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Saudi Arabia Says It Won’t Cut Oil Output

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Saudi Arabia's Oil Minister al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna

Saudi Arabia said on Sunday that it would not cut output in order to prop up oil markets even if non-OPEC nations did so, it said this in one of the toughest signals yet that the world’s top petroleum exporter plans to ride out the market’s biggest slump in years. Reuters report:

Referring to countries outside of the Organization of the Petroleum Exporting Countries (OPEC), Saudi Oil Minister Ali al-Naimi told reporters: “If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut.”

He added he was “100 percent not pleased” with prices but they would improve, although it was unclear when.

He blamed the fall in prices to half their levels of six months ago on speculators and what he called a lack of cooperation from non-OPEC producers.

His remarks at a conference in Abu Dhabi marked the second time in three days that the kingdom has signaled that it would not alter output levels, preferring to allow the market to stabilize on its own.

The determined tone of his comments was echoed by some other Arab oil ministers at the conference in the United Arab Emirates (UAE) capital.

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US Election: Trump Claims Victory Hours After Saying Biden Won

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US Election: Trump Claims Victory Hours After Saying Biden Won

Donald Trump

The President of the United States, Donald Trump, has declared himself the winner of the US Election 2020.

President Trump declared himself the winner of the US election in a tweet on Monday morning, November 16 by simply tweeting: “I won the election.”

Also Read: US election: Trump says Biden won but again refuses to concede

This came hours after he tweeted that his opponent Joe Biden “won because the election was rigged.”

The latest vote tallies project Democratic candidate, Biden a clear winner in the state-by-state Electoral College that decides the presidency, with 306 votes against Trump’s 232.

However, President Trump has remained defiant, continuously claiming he won the election free and fair.

US election: Trump claims victory hours after saying Biden won

 

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Former Ghana President, Jerry Rawlings Is Dead

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Former Ghana President, Jerry Rawlings Is Dead

Jerry Rawlings

Jerry Rawlings, a former Ghanaian president has reportedly died from suspected COVID-19 complications.

The former Ghanaian leader died at Korle-Bu Teaching Hospital in Accra, capital of Ghana on Thursday morning.

Rawlings led the country first as a military ruler and then as a democratically elected president between 1981 and 2001.

Also Read: FG Owes 3,504 Contractors, Fashola Tells National Assembly

Rawlings initially rose to power in Ghana as a flight lieutenant in the Ghana Air Force, following a coup détat in 1979.

After initially handing power over to a civilian government, he took control again in December 1981 as Head of State.

He was re-elected in 1996 for four more years.

Rawlings left office in 2000 after exhausting Ghana’s constitutional term-limit of eight years for Presidents.

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US Election Is Far From Over — Trump

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US Election Is Far From Over — Trump

Donald Trump

U.S. President Donald Trump has refused to concede after his Democratic challenger, Joe Biden, secured the required number of electoral college votes to win the presidential race.

Shortly after Biden was projected winner, Trump in a defiant statement expressed that the election was “far from over” and criticised Biden for “rushing to falsely pose as the winner.”

“Biden has not been certified as the winner of any states, let alone any of the highly contested states headed for mandatory recounts, or states where our campaign has valid and legitimate legal challenges that could determine the ultimate victor.

Also Read: Joe Biden Defeats Trump To Win US Presidential Election

“Legal votes decide who is president, not the news media.

“Beginning Monday, our campaign will start prosecuting our case in court to ensure election laws are fully upheld and the rightful winner is seated.

“The American people are entitled to an honest election, that means counting all legal ballots, and not counting any illegal ballots,” Trump said.

 

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