Saudi Arabia booked its highest-ever quarterly foreign direct investment (FDI) in the second quarter, thanks to a large oil pipeline infrastructure deal that state oil giant Aramco closed in the Continue Reading
Saudi Arabia’s oil revenues are flowing in at the highest rate in three years Saudi Arabia is already close to pre-pandemic production levels of 9.8 million barrels daily, and oil Continue Reading
Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude supplier for a ninth straight month in August as major producers relaxed production cuts. Saudi oil Continue Reading
Saudi Arabia’s crude oil exports rose to above 6 million barrels per day (bpd) in July, to the highest volume in six months, as the OPEC+ alliance continued to ease Continue Reading
Saudi Arabia’s state-owned oil giant Aramco may soon open up a massive upstream asset to foreign investment. It would be a rare move for OPEC’s top oil producer and the Continue Reading
The strategic relationship between the House of Saud and the US Administration is worsening by the day, as shown by repeated unexpected changes in president Biden’s approach to the Kingdom Continue Reading
Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States Continue Reading
Business activity in Saudi Arabia last month grew at the weakest pace in 10 months as lower export demand weighed on the kingdom’s non-oil economy. A Purchasing Managers’ Index compiled Continue Reading
When Crown Prince Mohammed bin Salman announced Saudi Arabia’s “green initiative” this year he did so with the type of eye-catching pledge that has come to characterize the young royal’s Continue Reading
The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data Continue Reading
