The move was initiated by industry giant Saudi Arabia which is cutting prices for October shipments in an effort to support market demand for both its Asian and American customers.
Commander of the Joint Forces of the Saudi-led coalition fighting in Yemen Fahad bin Turki bin Abdulaziz and Deputy Governor of Al-Jouf Region Abdulaziz bin Fahad bin Turki bin Abdulaziz were relieved of their duties and put under investigation
Prince Faisal says peace must be achieved with the Palestinians on the basis of international agreements as a pre-condition for any normalisation of relations
No cash transaction took place through Hajj/Umrah movement owing to a limited Hajj this year and ban on Umrah in place amid COVID-19, which pushed people towards using formal channels.
The Ministry of Finance said that the deferred oil payment facility from Saudi Arabia expired on July 9 this year and a request to extend the agreement was being considered with Saudi Arabia.
"The coronavirus pandemic has put a lot of pressure on the Saudi economy. The way oil prices have fallen is a historical fact, it has affected their economy," said Qureshi, while talking to local media.
The Saudi-led coalition said earlier on Friday it intercepted and destroyed four explosive-laden drones launched by the group in direction of Saudi Arabia.
Prayers were also allowed to resume in mosques in the holy city of Mecca, state media reported, just weeks before the annual hajj pilgrimage is due to start.
Investigators suspect the French of having paid some 327 million euros in bribes to facilitate the deals, triggering some 13 million euros in kickbacks.
US shale oil output was hit hard by the price war and the slump in crude demand worldwide, with estimates suggesting a loss of around 1.3-1.5 million bpd in production.