Moscow — Saudi oil minister Khalid al-Falih Thursday said geopolitical tensions and speculators were behind the recent rise in oil prices to four-year highs, not collusion by OPEC and its Continue Reading
President Donald Trump ‘s tough words for OPEC could have some real teeth if the No Oil Producing and Exporting Cartels Act of 2018 gains momentum. The proposal, being kicked Continue Reading
International sources are reporting that the world’s largest oil company will look for around $50 billion from international banks, largely to be used to finance a majority stake in Saudi Continue Reading
Saudi Arabia is incapable of offsetting all of Iran’s crude oil supplies, according to the latest oil market message shared by several analysts who spoke to CNBC. Based on this, Continue Reading
PEC kingpin Saudi Arabia plans another boost in government spending in 2019 to spur its economy, but is proceeding cautiously with an eye on potential oil market headwinds in the Continue Reading
A $200-billion solar power project that was planned to be the largest solar farm in the world might never happen, government sources from Riyadh told the Wall Street Journal. The Continue Reading
After having shelved indefinitely plans to go public, Saudi Aramco is looking to buy a majority stake in Saudi chemicals giant Sabic from the government’s sovereign wealth fund, and may Continue Reading
Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp ( 9984.T ) to build the world’s biggest solar-power-generation project, the Wall Street Journal reported on Sunday, citing Continue Reading
The massive reserve of spare capacity located in the Saudi desert is the stuff of legend, taken as gospel in the world of oil. After all, Saudi Arabia is the Continue Reading
Saudi Arabia is poised to steadily increase production to compensate for the Iranian oil that will be subject to U.S. sanctions starting Nov. 5. Saudi Arabia hasn’t said anything publicly, Continue Reading
