Saudi Arabia recorded its first quarterly budget surplus in more than two years as higher crude prices boosted the kingdom’s finances. The Gulf nation’s surplus during the third quarter was Continue Reading
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in Continue Reading
Saudi Arabia said it would use one of the world’s biggest natural-gas projects to make blue hydrogen, as the kingdom steps up efforts to export a fuel seen as crucial Continue Reading
Saudi Arabia’s crown prince said on Saturday that the world’s top oil exporter aims to reach zero-net emissions by 2060 and will more than double its annual target to reduce Continue Reading
Even if OPEC+ were to boost oil supply to the market, as major consuming nations have called for, it wouldn’t have much difference on the global natural gas market, Saudi Continue Reading
Last week’s meeting between Russia and Saudi Arabia to deepen cooperation in energy and other sectors shows that Moscow is serious about splitting Riyadh away from its long-time ally, the Continue Reading
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The Continue Reading
Shares in the utility closed down 8.4 percent at 66.7 riyals ($17.78) on Tuesday. ACWA Power International slumped as much as 10% on its second day as a listed company, Continue Reading
Saudi Aramco (2222.SE) has asked banks to arrange a loan expected to be in the $12 billion-14 billion range that it plans to offer to buyers of its gas pipeline Continue Reading
Saudi Arabia is finally recovering from a disastrous year in 2020, with its oil revenues surpassing pre-pandemic levels A major focus for Saudi Arabia going forward is to retain its Continue Reading
