Saudi Aramco is restructuring its non-oil businesses into subsidiaries and possible spin-offs as it aims to streamline operations and achieve a higher valuation for its profitable core oil business ahead Continue Reading
Saudi Arabia has plunged its immediate region into major strategic uncertainty. What can only be described as a serious outbreak of shooting in the Royal Palace in Riyadh on April Continue Reading
Dozens of high-profile Saudis are locked up in jail, many of them denounced as traitors. Hundreds, possibly more, are barred from leaving the kingdom. And others have quietly left their Continue Reading
As Opec and Russia prepare to meet in Vienna next month to discuss raising oil output, three strongman leaders will loom over proceedings. Russian president Vladimir Putin, Saudi Arabia’s crown Continue Reading
Saudi Arabia, other OPEC states, and non-OPEC allies aim to stick to a global pact on cutting oil supplies until the end of 2018 but are ready to make gradual Continue Reading
With its pristine beaches, manicured lawns and rows of newly built villas, the King Abdullah Economic City bears all the hallmarks of the modern Saudi Arabia envisaged by Crown Prince Continue Reading
Saudi Aramco has awarded a contract to Halliburton for unconventional gas stimulation services, as Saudi Arabia seeks to further reduce its domestic crude oil burn, freeing barrels for export or Continue Reading
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the Continue Reading
Russia and Saudi Arabia’s energy ministers will discuss a potential relaxation of the global oil output cap agreed between Opec and Moscow amid calls for them to boost output after Continue Reading
