A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. Saudi Arabia and Iraq are set to supply full contracted volumes of crude to Continue Reading
Saudi Aramco has cut the January price for its Arab Light crude for Asian customers to the lowest in four months as it holds to a strategy of preserving market Continue Reading
Kuwait and Saudi Arabia agreed that any resumption of crude production from shared oil fields along their border won’t raise their output beyond limits set at an OPEC meeting last Continue Reading
Tensions between Sunni-ruled Saudi Arabia and Shia-led Iran have escalated in the past year A court in Saudi Arabia has sentenced 15 people to death for spying for Iran. They Continue Reading
Oil rig dusk Sometime in the next 12 to 24 months, the world will see probably see the biggest IPO in history, and one that may remain unparalleled for a Continue Reading
The new OPEC deal to cut oil output – the cartel’s first since 2008 – amounts to nothing less than Saudi Arabia’s surrender to the power of American shale. It Continue Reading
OPEC’s historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark. According to Lukoil’s vice president, Leonid Continue Reading
State-sponsored hackers have conducted a series of destructive attacks on Saudi Arabia over the last two weeks, erasing data and wreaking havoc in the computer banks of the agency running Continue Reading
Saudi Arabia aims to diversify its economy away from crude oil exports into refined petroleum… JUBAIL, Saudi Arabia—Saudi Arabia’s decision to push for an OPEC deal to reduce crude-oil production Continue Reading
When gasoline prices spike over the next few days, find some comfort in knowing that the extra money will benefit struggling Texas companies and the U.S. economy. Admittedly, the idea Continue Reading
