Saudi Arabia’s army of migrant workers will be among the biggest losers from the slump in oil prices and the impact will reverberate to poor countries across the Middle East Continue Reading
A construction conglomerate at the center of Saudi Arabia’s petrodollar-fueled economic boom is teetering under billions of dollars of debt, bankers and financial advisers familiar with the matter said, showing Continue Reading
Saudi Arabia is prepared to join an oil output freeze next month without Iran taking part, a senior Opec delegate said, making a deal among big producers more likely. Some Continue Reading
Oil prices will increase by the end of this year but won’t rebound to levels reached in 2013 and 2014, according to Amin H. Nasser, president and chief executive officer Continue Reading
Saudi Arabia faces a stark choice: either let markets crush American frackers or watch American frackers crush markets. After testing the upper twenties for a couple times, oil prices have Continue Reading
Saudi Arabia’s national oil company wants to buy more U.S. refining and chemical plants to expand its footprint in the world’s largest energy market once the break-up of its joint Continue Reading
Image caption Thousands of civilians have been killed or injured in the conflict The UN human rights chief has accused the Saudi-led coalition of causing twice as many civilian casualties Continue Reading
Even as it pumps near-record quantities of oil, Saudi Arabia is getting ready for a time when the world will no longer need its biggest export. The world’s largest crude Continue Reading
Saudi Arabia’s crude oil exports in January rose to their highest level in nine months to 7.835 million barrels per day from 7.486 million bpd in December, official data showed Continue Reading
Shell and Saudi Aramco formed their Motiva joint venture nearly two decades ago and spent $10 billion to double the size of their plant in Port Arthur, Texas, in 2012. Continue Reading
