The Gulf kingdom, the world's biggest crude exporter, had planned for a surplus of 16 billion Saudi riyals ($4.27 billion) in 2023 but now predicts a deficit of 82 billion Saudi riyals ($21.86 billion), or two percent of GDP, according to the ministry's pre-budget statement. A deficit of 79 billion...
US enters into deal with Canada on illegal migration during Biden trip
Face-to-face talks between Biden and Trudeau covered a range of areas where both sides are pushing for improvements. A joint statement said that Biden and Trudeau agreed to modernizing their countries' joint air defense alliance, NORAD, with Canada putting billions of dollars into improved radar and fighter aircraft infrastructure.
Aramco reports bumper profits
It posted $161bn profits last year on high oil prices.
Russia-Germany oil pipeline partly shut after leak: operator
The Druzhba (Friendship) pipeline network was started in the 1960s and now covers 5,500 kilometres, pumping oil from the Urals to Europe through two main branches via Belarus and Ukraine. The leak on the Druzhba pipeline comes after four leaks were discovered in the undersea Nord Stream gas pipelines from...
US First Lady Biden makes unannounced visit to Ukraine
"I wanted to come on Mother's Day" said Jill Biden while telling reporters that people from US support people of Ukraine in the war against Russian invasion.
