Saudi credit default swaps soar on U.S.-Iran crisis
The cost of insuring against a potential debt default by Saudi Arabia has soared by a sixth since the killing by a U.S. drone on Friday of Iranian commander Qassem Continue Reading
Saudi Aramco hits new low since trading began on December 11
Saudi Aramco ( 2222.SE ) shares briefly hit 34.45 riyals ($9.18) in early trade, their lowest level since its shares began trading on December 11, following a record-setting initial public Continue Reading
Saudi non-oil private sector loses momentum in December: PMI
Saudi Arabia’s non-oil private sector expanded in December at the slowest rate since July, weighed down by slower output and new orders, a survey showed on Sunday. The seasonally adjusted Continue Reading
Why The Saudis Suddenly Agreed To This Mega Oil Deal
Strange, is it not, that an agreement has suddenly been reached between Saudi Arabia and neighbouring Kuwait on the oil and gas fields that they share in the ‘Neutral Zone’ Continue Reading
Interview: Saudi Arabia’s breakeven oil price to dip amid lower spending, says IMF
Saudi Arabia’s breakeven oil price in 2020 is expected to be lower than $83.6/b to balance its budget, as the world’s biggest oil exporter signals an end to the expansionary Continue Reading
Oil Markets Brace For Another 500,000 Bpd Oil Field To Come Online
Kuwait and Saudi Arabia could be days from agreeing the restart of oil production from the two fields they share in the so-called neutral zone. Bloomberg quoted Kuwait’s Oil Minister, Continue Reading
Saudis, Kuwait Near End to Spat Over Shared Oil Fields
The deal could still fall through at the last minute and the two countries, which reached a preliminary agreement in October, are unlikely to restart production immediately, the people familiar Continue Reading
Saudi sentences five to death, three to jail in Khashoggi case
Saudi Arabia’s public prosecutor said on Monday five people had been sentenced to death and three more to jail terms totaling 24 years in the case of the killing of Continue Reading
Saudi Arabia sentences five to death for killing journalist Jamal Khashoggi inside Turkish consulate
The country’s top prosecutor said three more people were sentenced to jail terms totaling 24 years. Saud al-Qahtani, an aide to Crown Prince Mohammed bin Salman and the most senior Continue Reading
Exclusive: U.S. probe of Saudi oil attack shows it came from north – report
The United States said new evidence and analysis of weapons debris recovered from an attack on Saudi oil facilities on Sept. 14 indicates the strike likely came from the north, Continue Reading