Saudi Arabia’s economy is expected to grow by 1.9 percent this year, the International Monetary Fund (IMF) said on Monday, revising down its forecast of 2.2-percent growth from just three Continue Reading
France has deployed a radar system on Saudi Arabia’s eastern coast that faces the Persian Gulf to help the Kingdom protect its vital oil infrastructure, which was hit by attacks Continue Reading
OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a Continue Reading
Energy transitions “take decades, even centuries” to complete, the chairman of the world’s largest oil company, Saudi Aramco, said at a conference on Monday, adding that the industry should continue Continue Reading
State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) Continue Reading
The global energy transition will need decades to develop and various paths taken will occur at different speeds, the chairman of Saudi Aramco said Monday. “A short-sighted narrative on the Continue Reading
Saudi energy minister Prince Abdulaziz bin Salman pledged on Monday to help ensure the stability of the global oil market amid rising tensions in the Middle East following the US Continue Reading
The Houthi rebels in Yemen were not the ones who launched the drone and missile attack on Saudi oil infrastructure last September, a confidential report from the UN has revealed. Reuters, Continue Reading
Through a combination of bribing local retail investors via preferential loans , threatening wealthy Saudis with a re-run of their treatment in the Ritz Carlton in 2017 , and inveigling Continue Reading
US LNG export terminal developers are stepping up their courtship of Saudi Aramco to secure investments in their projects, following the state-owned oil and gas company’s IPO last month. Receive Continue Reading
