Saudi Arabia was not the source of a proposal to cut oil production that Russia was studying, al-Arabiya television reported on Sunday, quoting an unnamed Saudi source. But the kingdom, Continue Reading
Saudi officials are offering as much as 7 million riyals ($1.9 million) for information that would help foil militant attacks. Authorities will pay a 1 million riyal-reward to anyone who “provides Continue Reading
The death toll from a suicide attack in Damascus on Sunday that was claimed by the Islamic State militant group has risen to more than 70, the Syrian Observatory for Continue Reading
A collapse in the price of oil, which accounts for more than 90 percent of the Iraqi government’s revenue, points to even tougher times ahead. Credit Essam Al-Sudani/Reuters BAGHDAD — Continue Reading
The game being played in the global oil market today bears more than a passing resemblance to poker. Nobody wants to quit while they’re losing. That is important for investors Continue Reading
Saudi Arabia on Sunday announced the formation of an independent group to investigate claims of airstrikes that have led to civilian deaths in Yemen , where the kingdom has led Continue Reading
There was panic yesterday among indigenes of coastal communities of Brass Local Government Area of Bayelsa State following explosions from Oil Pipelines owned by Nigerian Agip Oil Company (NAOC). The Continue Reading
Nigeria’s government is in talks for concessionary loans worth $3.5 billion from the World Bank and African Development Bank to help finance a planned record budget this year, Finance Minister Continue Reading
Venezuela’s Oil Minister Eulogio Del Pino faces an uphill battle persuading Russia and Saudi Arabia to cooperate in cutting oil production amid a supply glut that has pushed prices down Continue Reading
It’s probably no coincidence that Saudi Aramco [SDABO.UL] revealed it is in advanced talks to buy stakes in Chinese refineries just as data came out showing that Russia toppled Saudi Continue Reading
