Saudi Oil Price Cut Is a Market Shock With Wide Tremors Oil producers in the United States and other nations brace for lower revenue, reduced investment and job losses as a global glut is compounded.
Saudi Arabian authorities detained a brother and a nephew of Saudi King Salman in a move that extends a crackdown on royal relatives by his son Crown Prince Mohammed bin Salman.
Prince Mohammed bin Nayef and Prince Ahmed bin Abdulaziz al Saud were arrested on Friday and accused of treason, a person familiar with the matter said. Prince Mohammed’s brother, Nawaf, was also detained with him at a desert camp, the person said.
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