Saudi Arabia’s top government-funded think-tank is studying the possible effects on oil markets of a breakup of OPEC, the Wall Street Journal reported on Thursday, citing people familiar with the Continue Reading
The research project doesn’t reflect an active debate inside the government over whether to leave the Organization of the Petroleum Exporting Countries in the near term, according to people familiar Continue Reading
Saudi Arabia and Russia need to cut oil output, a top Iranian official said on Wednesday, adding that extra supply from the two countries had caused a slide in prices Continue Reading
Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on Wednesday at a public signing ceremony during the China International Continue Reading
King Salman of Saudi Arabia will on Tuesday embark on his first domestic tour since ascending to the throne, as Riyadh moved to contain the fallout from the killing of Continue Reading
Saudi’s crown prince on Monday launched a project to build the first nuclear research reactor in the kingdom, the Saudi Press Agency reported. Crown Prince Mohammed bin Salman launched seven Continue Reading
The decision facing President Donald Trump is not an easy one, a problem not of his own choosing and one that the politically charged president would rather not have to Continue Reading
Saudi Arabia reported a fiscal deficit of US$1.95 billion (7.3 billion riyals) for the third quarter of the year, down from US$1.97 billion (7.4 billion) in the previous quarter, The Continue Reading
Diplomatic pressure from the United States and Britain, Saudi Arabia’s biggest arms suppliers, abruptly intensified on Wednesday for a cease-fire in the Yemen war, the world’s worst man-made humanitarian disaster. Continue Reading
Depending on who you ask, energy markets would likely be better off without more Saudi-Russia oil and gas cooperation, which will amount to greater clout in the Middle East as Continue Reading
