The UAE's Federal Authority for Nuclear Regulation (FANR) and Saudi Arabia's Nuclear and Radiological Regulatory Commission (NRRC) have agreed to cooperate in nuclear and radiation regulatory matters, and to form topical working groups.

Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.

Dhahran, Saudi Arabia, November 3, 2020 – The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its financial results for the third quarter of 2020.

OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,

Gross Domestic Product (GDP) of Saudi Arabia contracted by 7.0% in real terms in the second quarter of 2020.

Low oil prices and the COVID-19 pandemic are taking a toll on Saudi Arabia's economy and budget

The Committee reviewed the crude oil production data for August 2020 and welcomed the positive performance in overall conformity for participating OPEC and non-OPEC countries of the DoC, which was recorded at 102% in August 2020, including Mexico as per the secondary sources.

Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.

The Saud Electricity financing is a 7-year medium-term facility and is unsecured syndicated borrowing.

OPEC+ underscored the fragility of the market and significant uncertainties, particularly associated with oil demand, and called for vigilance by all participating countries.