Category: Saudi Arabia

Saudi Arabia has announced it will slash its official selling prices for crude by between $4 and $8 per barrel, Arab News reports , to be in effect from April Continue Reading

At least three buyers of Saudi Arabian oil requested between 30% and 50% more supplies than they had originally planned in April after the world’s biggest exporter slashed its prices, according Continue Reading

Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company pledging to supply a record 12.3 million barrels a day next month, a massive production Continue Reading

The sudden upheaval in the oil markets may claim victims around the world, from energy companies and their workers to governments whose budgets are pegged to the price of crude. Continue Reading

First he ordered the detention of at least four senior members of his own royal family . The next day he plunged Saudi Arabia into a price war with Russia Continue Reading

Saudi Arabia’s oil and gas giant, Aramco, has been given the go-ahead to launch the Jafurah shale gas field project, which will be the biggest shale gas development outside the Continue Reading

Shares of Saudi state oil company Aramco 2222.SE slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after OPEC’s Continue Reading

Shares in Saudi Aramco ( 2222.SE ) plunged 10% in opening trade on Monday, following a sharp drop in oil prices after Saudi Arabia slashed its official selling prices for Continue Reading

Saudi authorities began releasing officials and royal family members questioned in a security clampdown, as the government sought to end speculation about the health of King Salman by publishing photographs Continue Reading

Oil prices crashed by as much as 30 percent after Saudi Arabia fired the first shots in a price war, in crude’s biggest one-day fall since the early 1990s Gulf Continue Reading