Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, according to people familiar with the matter, buying assets it perceives as undervalued Continue Reading
Under its effective leader, firebrand ultra-nationalist cleric Moqtada al-Sadr, Iraq is theoretically committed to not allowing itself to become overly dependent on any one country. That was the rallying call Continue Reading
Saudi Arabia has nearly completed construction of its first nuclear reactor, sparking fears about the country’s quest for nuclear power. New satellite images, first published by Bloomberg , show construction Continue Reading
On the final day of March, the supertanker Newton, loaded with crude from Saudi Arabia, did something rarely seen in the world of oil trading: it abruptly diverted from its Continue Reading
The Saudi-led coalition fighting Yemen’s Iran-aligned Houthi movement will announce at midnight on Wednesday it is halting military operations nationwide to support a U.N. ceasefire initiative, three sources familiar with Continue Reading
Oil demand in the world’s third-biggest consumer has collapsed by as much as 70% as India endures the planet’s largest national lockdown, according to officials at the country’s refiners. The estimate for Continue Reading
Outside of Saudi Arabia and Russia, most oil producers are racing to deal with the historic oil price collapse by cutting back spending and in some cases production. But Mexico’s Continue Reading
Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only provide diesel, according Continue Reading
BEIJING (Reuters) – China’s March passenger car sales fell 40.8 percent from a year earlier to 1.08 million units, the China Passenger Car Association said on Thursday, as efforts to Continue Reading
China’s first test of travel demand after its coronavirus outbreak was the Qingming festival last weekend, but rather than hopping on a plane or train, Shan Mingyu and five of Continue Reading
