A Top oil exporter Saudi Arabia faces a dilemma when setting its monthly export prices this week, as rival producer Iran ramps up crude shipments into an already oversupplied market. Continue Reading
A measure of growth in Saudi Arabia’s non-oil economy fell to a record low as cheap crude weighs on the world’s largest oil exporter. The Emirates NBD Purchasing Managers’ Index Continue Reading
Saudi Arabia is ready to manage the oil market under the condition that “everybody must cooperate”, from OPEC members to other oil producers outside the exporting group, the Saudi-owned al-Hayat Continue Reading
Saudi Arabia was not the source of a proposal to cut oil production that Russia was studying, al-Arabiya television reported on Sunday, quoting an unnamed Saudi source. But the kingdom, Continue Reading
Saudi officials are offering as much as 7 million riyals ($1.9 million) for information that would help foil militant attacks. Authorities will pay a 1 million riyal-reward to anyone who “provides Continue Reading
The game being played in the global oil market today bears more than a passing resemblance to poker. Nobody wants to quit while they’re losing. That is important for investors Continue Reading
Saudi Arabia on Sunday announced the formation of an independent group to investigate claims of airstrikes that have led to civilian deaths in Yemen , where the kingdom has led Continue Reading
It’s probably no coincidence that Saudi Aramco [SDABO.UL] revealed it is in advanced talks to buy stakes in Chinese refineries just as data came out showing that Russia toppled Saudi Continue Reading
Saudi Arabia has successfully defended its share of the U.S. oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from Continue Reading
Four people were killed and 18 wounded on Friday when a suicide bomber attacked a mosque in Shia-populated eastern Saudi Arabia, state media said. The Al-Ekhbariya news channel quoted an Continue Reading
