Guards take the temperature of people entering a mall in Riyadh, Saudi Arabia, on May 12. Muhammed, right, has worked as a mall security guard for the past six years. Continue Reading
Saudi Arabia’s oil giant Aramco has slashed by up to 30 percent its crude oil allocations to at least three buyers in Asia for June, compared to what customers had Continue Reading
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asia’s largest Continue Reading
Saudi Aramco has informed at least one Japanese refiner that it will reduce the refiner’s June-loading crude allocations by 20%-40%, a source at the Japanese refiner told S&P Global Platts. Continue Reading
Saudi Arabia announced late Tuesday that the whole country would go into 24-hour lockdown for the five-day holiday marking the end of the holy month of Ramadan in 10 days. Continue Reading
Saudi Aramco reported on Tuesday a net income of US$16.66 billion for the first quarter of 2020, down from net earnings of US$22.2 billion for Q1 2019, due to the Continue Reading
Saudi Arabia announced a slew of austerity measures to cope with the impact of the coronavirus pandemic and an oil-price rout, tripling its value-added tax and cutting a cost-of-living allowance Continue Reading
Saudi Arabia announced a surprise move to slash oil output to the lowest in 18 years as it tries to spur the recovery from an energy crisis that has devastated the Continue Reading
Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major projects by around $26 billion as it grapples with blows Continue Reading
Saudi Aramco said its first-quarter profit fell sharply and it would cut spending this year, underscoring the twin impact of an oil-price rout and the coronavirus pandemic on the kingdom’s Continue Reading
