Saudi Arabia is reported to have purchased the Iron Dome missile defence system from Israel signaling a rapprochement between the two countries, according to several diplomatic sources quoted in Al-Khaleej Continue Reading
Saudi Basic Industries Corp (SABIC) on Tuesday signed a memorandum of understanding (MOU) with China’s Fujian provincial government to build a petrochemical complex. SABIC is the third company to announce Continue Reading
At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in October and as they look Continue Reading
The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting an increase in crude oil exports to the most transparent market, the United States, which reports crude oil Continue Reading
U.S. Energy Secretary Rick Perry will meet Saudi Energy Minister Khalid al-Falih on Monday morning in Washington, the Department of Energy said, as the Trump administration encourages big oil-producing countries Continue Reading
When earlier this week reports emerged that Saudi Arabia is striving to keep oil prices in the range of US$70-80 per barrel in a bid to balance its need for Continue Reading
Shaky emerging market developments have been bearish for oil prices lately, with WTI falling to $68 per barrel by the end of the trading week after a $70 per barrel Continue Reading
Major changes are never going without instability, conflict and possible crisis. Saudi Arabia’s dramatic change to diversify its economy away from an oil-based rentier state status is not going as Continue Reading
Saudi Arabia is putting its crude production capabilities – and its ability to balance the oil market – to the test. The kingdom finds its oil production policy at a Continue Reading
The new fund would buy into technologies that benefit Aramco’s sprawling operations but don’t necessarily focus on energy, the people familiar with the venture said. Aramco wants to locate tech Continue Reading
