Saudi Arabia’s plans to restrict the number of pilgrims during the annual Hajj pilgrimage to a few thousand will likely dent jet fuel demand in the Arab world’s biggest economy, Continue Reading
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by 0.2%, or about 3 billion riyals ($800 million), to reach $445 billion, according to Continue Reading
As China imported its highest-ever volume of crude oil in May. Chinese imports of crude oil from OPEC’s largest producer, Saudi Arabia, surged by 94.9 percent on the year and Continue Reading
Singapore — China’s crude oil imports from Saudi Arabia soared 94.9% year on year to 9.17 million mt, or 2.17 million b/d, in May, a new record high for a Continue Reading
Saudi Arabia made good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal in early March. In April, the value of Saudi Continue Reading
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
The world’s top oil exporter, Saudi Arabia, is creating a tourism development fund with an initial investment of US$4 billion as part of efforts to diversify away from oil and Continue Reading
Saudi Arabia said on Monday it will bar arrivals from abroad to attend the haj this year due to the coronavirus, allowing only a limited number of Saudi citizens and Continue Reading
Saudi Arabia came under a missile and drone attack from Iran-backed Yemen rebels that targeted the capital, Riyadh, and other cities, state-run Saudi Press Agency reported. Saudi air defenses intercepted Continue Reading
Saudi Aramco , the world’s biggest oil exporter, has begun cutting hundreds of jobs as it looks to reduce costs after a slump in energy prices, according to people familiar Continue Reading
