Saudi Arabia regains position as world’s top oil exporter

Workers at an Aramco onshore rig. Saudi Arabia exported nearly 11 million barrels of oil per day in April. (Aramco)
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Updated 17 June 2020
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Saudi Arabia regains position as world’s top oil exporter

  • Kingdom knocks US off top spot it gained last year
  • IEA forecasts less dramatic fall in demand

DUBAI: Saudi Arabia has emerged from three months of oil market volatility as the world’s biggest oil exporter once more, knocking the US off the top slot it gained last year.

Industry experts calculated that in April — when oil prices crashed because of pandemic lockdowns — the Kingdom exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.

Both countries’ exports fell in May, after the historic OPEC+ deal to cut output, but the Kingdom was still ahead.

The trend is likely to continue for most of this year, as American production suffers from shut-ins and bankruptcies in its price-sensitive shale oil operations, despite continuing Saudi cuts.

“Over the course of the second quarter of 2020 as a whole Saudi Arabia ought to easily stay ahead of the chasing pack,” said the Middle East Economic Survey, which published the figures compiled by industry experts.

The US overtook Saudi Arabia as the world’s top exporter in the middle of last year. Since the price of the US benchmark, West Texas Intermediate, collapsed in April, many shale producers have cut back on their “rig count” and some have filed for bankruptcy.

Oil prices shrugged off weekend worries over a possible second wave of virus infection in China. Brent crude, the global benchmark, rose back above $40, while West Texas Intermediate stood at $37.

A report from the International Energy Agency forecast a less dramatic fall in 2020 oil demand than expected. Demand would be 91.7 million barrels per day, about 500,000 more than the agency’s previous forecast, but still the biggest fall in history. There would be no recovery in pre-pandemic air fuel demand until 2022 because of the “dire situation” in the aviation industry, the IEA said.

In China, oil demand had recovered fast in March and April, and Indian demand rose sharply in May. “While the oil market remains fragile, the recent modest recovery in prices suggests that the first half of 2020 is ending on a more optimistic note,” the agency said.

“Initiatives in the form of the OPEC+ agreement and the meeting of G20 energy ministers have made a major contribution to restoring stability to the market.”

The joint ministerial monitoring committee of the OPEC+ alliance meets at the end of this week to assess compliance with agreed cuts, amid some speculation that they could be extended for at least another month.


Erdogan accuses Israel of seeking to ‘dynamite’ Syria ‘revolution’

Updated 11 min 33 sec ago
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Erdogan accuses Israel of seeking to ‘dynamite’ Syria ‘revolution’

  • Turkish president says Israel is turning minorities in Syria against the government

ANTALYA: Turkish President Recep Tayyip Erdogan on Friday accused Israel of sowing divisions in Syria in a bid to “dynamite” the “revolution” that toppled strongman Bashar Assad.
Turkiye is a key backer of Syria’s new leader Ahmed Al-Sharaa whose Islamist group Hayat Tahrir Al-Sham (HTS) led the rebel coalition which ousted Assad in December.
“Israel is trying to dynamite the December 8 revolution by stirring up ethnic and religious affiliations and turning minorities in Syria against the government,” Erdogan told a diplomacy forum in the southern Mediterranean resort of Antalya.
Erdogan’s comments come as officials from Turkiye and Israel began talks this week aimed at easing tensions over Syria.
Israel has launched air strikes and ground incursions to keep Syrian forces away from its border.
“Israel is turning into a problematic country that directly threatens the stability of the region, especially with its attacks on Lebanon and Syria,” Erdogan said.
He also said Israeli strikes were denting efforts to combat the Daesh jihadist group.


Pakistan, China agree to boost air force ties with joint drills, tactical training

Updated 34 min 38 sec ago
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Pakistan, China agree to boost air force ties with joint drills, tactical training

  • The two countries reaffirm commitment to revitalizing military ties during Pakistan air chief’s Beijing visit
  • The air chief invites Chinese firms to collaborate on drones, electronic warfare and space programs

ISLAMABAD: Pakistan and China have agreed to enhance cooperation between their air forces, focusing on joint exercises and advanced tactical training, during a visit by the Pakistani air chief to Beijing, according to an official statement released on Friday.
The two countries maintain close defense, diplomatic and economic relations. Their strategic partnership is exemplified by their collaboration on the JF-17 Thunder fighter jets, co-developed by Pakistan Aeronautical Complex and China’s Chengdu Aircraft Corporation. The aircraft has been inducted into Pakistan’s fleet and exported to countries including Myanmar, Nigeria, and Azerbaijan.
The Pakistan military’s media wing, Inter-Services Public Relations (ISPR), said in a statement that Air Chief Marshal Zaheer Ahmed Baber Sidhu held a meeting with China’s Defense Minister Admiral Dong Jun wherein both officials reaffirmed the joint commitment of the two countries to revitalize the existing bilateral military ties strategic cooperation.
“Both sides agreed on enhancing Air Force-to-Air Force cooperation, particularly through complex and aggressive tactical-level scenarios during aerial exercises,” the ISPR said. “The cooperation is aimed at addressing challenges in multiple domains during joint exercises, equipping air and ground crew of both Air Forces with the skills necessary to counter modern Air and Space Warfare challenges effectively.”
During his visit, the Pakistani air chief also met with China’s Air Force Commander General Chang Dingqiu and Major General Cao Xiaojian, Director General of the Bureau of Military Equipment and Technical Cooperation.
Sidhu’s conversation with the Chinese officials focused on technology transfer and collaborative development of advanced military hardware.
He also invited Chinese defense companies to participate in its National Aerospace Science & Technology Park, offering incentives for developing projects in unmanned aerial systems, electronic warfare and space programs.
The air chief’s visit underscored the strategic partnership between Pakistan and China, which extends beyond defense to include economic initiatives like the China-Pakistan Economic Corridor.


Trump envoy in Russia for talks with Putin about Ukraine

Updated 56 min 17 sec ago
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Trump envoy in Russia for talks with Putin about Ukraine

  • Steve Witkoff met also with Kirill Dmitriev, Putin’s investment envoy, in St. Petersburg
  • Kremlin plays down the planned Witkoff-Putin meeting

MOSCOW: US President Donald Trump’s special envoy Steve Witkoff flew to Russia on Friday for talks with President Vladimir Putin about the search for a peace deal on Ukraine, the Kremlin said, saying the two men might also discuss a Trump-Putin meeting.
The Izvestia news outlet released video of Witkoff leaving a hotel in Russia’s second city St. Petersburg, accompanied by Kirill Dmitriev, Putin’s investment envoy.
Witkoff has emerged as a key figure in the on-off rapprochement between Moscow and Washington amid talk on the Russian side of potential joint investments in the Arctic and in Russian rare earth minerals.
Putin was also in St. Petersburg on Friday to hold what the Kremlin called an “extraordinarily important” meeting about the development of the Russian Navy, which is in the throes of a major modernization and expansion drive.
Kremlin spokesman Dmitry Peskov played down the planned Witkoff-Putin meeting, telling Russian state media the US envoy’s visit would not be “momentous” and that no breakthroughs were expected.
The meeting will be their third this year and comes at a time when US tensions with Iran and China — two countries with which Russia has close ties — are severely strained over Tehran’s nuclear program and a burgeoning trade war with Beijing.
Witkoff is due in Oman on Saturday for talks with Iran over its nuclear program after Trump threatened Tehran with military action if it does not agree to a deal. Moscow has repeatedly offered its help in trying to clinch a diplomatic settlement.
Putin and Trump have spoken by phone but have yet to meet face-to-face since the US leader returned to the White House in January for a second four-year term.
US and Russian officials said they had made progress during talks in Istanbul on Thursday toward normalizing the work of their diplomatic missions as they begin to rebuild bilateral ties.
However, US-Russia dialogue aimed at agreeing a ceasefire ahead of a possible peace deal to end the war in Ukraine appears to have stalled over disagreements around the conditions for a full pause in hostilities.
Trump, who has shown signs of losing patience, has spoken of imposing secondary sanctions on countries that buy Russian oil if he feels Moscow is dragging its feet on a Ukrainian deal.
A February meeting between Witkoff and Putin culminated with the US envoy flying home with Marc Fogel, an American teacher Washington had said was wrongfully detained by Russia.
A Russian-American spa worker Ksenia Karelina, who had been sentenced to 12 years in prison in Russia, was exchanged on Thursday for Arthur Petrov, whom the US had accused of forming a global smuggling ring to transfer sensitive electronics to Russia’s military.
The US lists several Americans — some dual citizens — who are in jail in Russia, including Stephen Hubbard, another teacher whom Washington has officially declared as wrongfully detained.


Etihad Airways announces new Peshawar route, expanding Pakistan network

Updated 11 April 2025
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Etihad Airways announces new Peshawar route, expanding Pakistan network

  • Five weekly flights to Peshawar will launch in September, increasing to daily service from November
  • Peshawar will become Etihad’s fourth gateway to Pakistan and its sixteenth new destination in 2025

ISLAMABAD: Etihad Airways said this week it would launch a new route to Pakistan’s northwestern Peshawar city in September as part of a broader expansion of its global network.
The route will link Abu Dhabi’s Zayed International Airport with Bacha Khan International Airport in Peshawar starting September 29.
Etihad, the national carrier of the United Arab Emirates, already operates flights to Karachi, Lahore and Islamabad, making Peshawar its fourth nonstop destination in Pakistan.
“We are thrilled to further expand our presence in Pakistan with the launch of our daily service between Abu Dhabi and Peshawar,” Antonoaldo Neves, the airline’s chief executive officer, said.
“This new route reflects our commitment to providing vital connectivity for travelers between Pakistan and the Gulf, Africa, Europe and North America,” he added.
Etihad will initially operate the route five times a week using Airbus A320 family aircraft, with daily service beginning November 22. The aircraft will feature eight Business Class and 150 Economy Class seats.
The announcement comes amid a busy year for the airline, which has added 16 new destinations in 2025, including Prague, Warsaw, Algiers, Tunis, Atlanta and Addis Ababa.
Etihad is also boosting frequency to Karachi to 17 flights a week starting October 1 and expanding service to major European cities such as Paris, Milan and Frankfurt.
Passengers traveling through Abu Dhabi will also have access to the airline’s Stopover program, offering up to two complimentary nights at premium hotels in the UAE capital.


Saudi Foreign Minister says aid entry to Gaza cannot be linked to ceasefire

Updated 7 min 11 sec ago
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Saudi Foreign Minister says aid entry to Gaza cannot be linked to ceasefire

  • Prince Faisal bin Farhan said international community must pressure Israel to allow aid deliveries
  • Spoke at joint press conference in Antalya after Arab-Islamic ministerial meeting on Gaza ceasefire

ANTALYA: Saudi Arabia’s Foreign Minister Faisal bin Farhan said on Friday aid entry to Gaza cannot be linked to a ceasefire.

Prince Faisal also said the international community must pressure the Israeli government to allow aid deliveries to Gaza. 

The Saudi minister was speaking at a joint press conference in Antalya following a meeting of the Arab-Islamic Ministerial Committee on a Gaza ceasefire.

The summit discussed the developments in the enclave, as well as efforts to achieve an immediate and sustainable ceasefire.

The Saudi minister said any displacement of Palestinians is categorically rejected. He added that the Kingdom appreciated the efforts of Egypt and Qatar in the ceasefire negotiations.

Prince Faisal said the people of Gaza were being “deprived of the most basic necessities of life,” and held international community responsible for the deteriorating humanitarian situation.

The meeting also emphasized the need for efforts to continue to enable the Palestinian people to exercise their inherent rights. 

The minister also condemned Israeli violations of international law in the West Bank, including settlement expansion, home demolitions, and land seizures.