Saudi Arabia extends Riyadh airport suspension

October 12, 2026 7:48 PM

Saudi Arabia extends Riyadh airport suspension

Saudi Arabia has extended the suspension of operations at King Khalid International Airport in Riyadh as authorities continue safety inspections following deadly attacks over the weekend. Saudi Arabia also reported a fresh threat involving drones and cruise missiles on Monday. The General Authority of Civil Aviation (GACA) said the suspension would remain in place while procedures to verify the safety and operational readiness of airport facilities were completed in coordination with the releva...

OPEC+ extends oil output cuts into 2025

June 3, 2024 4:31 PM

OPEC+ extends oil output cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Brent crude oil prices have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets. Worries over slow demand growth in top oil importer China have weighed on prices alongside rising oil stocks in developed economies. The Organization of the ...