Saudi Arabia construction Saudi Arabia’s governing economic body called the Council of Economic and Development Affairs (CEDA) has cancelled $266.7 billion in projects, the Saudi Press Agency said, and announced Continue Reading
Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal would be halted indefinitely, suggesting a deepening rift between the Arab world’s richest Continue Reading
Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh threatening to raise oil output steeply to bring prices down if Continue Reading
Following OPEC’s blame-mongering statement earlier today -“observers should not be quick to judge or criticize” the organization – it appears mutiny is occurring within the cartel as OPEC sources report Continue Reading
Former Saudi Oil Minister Ali al-Naimi broke his silence six months after his abrupt departure from his job, revealing more about his failure to forge an agreement to cut output Continue Reading
Royal order excuses Al-Assaf, long-time finance minister Former Capital Markets chief Mohammed Al-Jadaan his successor Saudi Arabia’s finance minister for two decades was replaced on Monday, the latest in a Continue Reading
Saudis having a lot of fun Saudi Arabia will likely raise the official selling price (OSP) differentials for Asia for December, to reflect an October premium in the spread between Continue Reading
Al Falih Saudi Arabia has wielded immense power over both the oil producers and consumers based on its proven oil reserves. It not only has the second largest proven oil Continue Reading
Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia on Oct. 28-29 to hammer out details of an output-capping Continue Reading
Just when a potential OPEC deal was looking more like wishful thinking than a reality, sources told Reuters on Thursday that Saudi Arabia and its Gulf OPEC producer allies had Continue Reading
