G20 Summit to Use Saudi Videoconference Platform ‘Boroog’

G20 Summit to Use Saudi Videoconference Platform ‘Boroog’
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G20 Summit to Use Saudi Videoconference Platform ‘Boroog’

G20 Summit to Use Saudi Videoconference Platform ‘Boroog’

In continuation of Saudi Arabia’s successful leadership of the G20 this year, and under the supervision of the G20 Saudi Secretariat, the Saudi Data & AI Authority (SDAIA) has completed its preparations to manage and operate the secure government video conferencing system, Boroog, for the G20 Summit.

The Kingdom will host the summit on Nov. 21-22, under the theme "Realizing the opportunities of the 21st century for all".

Boroog is a secure video conferencing platform managed and operated by SDAIA through one of its executive arms, the National Information Center. It provides effective and efficient virtual meeting services for the Kingdom’s leadership and government entities. The platform also provides the highest levels of safety and reliability and helps reduce operational costs and expenses.

It is worth noting that Boroog has already hosted more than 700 local and international meetings successfully, including the Extraordinary G20 Leaders’ Summit in the Kingdom last March.

The platform is also used to host meetings of the Cabinet, the Council of Economic and Development Affairs, Political and Security Affairs Council, Shura Council, OPEC meetings, and several others held by government and semi-government entities.

Boroog platform comes as a result of the efforts of the young highly qualified national cadres who work continuously to empower government entities through developing their remote communication with different local and international entities. This fulfills one of the most prominent objectives for which the platform was established, ensuring business continuity support.



Oil Prices Ease as Traders Assess US Tariffs and OPEC+ Output Boost

A drone view shows a portion of the crude oil tank farm in Midland, Texas, US June 11, 2025. REUTERS/Eli Hartman/File Photo
A drone view shows a portion of the crude oil tank farm in Midland, Texas, US June 11, 2025. REUTERS/Eli Hartman/File Photo
TT
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Oil Prices Ease as Traders Assess US Tariffs and OPEC+ Output Boost

A drone view shows a portion of the crude oil tank farm in Midland, Texas, US June 11, 2025. REUTERS/Eli Hartman/File Photo
A drone view shows a portion of the crude oil tank farm in Midland, Texas, US June 11, 2025. REUTERS/Eli Hartman/File Photo

Oil prices retreated on Tuesday, having climbed almost 2% in the previous session, as investors assessed the latest developments on US tariffs and a higher than expected increase to OPEC+ output for August.

Brent crude futures fell 12 cents, or about 0.2%, to $69.46 a barrel by 1043 GMT. US West Texas Intermediate crude lost 25 cents, or about 0.4%, to $67.68.

US President Donald Trump began telling trade partners on Monday that sharply higher US tariffs will start on August 1, though he later said that deadline was not 100% firm.

Trump's tariffs have raised uncertainty across the market and concerns that they could have a negative effect on the global economy and oil demand.

While prices seem to be pressured by OPEC+ unwinding its voluntary output cuts, tightness in middle distillates and Houthi attacks on cargo ships are supporting the market, said Rystad analyst Janiv Shah.

On Saturday the OPEC+ group comprising the Organization of the Petroleum Exporting Countries and its allies agreed to raise production by 548,000 barrels per day (bpd) in August, exceeding the 411,000 bpd increases in the previous three months.

Investors were bullish heading into the peak summer demand period in the United States, however, with data from the US Commodity Futures Trading Commission on Monday showing money managers raised their net-long futures and options positions in crude oil contracts in the week to July 1.

Once oil demand declines seasonally, the increase in OPEC+ exports will hit the market, raising downside risks to prices, HSBC analysts said in a note.

Analysts at Commerzbank expect the price of Brent to fall to $65 a barrel on the emerging oversupply in the autumn months.

The decision by OPEC+ removes nearly all of the 2.2 million bpd of voluntary cuts made by the group since 2023.

The producer group is set to approve an increase of about 550,000 bpd for September when it meets on August 3, according sources told Reuters, which would unwind all of the cuts.