Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Continue Reading
Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so, the kingdom’s deputy crown prince said in an interview with Bloomberg. Continue Reading
Saudi Arabia plans to set up a $2 trillion megafund for post-oil era, Bloomberg reported on Friday, citing Saudi deputy crown prince Mohammed bin Salman. “Deputy Crown Prince Mohammed bin Continue Reading
Saudi Arabia plans to sell a stake “of less than 5 percent” in the parent of its state-owned oil company, the kingdom’s deputy crown prince said, revealing details of a Continue Reading
Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Continue Reading
Saudi Arabia cemented its position as India’s top crude oil supplier in February, exporting 60% more crude than it did in February 2015 and 24% more than January, and leaving Continue Reading
Saudi Foreign Minister Adel al-Jubeir said on Sunday that Iran must change its “behaviour” towards his country if it wants normal ties with the oil-rich Sunni kingdom. Jubeir, speaking at Continue Reading
Unlike other producers, including U.S. shale producers, it maintained financial strength and flexibility during the last boom. When it began to shift the paradigm of global supply, the kingdom was Continue Reading
M3 shrinks in Feb. from a year ago for first time since 2000 The Saudi economy is showing deepening signs of strain under the weight of cheap oil. Saudi consumers Continue Reading
Saudi Arabia lost market share in more than half of the most important countries it sold crude to in the past three years, even as the kingdom increased output to Continue Reading
