One of General Electric Co’s ( GE.N ) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to Continue Reading
Iran has overtaken Saudi Arabia as India’s number two oil supplier in the April-June quarter, India’s oil minister said on Monday. Iraq remains India’s number-one supplier of crude. While Iran Continue Reading
RIYADH—Saudi Arabia is ramping up efforts to lure international companies and revive Crown Prince Mohammed bin Salman’s plans for an economic makeover, after foreign investment fell to a 14-year-low in Continue Reading
The funds will be used to build refineries for one and will also be used to advance petrochemicals and renewable energy projects in the developing economy of South Africa. The Continue Reading
Saudi Aramco’s potential acquisition of a stake in petrochemicals company Sabic will affect the timing of an initial public offering, its chief executive said, throwing further doubt on the kingdom’s Continue Reading
Despite its supposed promise to the United States to ramp up its oil production in the face of a tightening oil market, Saudi Arabia does not have the capability to Continue Reading
The pressure on Saudi Arabia to pump more crude has lessened over the past few weeks. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The kingdom Continue Reading
Saudi Arabia is expecting a reduction in crude oil exports next month, despite earlier signs that Saudi Arabia—and Russia—have started to raise production even before the June 22 meeting with Continue Reading
U.S. oil prices rose Thursday after top exporter Saudi Arabia denied having any plans to inundate the market with crude oil to push prices lower, and said instead that its Continue Reading
Saudi Arabia expects its crude exports to drop by roughly 100,000 barrels per day in August as the world’s top oil exporter works to ensure it does not push oil Continue Reading
