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By On June 19, 2018

World Cup 2018: Saudi Arabia team plane 'catches fire' mid-flight

The plane carrying Saudi Arabia‘s World Cup football squad suffered an apparent engine fire in mid-air.

The Airbus A319 was flying from St Petersburg to Rostov-on-Don ahead of the Saudis’ second Group A match against Uruguay when the drama unfolded.

Saudi Arabia, who are making their first appearance at the World Cup since 2006, suffered the biggest defeat in the tournament so far when they were thrashed 5-0 by hosts Russia in the opening game in Moscow on Thursday.

Social and Saudi media footage appeared to show one of the engines catching fire. Russia’s aviation watchdog Rosaviatsya said that during the landing there was a brief fire on one of the engines and that it would investigate the incident, Interfax reported.

Nonetheless, a spokesman for airline Rossiya denied a fire had occurred and said the fault was due to a bird strike. As it came in to land, the plane “suffered a technical fault with one of its engines, with a bird getting caugh t seen as the preliminary cause,” a spokesman said in a statement.

Reports of a fire in one of the engines were incorrect, the spokesman added.

“Nothing threatened the safety of the passengers. The aircraft’s landing took place in a routine fashion. No warning was sounded during the landing.”

Videos shared on social media purported to show the Saudi team’s plane with its wing on fire while it was in the air.

The footage, which could not be verified independently, was shared by civil aviation monitoring website Airlive.net, which said the fire broke out on the approach to Rostov airport.

A video on the social media account of Saudi local paper Al Yaum showed flames issuing from under the plane’s starboard wing against the dark backdrop of the sky, with the wing glowing in flickering, bright orange light.

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And a photograph shared by state-owned Saudi television channel al-Ekhbariya, also taken from inside the plane, showed a flame shooting out from under the wing just as it was touching down on the landing strip.

The Saudi federation released photographs of the players s miling and looking calm as they boarded a bus for the Mercure Hotel in central Rostov.

“All the Saudi national team players are safe, after a technical failure in one of the airplane engines ... and now they’re heading to their residence safely,” it said in a statement on Twitter.

“I want to reassure you that we got to Rostov safely, it was a simple technical fault in the airplane but thank God we are now in the hotel and things are good,” Osama Hawsawi, captain of the Saudi team, said in a video shared on social media.

“The whole delegation is well,” midfielder Hattan Bahebri said in a video shared on the team’s official Twitter page. “Of course, we were a bit frightened, but thank God,” he added, laughing.

Reuters

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Source: Google News Saudi Arabia | Netizen 24 Saudi Arabia

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By On June 19, 2018

Saudi Arabia, Russia, other oil producers face 'dicey' decision that could rock oil market

Khalid Bin Abdulaziz Al-Falih, Saudi Arabia's energy minister and president of OPEC, speaks as Alexander Novak, Russia's energy minister, left, listens during a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017.Akos Stiller | Bloomberg | Getty Images Khalid Bin Abdulaziz Al-Falih, Saudi Arabia's energy minister and president of OPEC, speaks as Alexander Novak, Russia's energy minister, left, listens during a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017.

OPEC is expected to agree to open its spigots at what could be a contentious meeting, and the very process of adding more supply to the global oil market could create fresh volatility around oil prices.

The Organization of Petroleum Exporting Countries meets this week in Vienna and holds a formal meeting Friday. OPEC members are expected to agree to raise production, ahead of a meeting with Russia and other non OPEC producers, where they would seal the deal.

Already, OPEC members do not all agree on how much oil should be returned to the market, and Russia also apparently has its own view, stating over the weekend that OPEC would consider returning 1.5 million barrels to the market for the third quarter only, when demand is high.

Credit Suisse analysts said in a re port on Sunday, "Importantly, OPEC needs a consensus of all members to officially change its output policy, leading some to believe it may end in a 'broken meeting.'"

Analysts say Saudi Arabia would like to initially return just 500,000 and watch the market before adding more, while Iran and Venezuela want to keep the status quo.

"There's a big push to get more oil on the market in this Q3 period, so they can avoid a price spike and tightness in the market," said John Kilduff of Again Capital. Oil use inside of Saudi Arabia rises sharply in the summer months, as the kingdom burns crude to meet its higher electricity demand and it typically sends less to the world market. That coincides with the tail end of the U.S. summer driving season, another big period for stronger demand.

Oil prices have already been swinging ahead of the OPEC meeting. Brent crude, the international benchmark, rose above $75 per barrel on Monday, a gain of better than 2.7 percent, after falling sharply on Friday. Oil moved higher on a news report that OPEC could raise production by 300,000 to 600,000 barrels a day, less than many expected.

"Here they are moving into summer term, which is a high-demand quarter, and now they want to basically make sure that the decision that they make in the June meeting does not involve basically taking oil prices once again towards $80 or above because that could potentially basically counteract what they had initially done, [which] was to balance the market," said Abhishek Deshpande, J. P. Morgan's senior oil analyst, on CNBC's Power Lunch.

OPEC has to walk a careful tig htrope on oil prices, because if they are too high, demand could fall off.

Analysts who watch OPEC also don't agree on how much oil could come back on the market. Macquarie Research said the events in Vienna this week could be bearish, or negative for oil , and it expects an 800,000 barrel a day increase in production, which could dent prices by $2 to $4 a barrel. There could be a $6 to $8 decline if 1 million barrels a day were returned instead, they added.

"In our view, any production increase effectively signals that the cuts have an end date. In
contrast, our recent discussions with clients indicated a growing view that the cuts
may last through 2019 and perhaps beyond 2020," the Macquarie analysts wrote, noting that forecasts could have to change to include more barrels in production.

Goldman Sachs, on the other hand, said this week could bring on a bullish, or positive, surprise for oil prices. It expects OPEC and Russia to agree to put 1 million barrels a day back into the market in the second half of the year.

Goldman said the market is implying a 4 percent move in Brent prices between Friday, when OPEC meets, and the following Monday, after OPEC, Russia and others meet Saturday. Brent is sometimes more responsive to OPEC than U.S. West Texas Intermediate, though it often moves in tandem. WTI was up 1.1 percent at $65.79 a barrel Monday.

"Despite little clarity on the outcome of this meeting, this implied move is in line with the average of the past nine OPEC meetings, including three meetings since 2016 that were unconsequential. This suggests that the option market may be underpricing the eve nt risk," the Goldman analysts wrote.

Credit Suisse analysts said in their report that, given President Donald Trump's complaint about high oil prices, "We could see a release of reserves from the Strategic Petroleum Reserve (bearish), particularly in front of Nov elections."

In December, 2016, OPEC and Russia, and other producers, struck an unprecedented agreement to remove 1.8 million barrels a day from the world market to steady prices and end a staggering oil glut. That plan succeeded in wiping out the oversupply and sending prices of Brent crude to as high as the low $80s a barrel.

But the steps to reverse that will be tricky. As OPEC, responsible for 40 percent of world oil supply, and Russia, the world's largest producer, look to move away f rom the deal, they will have to carefully calibrate the changes against a list of variables.

For instance, there is an anticipated loss of supply coming in the next couple of months from Iran as the U.S. reimposes sanctions, and Venezuela's production continues to deteriorate. Iran could be down as much as 500,000 barrels a day by the end of the year.

At the same time, global demand is strong and rising, but analysts differ on how much it is increasing. Meanwhile, the U.S. is a wild card, increasing production continuously, and output could reach 11 million barrels a day soon. The U.S. has already surpassed Saudi Arabia to become the world's second largest producer.

"Most definitely it's not unified right now. I think the bigger players are the stronger players,&q uot; said Deshpande. Both Russia and Saudi Arabia, which helped bring Russia into the OPEC deal, say the Russian relationship will be "institutionalized." The leaders of Saudi Arabia and Russia met last week on the sidelines of the World Cup ahead of this week's meetings.

"Saudi Arabia and Russia clearly see the bigger picture," he said. "They do want to bring in those extra barrels, which have to help balance otherwise a decline seen from Venezuela, Angola or even potentially what you might see from Iran in the future."

Kilduff said the discipline shown by OPEC in making the supply cuts may not be repeated when they try to return oil to the market.

"They always overshoot with this stuff, and when they get too cute by putting out these arbit rary time frames, they usually burn themselves, and the market forces their hand and they have to react," said Kilduff. "This is when it gets dicey."

Kilduff speculated that OPEC countries alone could return 500,000 and Russia could separately add a few hundred thousand barrels.

Francisco Blanch, global head of commodities and derivatives research at Bank of America Merrill Lynch, said he expects OPEC to slowly return oil to market, adding just 200,000 barrels a day every quarter through the end of next year.

Blanch said that would support prices because of the slight deficit in the market.

Macquarie even with its forecast for 800,000 barrels, says a 500,000 barrels a day deficit expected in the third q uarter would shrink to 300,000 barrels per day.

Analysts have varied views on demand as well. The International Energy Agency puts demand at 1.4 million barrels a day for this year and same as next year.

But Goldman analysts see higher demand growth, at 1.75 million barrels a day this year.

But they note with the anticipated decline by some producers that would leave the production gain at 45 million barrels a day, even with the anticipated 1 million barrels a day restored to the market.

Source: Google News Saudi Arabia | Netizen 24 Saudi Arabia

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By On June 19, 2018

Saudi Arabia national team dismisses mid-flight airplane fire as 'merely an accident'

Saudi Arabia’s 2018 World Cup got off to a rough start in a 5-0 loss to Russia in its opening game. And, then, things got even worse; the team’s plane caught fire en route to Rostov-on-Don for a Wednesday game against Uruguay.

Fortunately for all parties, the flight landed safely with no reported injuries. Video taken from the flight showed flames shooting out from underneath the ailerons of the right wing â€" an area devoid of fire on typical flights.

Saudi Arabia officials, to their credit, remained remarkably calm about the whole incident.

According to the Saudi Arabian Football Federation, all the Saudi national team players have arrived safely in Rostov-on-Don this afternoon to play against Uruguay, and currently are staying in their residence, and that the fire was merely an accident.

...

“merely an accident.”

“MERELY AN ACCIDENT.”

Leaving your carry on at the gate is merely an accident. Falling asleep and missing the beverage service is merely an accident. SAUDI ARABIA’S PLANE CAUGHT ON FIRE (kinda) AND NO ONE WAS SHAKEN UP ENOUGH TO EVEN RAISE THEIR VOICE. Players from the Kingdom of Saud brushed this off with all the urgency of someone who’d been awakened from a mid-flight nap by the drink cart.

If I were playing for Uruguay, I would be extremely concerned about Wednesday’s opponent. Even if they already lost to Russia by five goals.

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By On June 19, 2018

World Cup: Saudi Arabia team safe after airplane scare involving an engine failure in Russia

World Cup: Saudi Arabia team safe after airplane scare involving an engine failure in Russia

The team posted a release on Monday assuring everyone on board landed safely before Wednesday's game

  • @skiverK9
  • • 1 min read

The Saudi Arabia national tam suffered a scare on its flight to Rostov-on-Don for its second match of the World Cup against Uruguay. Due to what the team called in a statement a "technical failure in one of the airplane engines," the team's flight reportedly caught on fire in midair. In a statement, the team assured soccer fans that it was safe, although it was almost assuredly a little shaken.

The team has released several short statements on the incident:

"According to the Saudi Arabian Football Federation, all the Saudi national team players have arrived safely in Rostov-on-Don this afternoon to play against Uruguay, and currently are staying in their residence, and that the fire was merely an accident," one of the statements said.

Per the team, the plane was provided by the International Air Transport Association, which organizes transportation for teams in the Cup. The team also released photographic evidence that its players are, in fact, safe as they de-boarded from their plane in Rostov-on-Don.

Saudi Arabia, which lost its first match against Russia 5-0 in the World Cup's opening match, will square against Uruguay on Wednesday. Uruguay played to a 1-0 win over Egypt in its opening match, drawing itself to a 3-3 points tie with Russia in Group A.

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