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Human Rights Watch/Handout via REUTERS Acquire Licensing RightsDUBAI/HARAR, Ethiopia, Aug 21 (Reuters) - Saudi Arabian border guards have killed hundreds of Ethiopian migrants, including women and children, who attempted enter the kingdom along its mountainous border with Yemen, Human Rights Watch (HRW) said on Monday. In a 73-page report, the rights group said Saudi guards used explosive weapons to kill some migrants and shot at others from close range. Saudi authorities have also strongly denied allegations made by U.N. officials in 2022 that border guards systematically killed migrants last year. HRW said it based its report on witness testimony as well as 350 videos and photos of wounded and killed migrants, and satellite imagery showing the location of Saudi Arabian guard posts. A letter issued by the kingdom's U.N. mission in March 2023 rejected the allegation, saying that Saudi border security regulations "ensure humane treatment...no form of mistreatment or torture is tolerated."
Persons: U.N, Nadia Hardman, Hardman, Mustafa Sofian Mohammed, Mustafa, Sofian Mohammed Abdulla, Mustafa's, Stephane Dujarric, Andrew Mills, Emma Farge, Daphne Psaledakis, Dawit, Daniel Flynn Organizations: Human Rights, REUTERS Acquire, Rights, Rights Watch, Saudi, Ethiopian, Reuters, State Department, Al, Al Thawra Hospital, International Organization for Migration, Hallelujah, HRW, Rehabilitation, Torture, UN Human Rights, Gulf Bureau, Tiksa, Milan Pavicic, Thomson Locations: Ethiopia, Saudi Arabia, Yemen, Rights DUBAI, HARAR, Saudi Arabian, Saudi, Addis Ababa, U.S, Tigray, Horn of Africa, Aden, Ethiopian, Harar, Al Thawra, Sanaa, Addis, New York, Gulf, Tiksa Negeri, Milan, Gdansk, Geneva, Washington
Footage of the meeting on Iranian state media showed MbS and Amirabdollahian smiling as they spoke, while Prince Faisal and the Iranian delegation looked on. Saudi state news agency SPA said they discussed international and regional developments. [1/3]Saudi Crown Prince, Mohammed bin Salman meets with Iranian Foreign Minister Hossein Amir-Abdollahian in Jeddah, Saudi Arabia August 18, 2023. Prince Faisal visited Tehran in June and said he hoped Iranian President Ebrahim Raisi would visit the kingdom at the "appropriate time". Saudi Arabia had meanwhile lost confidence in U.S. commitment to shared regional security concerns and wanted to bolster ties with China, which has retained good relations with Iran.
Persons: Saudi Arabian Crown Prince Mohammed bin Salman, Hossein Amirabdollahian, Amirabdollahian, Prince Faisal bin Farhan, Mohammed bin Salman, Prince Faisal, Saudi Crown Prince, Hossein Amir, Ebrahim Raisi, Ayatollah Ali Khamenei, General Antony Blinken, Angus McDowall, Mark Potter, Conor Humphries Organizations: Saudi Arabian Crown, Saudi, MbS, Saudi Crown, Iranian, Iran's Foreign, West Asia News Agency, REUTERS Acquire, Iran's, U.S, Dubai Newsroom, Thomson Locations: DUBAI, Saudi, Jeddah, United States, Iraq, Syria, Lebanon, Yemen, Bahrain, Abdollahian, Saudi Arabia, China, Tehran, Iran, Ukraine, Beijing, East
Saudi crown prince meets Iran's foreign minister
  + stars: | 2023-08-18 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsSaudi crown prince meets Iran's foreign ministerPostedSaudi Arabian Crown Prince Mohammed bin Salman met Iranian Foreign Minister Hossein Amirabdollahian in Jeddah on Friday (August 18) in the highest level talks since the countries reconciled after years of bitter rivalry that destabilised the region.
Persons: Saudi Arabian Crown Prince Mohammed bin Salman, Hossein Amirabdollahian Organizations: Saudi Arabian Crown Locations: Saudi, Iranian, Jeddah
Saudi binge is fiscal free kick for European clubs
  + stars: | 2023-08-18 | by ( Streisand Neto | ) www.reuters.com   time to read: +3 min
The Saudi binge may help European teams raise funds and meet tough new financial rules. The Roshn Saudi League is a top scorer in the football transfer market. UEFA, the governing body for European football, has introduced new rules limiting clubs’ spending on wages, transfers and agent fees to 70% of revenue. European clubs should take the money before the referee's whistle blows. Saudi clubs have spent over 550 million euros buying players from European clubs in the 2023/2024 transfer season, according to Transfermarkt.
Persons: Al Hilal's, Neymar, Fahd bin Saad Al, Neymar da Silva Santos Júnior, Germain, Rúben Neves, Prince Mohammed bin Salman, Len Blavatnik, China’s, Oscar, Marouane, Hilal, Cristiano Ronaldo, Karim Benzema, Neil Unmack, Thomas Shum, Pranav Kiran Organizations: Soccer, Al, Saudi Pro League, REUTERS Acquire, Reuters, Paris Saint, Saudi, Saudi Public Investment Fund, Britain’s Premier League, Premier League, Deloitte’s Sports Business, UEFA, Deloitte, Reuters Graphics Reuters, Bloomberg, BBC, Thomson Locations: Al Hilal, Paris, France, Saudi, Hilal, Saudi League, Al, Ittihad, Saudi Arabia, Riyadh, Kingdom, Saudi Arabian
"Simply put, Mr Massa is the rightful 2008 Driver's Champion, and F1 and FIA deliberately ignored the misconduct that cheated him out of that title," said the letter. There was no immediate response from the FIA and Formula One, which is currently on an August shutdown. PIQUET CRASHMassa was leading the 2008 Singapore Grand Prix from pole position when fellow Brazilian Piquet crashed into the wall on lap 14 of 61. The lawyers' letter warned that, without a satisfactory response, Massa intended to "pursue legal action in order to seek compensation for the harm he has suffered." Massa did not win again after 2008, with the Brazilian suffering a near-fatal head injury at the 2009 Hungarian Grand Prix.
Persons: Driver Felipe Massa, Hamad, Mohammed, Massa, Ecclestone, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Law, McLaren's Lewis Hamilton, Mr Massa, " Massa, supremo Bernie Ecclestone, Max Mosley, Nelson Piquet's, PIQUET, Piquet, Fernando Alonso, insider.com Ecclestone, Hamilton, Mosley, Charlie Whiting, Rory Carroll, Alan Baldwin, Ken Ferris Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, FIA, Reuters, Formula, Formula One, F1, supremo, Renault, Briton, F1 supremo, Liberty Media, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Paris, London, Singapore, Switzerland, Spanish
Iranian Foreign Minister Hossein Amirabdollahian is seen before a meeting with Japanese Prime Minister Fumio Kishida (not in picture) at Kishida's official residence in Tokyo, Japan August 7, 2023. REUTERS/Issei Kato/Pool/file photo Acquire Licensing RightsDUBAI, Aug 17 (Reuters) - Iran Foreign Minister Hossein Amirabdollahian will visit Saudi Arabia on Thursday, Iran state TV reported on Thursday. In June, Saudi Arabian Foreign Minister Prince Faisal bin Farhan met with Iranian officials in Tehran on his first visit to the country after the resumption of diplomatic ties with the Islamic republic in March. In March, Iran and Saudi Arabia agreed in a China-brokered deal to end a diplomatic rift and reestablish relations following years of hostility that had endangered regional stability in the Gulf, as well as in Yemen, Syria and Lebanon. Saudi Arabia broke ties with Iran in 2016 after protesters attacked its embassy in Tehran in retaliation for Riyadh's execution of a prominent Shiite cleric.
Persons: Hossein Amirabdollahian, Fumio Kishida, Issei Kato, Prince Faisal bin Farhan, Tom Hogue Organizations: Iranian, Japanese, REUTERS, Rights, Saudi Arabian Foreign, Dubai Newsroom, Thomson Locations: Tokyo, Japan, Iran, Saudi Arabia, Saudi, Tehran, China, Yemen, Syria, Lebanon
Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. For ESPN, it's not as material, but it's helpful — ESPN has locked in a 10-year partner with guaranteed pay so that improves the visibility of ESPN's revenue. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race.
Persons: Bob Iger, Jonathan Miller, Penn, Alex Iosilevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi
CNN —Kylian Mbappé has been reinstated into the Paris Saint-Germain first-team after being frozen out of the squad during its preseason tour of Japan, amid his ongoing transfer saga. The 24-year-old has been training separately from the first team while his standoff with the club rumbles on. “Following very constructive, positive talks between PSG and Kylian Mbappé before the game vs Lorient, the player has been reinstated into the first team training squad this morning,” PSG said in a statement on Sunday. Mbappé watched PSG's league opener against Lorient from the stands on Saturday. It’s not yet clear whether Mbappé will sign a new deal at the club.
Persons: Kylian Mbappé, Germain, Frenchman, , Mbappé, Nasser Al, Khelaifi, Christophe Saidi, Al Hilal, It’s Organizations: CNN, Paris Saint, Lorient, PSG, ” PSG, Saudi, Real Madrid Locations: Paris, Japan, Saudi Arabian, Al
DUBAI, Aug 13 (Reuters) - Saudi Arabian Mining Company (1211.SE), known as Ma'aden, said on Sunday its second-quarter profit tumbled more than 90% on lower sales prices and higher expenses as it flagged a mixed outlook for its products. That missed analysts' average estimate of 577.6 million riyals in net profit for the second quarter, according to Refinitiv data. "We are beginning to see an improvement in raw material pricing and, despite the challenging market environment, remain well placed to meet the growing long-term demand for our products," Ma'aden Chief Executive Robert Wilt said in a statement. Ma'aden expected prices of ammonia to remain stable in the third quarter "as supply tightness continues to provide marginal upside." Ma'aden sees gold trading in its current range for the rest of the year and raw material prices continuing to ease, "supporting profitability."
Persons: Ma'aden, Robert Wilt, Yousef Saba, Bernadette Baum Organizations: Saudi Arabian Mining Company, Thomson Locations: DUBAI, Saudi, Americas
Palestinians accept first Saudi ambassador
  + stars: | 2023-08-12 | by ( ) www.reuters.com   time to read: +2 min
At a ceremony in Jordan, Palestinian President Mahmoud Abbas's diplomatic adviser Majdi al-Khalidi received a copy of the credentials of Ambassador Nayef Al-Sudairi as a non-resident envoy, official Palestinian news agency Wafa said. Palestinian analyst Talal Okal said the diplomatic appointment was a half-step toward an official Saudi representation office in the occupied West Bank. "It is also a message Saudi Arabia was committed to the rights of the Palestinians in a fully sovereign state," he added. PALESTINIAN CONCERNPalestinian Foreign Minister Riyad al-Maliki said last week that Abbas's Western-backed Palestinian Authority is hoping to engage with Saudi Arabia over their concerns about the potential normalisation with Israel. Saudi Arabia has quietly accepted the so-called Abraham Accords that have normalised ties between Israel and Gulf states United Arab Emirates and Bahrain.
Persons: Mahmoud Abbas's, Majdi al, Khalidi, Nayef Al, Wafa, al, Talal Okal, Riyad al, Maliki, Abraham, Benjamin Netanyahu, Nidal al, Ali Swafta, Maayan Lubell, Hatem Maher, Andrew Cawthorne Organizations: West Bank, Palestinian, Saudi, Abraham Accords, United, NBC, Thomson Locations: RAMALLAH, West, Saudi Arabian, Israel, Saudi Arabia, U.S, Saudi, Jordan, Palestinian, Gulf, United Arab Emirates, Bahrain, Gaza, Ramallah, Maayan, Jerusalem, Cairo
Frederick Wassef, lawyer representing Brazil's President Jair Bolsonaro and Senator Flavio Bolsonaro, attends an inauguration ceremony at the Planalto Palace, in Brasilia, Brazil June 17, 2020. The search warrant issued by Supreme Court Justice Alexandre de Moraes followed police allegations that Bolsonaro's aides used government resources for their personal advantage. The decision by Moraes, seen by Reuters, said proceeds of the sales were delivered in cash to Bolsonaro via intermediaries. The raids follow an investigation into jewelry worth some $3 million given by the Saudi Arabian government as a presidential gift to Bolsonaro, which he failed to declare. The police investigation has established that Bolsonaro aides tried to recover the Saudi jewelry given to then-first lady Michelle Bolsonaro after it was seized in October 2021 in Sao Paulo by customs officials, who found the gems in an aide's backpack when he entered Brazil from Riyadh.
Persons: Frederick Wassef, Jair Bolsonaro, Flavio Bolsonaro, Adriano Machado, Alexandre de Moraes, Moraes, Mauro Cesar Cid, Bolsonaro's, Col Mauro Cid, Wassef, Mauro Cid, Cid, Bolsonaro, Michelle Bolsonaro, Ricardo Brito, Maria Carolina Marcelo, Rodrigo Viga Gaier, Carolina Pulice, Anthony Boadle, Brad Haynes, Rosalba O'Brien Organizations: REUTERS, RIO DE, Supreme, Federal Police, Reuters, Thomson Locations: Brasilia, Brazil, BRASILIA, RIO, RIO DE JANEIRO, Bahrain, Bolsonaro's, Saudi, Sao Paulo, Riyadh, Brasiia, Rio de Janeiro
CNN —With some of the world’s leading soccer players being tempted by the money on offer from Saudi Arabian soccer clubs, the Saudi Pro League’s (SPL) new Director of Football, Michael Emenalo, says the Gulf state is “disrupting the industry, but we are disrupting to enhance. We’re adding value to the industry.”The Saudi Pro League consists of 18 clubs, four of which are 75% owned by the Saudi Public Investment Fund (PIF) – one of the world’s top 10 sovereign wealth funds. Cristiano Ronaldo, N’golo Kanté, Riyad Mahrez and current Ballon d’Or holder Karim Benzema are just a few of players who have joined a variety of SPL clubs over the last few months. That’s true, but there is also a sensible, logical, thoughtful process to making the league better,” said the SPL’s new Director of Football. The new 2023/24 Saudi Pro League season begins on Friday, August 11, with Al-Ahli hosting Al-Hazm.
Persons: Michael Emenalo, Cristiano Ronaldo, N’golo, Riyad Mahrez, Ballon d’Or, Karim Benzema, Emenalo, Germain, Mbappé, Al Hilal’s, coy, ” Emenalo, Darren Lewis, , that’s, he’s, Jurgen Klopp, Jordan Henderson, Fabinho, Al Ettifaq, Al Ittihad, , ” Michael Emenalo, Henderson, – it’s Organizations: CNN, Saudi Pro League’s, Football, Saudi Pro League, Saudi Public Investment Fund, Saudi, Al Hilal, Paris Saint, PSG, SPL, Liverpool, Saudi FA, Al Locations: Saudi Arabian, Gulf, France, Paris, Al Hilal, Saudi, Al, Liverpool, Turkey, Russia, Saudi Arabia, Mahrez, Ahli
Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race. According to the American Gaming Association, sports betting grossed $7.5 billion in gaming revenue in 2022, up 75% from 2021.
Persons: Bob Iger, Jonathan Miller, Penn, Alex Ilosevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi
[1/2] A Riyadh Air Boeing 787-9 Dreamliner is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File PhotoDUBAI, Aug 10 (Reuters) - New Saudi Arabian airline Riyadh Air and Spanish soccer club Atlético de Madrid announced a multi-year sponsorship agreement in a joint statement on Thursday. As part of the deal, Riyadh Air will become the main sponsor of the Spanish club. "This partnership means a great opportunity to offer better experiences to our fans around the world and I am confident that this alliance with Riyadh Air will take our club to new heights," Atlético de Madrid CEO Miguel Ángel Gil said in the statement. Riyadh Air, which will start flights in 2025, is owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF).
Persons: Benoit Tessier, Miguel Ángel Gil, Tony Douglas, Ahmed Elimam, David Evans Organizations: Riyadh Air Boeing, International Paris Air, Le, REUTERS, Riyadh Air, Atlético de, Madrid, Public Investment Fund, Thomson Locations: Le Bourget, Paris, France, DUBAI, Saudi Arabian, Spanish, Atlético de Madrid, Riyadh, Saudi
Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023. Boeing delivered 43 aircraft to customers last month as it tries to ramp up output with airline customers clamoring for new jets. Last month, Boeing said it was transitioning production of its bestselling 737 Max plane to a pace of 38 a month from 31. Boeing's chief rival, Airbus, last week said it has handed over 381 planes in the first seven months of the year. Boeing said it logged net orders for 52 aircraft in July, which included a firmed-up order from Saudi Arabian Airlines, or Saudia, for 39 Boeing 787 Dreamliners, a deal first announced in March.
Persons: Brian West Organizations: Boeing, Max, Airbus, Saudi Arabian Airlines Locations: North Charleston , South Carolina, Saudi Arabian
Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion riyals a year earlier, beating a company-provided median estimate from 15 analysts of $29.8 billion. The group declared a base dividend of about $19.5 billion for the second quarter, roughly in line with its payout for the first quarter. Aramco will begin paying performance-linked dividends for six quarters, starting with a $9.87 billion payout in the third quarter, it said. A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. The firm still sees capital expenditure at between $45 billion and $55 billion this year, Nasser said on a media call.
Persons: Maxim, Graphics Brent, Brent, Amin Nasser, Nasser, Maha El Dahan, Yousef Saba, Jan Harvey, Bernadette Baum Organizations: Aramco, Investment Fund, Saudi, REUTERS, Graphics, of, Petroleum, Thomson Locations: China chem, DUBAI, Saudi Arabian, Aramco, Saudi, Saudi Arabia, Russia, Saudi Aramco, Abqaiq, Moscow, Riyadh
Aramco Q2 profit down 38% to $30 bln
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: 1 min
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File PhotoCompanies Saudi Arabian Oil Co FollowDUBAI, Aug 7 (Reuters) - Saudi Arabian state oil giant Aramco (2222.SE) on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion a year earlier, the company said in a bourse filing, but topped the $29.8 billion expected by 15 analysts in an Aramco-provided poll. ($1 = 3.7513 riyals)Reporting by Maha El Dahan and Yousef Saba; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Maxim, Maha El Dahan, Yousef Saba, Jason Neely Organizations: Saudi, REUTERS, Companies Saudi Arabian Oil, Thomson Locations: Saudi Aramco, Abqaiq, Saudi Arabia, DUBAI, Saudi Arabian, Aramco, bourse
CAIRO, Aug 7 (Reuters) - Saudi Arabia signed a strategic agreement with Turkish defence firm Baykar Tech to localise the manufacturing of drones in the kingdom, state-owned Saudi Arabian Military Industries (SAMI)posted on messaging platform X, formerly known as Twitter, on Sunday. The agreement "will enhance SAMI’s role in supporting the national defence industry and strengthening our local capabilities," SAMI said. In July, Saudi Arabia agreed to buy Turkish drones from Baykar in the biggest defence contract in Turkey's history. Investments and funding from the Gulf have helped relieve pressure on Turkey's economy and its currency reserves since 2021, when Ankara launched a diplomatic effort to repair ties with Saudi Arabia and the United Arab Emirates. Reporting by Muhammad Al Gebaly and Hatem Maher; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: SAMI, Jamal Khashoggi, Muhammad Al Gebaly, Hatem Maher, Leslie Adler Organizations: Turkish, Tech, Saudi Arabian Military Industries, United, Thomson Locations: CAIRO, Saudi Arabia, Ankara, United Arab Emirates, Turkey, East, North Africa, Saudi, Istanbul
The kingdom's sovereign wealth fund reported an AUM of 1.98 trillion riyals for 2021. The PIF said it generated a total shareholders' return of 8% and established 25 companies in 2022, and locally deployed 120 billion riyals in that year in strategic sectors. The PIF said 23% of its AUM were international investments, while 68% were local investments and the remainder were treasury. PIF is the chosen vehicle of Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, to drive an economic agenda aimed at cutting reliance on oil. The fund raised $5.5 billion in February from a green bond sale, following its inaugural green bond that raised $3 billion in October.
Persons: Yasir Othman Al, Mohammed Abdullah Al Jadaan, Ahmed Aqeel Al Khateeb, Ibrahim Abdulaziz Al, Prince Mohammed bin Salman, Majid Abdullah Al Qasabi, Khalid Abdulaziz Al Falih, PIF, Ahmed Elimam, Alex Richardson Organizations: Saudi Public Investment, Saudi Finance, Tourism, Investment, Read, Saudi, Public Investment Fund, Sunday, Aramco, Sanabil Investments, Thomson Locations: Saudi, DUBAI, London , New York, Hong Kong, Saudi Aramco
Ukrainian, Russian and international officials say there is no prospect of direct peace talks between Ukraine and Russia at present, with the war raging. The world's top oil exporter Saudi Arabia, which has maintained contacts with both sides since Russia invaded Ukraine last February, has played a role in convening countries that did not join earlier meetings, Western diplomats have said. SAUDI DIPLOMACYWestern officials and analysts said Saudi diplomacy had been important in securing China's presence at the talks. Zelenskiy attended an Arab League summit in Saudi Arabia last year where MbS voiced readiness to help mediate in the war. In March, Beijing brokered a resumption of ties between Saudi Arabia and its arch regional foe Iran.
Persons: Andriy Yermak, Volodymyr Zelenskyi, Volodymyr Zelenskiy's, Zelenskiy, Russia's, Eurasian Affairs Li Hui, Ajit Doval, Crown Prince Mohammed bin Salman, Xi Jinping, Kristian Coates Ulrichsen, Rice, Yun Sun, Sun, Lidia Kelly, Maha El Dahan, Omar Abdel, Michael Martina, Aftab Ahmed, Angus McDowall, Andrew Cawthorne Organizations: International, REUTERS, Saudi, Global, Kremlin, Eurasian Affairs, Indian National Security, Crown, Arab, MbS, Shanghai Cooperation Organization, Iran, Baker Institute, Stimson, Razek, Thomson Locations: Ukraine, Kyiv, China, India, Jeddah Ukraine, Russia, DUBAI, United States, Saudi Arabia, Ukrainian, Copenhagen, Beijing, Moscow, Jeddah, Riyadh, SAUDI, Saudi, Turkey, Middle East, Washington, Warsaw, Maha, Dubai, New Delhi
REUTERS/Jennifer Hiller/File PhotoSINGAPORE, Aug 4 (Reuters) - Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of supply as producers cut output and sanctions on Russian crude disrupt trade flows. U.S. crude exports are also easing the loss of supply after Saudi Arabia deepened output cuts from July, above what major producers agreed to in June. The widening exports illustrate the increasing influence of crude from the U.S., the world's biggest oil producer, in the global market. U.S. crude exports have averaged 4.08 million barrels per day so far in 2023, up from an average of 3.53 million bpd in 2022, according to the Energy Information Administration. PRESSURE EXTENDSThe pressure exerted from the WTI Midland exports is even extending to Asian markets for Middle Eastern crude.
Persons: Jennifer Hiller, Brent, it's, Joel Hanley, Rohit Rathod, Adi Imsirovic, John Evans, Muyu Xu, Alex Lawler, Arathy, Florence Tan, Simon Webb Organizations: REUTERS, Midland, P, Energy Information Administration, WTI Midland, United, Dubai, Surrey Clean Energy, Gazprom Marketing, Organization of, Petroleum, Exchange, Futures, Thomson Locations: Texas, U.S, SINGAPORE, Europe, Asia, Saudi Arabia, United Arab Emirates, Midland, Dubai, Africa, Brazil, Singapore, WTI, Saudi, London, Houston
After six seasons in the Champions League, where Klopp's side reached the final three times and won the trophy in 2019, Liverpool now find themselves back in the Europa League. Premier League clubs sacked 14 managers last season but Klopp, currently the longest-serving coach at a single club in England's top flight, was never in danger of losing his job. Liverpool did not inject fresh blood into an ageing midfield while injuries in the forward line scuppered a title challenge. This year Saudi Arabian clubs have forced Liverpool's hand, with the cash-rich league tearing up the Anfield club's transition plans by luring away their two midfield stalwarts. Returning to the Champions League will be their first priority, which is why a top four finish -- or even winning the Europa League -- will be the bare minimum that is expected of Liverpool.
Persons: Klopp, Jordan Henderson, James Milner, Naby Keita, Alex Oxlade, Chamberlain, It's, Alexis Mac Allister, Dominik Szoboszlai, Szoboszlai, Fabio Carvalho, Romeo Lavia, Thiago, Curtis Jones, Harvey Elliott, Trent Alexander, Arnold, Diogo Jota, Luis Diaz, Darwin Nunez, Mohamed Salah, Cody Gakpo, Rohith Nair, Pritha Sarkar Organizations: Liverpool, Premier League's, Champions League, Europa League, Premier League, Anfield, Saudi Pro League, RB Leipzig, Thomson Locations: Liverpool, England's, Saudi, Saudi Arabia, Bengaluru
Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Both benchmarks were on track for a sixth week of gains, their longest streak of weekly gains this year. The Joint Ministerial Monitoring Committee of OPEC+ is unlikely to tweak overall oil output policy at the meeting on Friday, sources have said. But the Saudi Arabian pledge plus comments from Russian Deputy Prime Minister Alexander Novak that it will also cut its oil exports by 300,000 bpd in September have raised concerns about supply and supported prices. Higher borrowing costs for businesses and consumers could slow economic growth and reduce oil demand.
Persons: Brent, WTI, Alexander Novak, John Kirby Organizations: Brent, U.S, West Texas, Organization of, Petroleum, Ministerial, OPEC, White House, Bank of England Locations: Saudi Arabia, Russia, Saudi, OPEC, Russian, United States, U.S
REUTERS/Jennifer Hiller/File PhotoSINGAPORE, Aug 4 (Reuters) - Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of supply as producers cut output and sanctions on Russian crude disrupt trade flows. U.S. crude exports are also easing the loss of supply after Saudi Arabia deepened output cuts from July, above what major producers agreed to in June. The widening exports illustrate the increasing influence of crude from the U.S., the world's biggest oil producer, in the global market. U.S. crude exports have averaged 4.08 million barrels per day so far in 2023, up from an average of 3.53 million bpd in 2022, according to the Energy Information Administration. PRESSURE EXTENDSThe pressure exerted from the WTI Midland exports is even extending to Asian markets for Middle Eastern crude.
Persons: Jennifer Hiller, Brent, it's, Joel Hanley, Rohit Rathod, Adi Imsirovic, John Evans, Muyu Xu, Alex Lawler, Arathy, Florence Tan, Simon Webb Organizations: REUTERS, Midland, P, Energy Information Administration, WTI Midland, United, Dubai, Surrey Clean Energy, Gazprom Marketing, Organization of, Petroleum, Exchange, Futures, Thomson Locations: Texas, U.S, SINGAPORE, Europe, Asia, Saudi Arabia, United Arab Emirates, Midland, Dubai, Africa, Brazil, Singapore, WTI, Saudi, London, Houston
Turkish President Recep Tayyip Erdogan welcomes Saudi Arabia's Crown Prince Mohammed bin Salman Al Saud in Ankara, Turkey, on June 22, 2022. "We thank the Crown Prince and Government of Saudi Arabia for facilitating [the prisoner exchange]," Sullivan wrote in a separate post. "Saudi Arabia and Turkey are good examples of such mid-level powers now helping shape international realities in a way they rarely did during the Cold War." And Turkey, like Saudi Arabia, refuses to partake in sanctions against Russia, irking its Western allies. Saudi Arabian Crown Prince Mohammed bin Salman (R) meets Ukrainian President Volodymyr Zelenskyy (L) in Jeddah, Saudi Arabia on May 19, 2023.
Persons: Recep Tayyip Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman Al Saud, Mustafa Kaya, Russian –, Vladimir Putin, , Recep Tayyip Erdogan of, Crown Prince Mohammed bin Salman, Volodymyr Zelenskyy, Jake Sullivan, Putin, Sullivan, Hussein Ibish, Russia's Putin, Vilius Semeska, Selcuk Bayraktar, Haluk Bayraktar, Ibish, Saudi Arabia's Crown Prince Mohammed bin Salman, Saudi Arabian Crown Prince Mohammed bin Salman, Erdogan, Mohammed bin Salman, Ryan Bohl, Rane, Ayham Kamel Organizations: Saudi Arabia's Crown, Getty, Crown, Russia, Handout, Anadolu Agency, Twitter, Ukraine –, Prince, Saudi, Gulf States Institute, CNBC, NATO, Defence, Baykar, Saudi Arabian Crown, Saudi Foreign Ministry, Getty Images, Ukrainian, Arab, Russo, East, Global, Eurasia Group Locations: Ankara, Turkey, Xinhua, Russian, Russia, Recep Tayyip Erdogan of Turkey, Saudi Arabia, Kyiv, Ukraine, Ukrainian, Saudi, Jeddah, U.S, China, India, Brazil, Washington, Turkey's, Lithuanian, Istanbul, Turkish, , Washington, North Africa, Riyadh, Middle East
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