The reports come against the backdrop of falling oil prices and months of severe market volatility.
Once traditional allies of the US in the Middle East are now turning their backs on Washington and cozying up to Moscow and Beijing in a significant shift of loyalties.
OPEC+ says in a statement that it has decided to reduce output by 100,000 barrels per day in October, returning to the production level of August.
Petroleum exporting states and allies will meet with the aim to keep current output levels or even cut production to bolster prices, despite supplies remaining tight.
OPEC is considering cutting output to offset any increase from Iran if the nuclear deal is reinstated.
Crown Prince Sheikh Meshal al Ahmad al Sabah dissolved parliament earlier this month saying domestic politics were being "torn by disagreement and personal interests" to the detriment of the country.
Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.
US and Saudi Arabia signed 18 agreements to boost bilateral and regional cooperation during Joe Biden's visit to the kingdom.
Mohammad Barkindo died in his home country Nigeria after 40 years of service to the organisation.
White House praises King Salman and Crown Prince Mohammed bin Salman for their roles in the ceasefire extension in Yemen's war, ahead of President Biden's expected visit to Riyadh.
The move offers modest relief for a global economy suffering from soaring energy prices and the resulting inflation.
Growing regional ties and cooperation are leading rapid economic recovery for Algeria and Türkiye, despite nearly two years of pandemic disruption and market volatility.
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