Saudi Arabia’s crown prince is stepping up pressure on detained members of the country’s elite resisting his demands for billions of dollars in payments—moving them from a luxury hotel to Continue Reading
Saudi Arabia’s state oil company is building an oil-refining empire, a major shift for the world’s No. 1 crude producer as it tries to shore up its balance sheet ahead Continue Reading
The Iranian nuclear deal that Tehran and the world powers signed in 2015 and that led to the lifting of restrictions on Iran’s crude oil exports is “ absolutely not Continue Reading
“Leave us alone and leave all these issues. We had enough of shale oil and talks of shale. Please talk about anything else,” Saudi oil minister Khalid al-Falih said in Continue Reading
Incremental gains from southern fields have helped Iraq partially recover from temporary production stoppages at Bai Hassan and Avana. The Badra oil field on Dec. 6, 2017. (SAMYA KULLAB/Iraq Oil Continue Reading
Saudi oil giant Aramco is looking to expand in the United States where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive, its Continue Reading
Saudi Arabia’s energy minister took a rare sideways swipe at the International Energy Agency on Wednesday, accusing the body of overhyping the impact of US shale growth on the oil Continue Reading
“We are looking at new business opportunities in the U.S. and with the tax cuts it will make it much more profitable … It is part of our strategy to Continue Reading
Saudi Arabia may link the royalty on oil revenue that Aramco currently pays to oil prices, the state oil giant’s chief executive Amin Nasser told Bloomberg in an interview at Continue Reading
Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of Continue Reading
