The oil-exporting countries of the Persian Gulf, from Qatar to Saudi Arabia, are turning to the public to sell debt as shrinking oil revenues erode their budgets. Qatar, which owns Continue Reading
Saudi Arabia is seeking to revive its stalled solar-power program, scaling back more ambitious targets it set four years ago after making little headway in transforming the energy supply of Continue Reading
India’s state-owned oil and gas giant ONGC risks losing a massive Persian Gulf gas field in a contracting hurdle, as it races against Saudi Arabia to extract gas reserves from Continue Reading
Saudi Arabia, one of the founders of OPEC, is sounding the group’s death knell. The world’s biggest crude exporter has already undermined OPEC’s traditional role of managing supply, instead choosing Continue Reading
GE Saudi Arabia Even as the International Monetary Fund (IMF) lent its backing to Saudi Arabia’s economic reform to diversify away from crude oil this week, General Electric (GE) accounted Continue Reading
The world’s largest exporter of crude oil, the Kingdom of Saudi Arabia, recently announced a plan for its post-oil future . If a country almost synonymous with the oil economy Continue Reading
IMF finds the Saudi economy is slowing under pressure from lower crude oil prices, though reforms are pushing momentum more or less in the right direction. Photo by Fedor Selivanov/Shutterstock Continue Reading
The recently published economic reform plan for Saudi Arabia, Vision 2030, is completely unrealistic, writes ex-Shell geoscientist Jilles van den Beukel. He argues that it should be seen in the Continue Reading
The King Abdullah financial district sits on the horizon seen from a skyscraper under construction in Riyadh, Saudi Arabia, on Sunday, Jan. 10, 2016. Saudi Arabia has told banks in Continue Reading
Saudi Arabia’s crude oil stockpiles fell in March for the fifth month in a row reaching the lowest level in 18 months as the kingdom kept shipping crude to meet Continue Reading
