Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy Continue Reading
Saudi Arabia might have just signed off on one of the most notable oil output deals in history, but challenges lie ahead as the kingdom faces keen competition from rival Continue Reading
Saudi Arabia has said that even more production cuts could be on the horizon, after sealing a 9.7 million bpd production cut over the week from the OPEC+ group, Saudi Continue Reading
The Saudi energy minister said on Sunday that effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day, Continue Reading
A nationwide ceasefire in response to the global coronavirus outbreak went into effect in Yemen on Thursday, raising hope for an end to the five-year-old war that has pushed millions Continue Reading
Saudi Arabia’s attempt to negotiate a global pact with Russia to rescue oil prices from the coronavirus crisis will come to a head Thursday, when ministers from OPEC and other Continue Reading
Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, according to people familiar with the matter, buying assets it perceives as undervalued Continue Reading
Saudi Arabia has nearly completed construction of its first nuclear reactor, sparking fears about the country’s quest for nuclear power. New satellite images, first published by Bloomberg , show construction Continue Reading
On the final day of March, the supertanker Newton, loaded with crude from Saudi Arabia, did something rarely seen in the world of oil trading: it abruptly diverted from its Continue Reading
The Saudi-led coalition fighting Yemen’s Iran-aligned Houthi movement will announce at midnight on Wednesday it is halting military operations nationwide to support a U.N. ceasefire initiative, three sources familiar with Continue Reading
