friday, offering a rare piece of good news in the pandemic that has caused more than 230,000 deaths and tanked economies around the world.
11:00 a.m. April 9, 2020 - By Myra P. Saefong
Oil prices settle lower as investors weigh reports of an OPEC+ output cut deal Saudis, Russia reach an output-cut agreement in principleOil futures finished with a loss on Thursday, giving up an earlier rally that had lifted U.S. prices by as much as 13%, as investors weighed reports of an OPEC+ output cut deal that some believe won’t be enough to offset losses in demand amid the COVID-19 pandemic’s hit to the economy.
2:09 a.m. April 4, 2020 - By Myra P. Saefong
Why a Saudi Arabia-Russia deal to cut oil output would mean nothing without U.S. cooperation WTI oil futures post biggest weekly percentage rise on record on hopes for output-cut pactOil prices posted their largest weekly gain on record Friday, buoyed by expectations that Saudi Arabia and Russia will work together to cut global crude production, but analysts say any agreement to stave off a market surplus would need help from the United States, the world’s largest oil producer.
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