Category: Saudi Arabia

 Saudi Arabia said on Saturday it would issue fines for 19 offences related to public decency, such as immodest dress and public displays of affection, as the Muslim kingdom opens Continue Reading

The effects of a possible oil shock, however, ‘should not be underestimated,’ the Commerzbank economists warned. Many economies have taken strides away from heavy oil consumption, thanks to transport and Continue Reading

After attacks on its oil infrastructure, Saudi Arabia is moving forward with the much-anticipated initial public offering of its state-owned oil company and considering a proposal to offer investors a Continue Reading

Crude declined to the lowest since Saudi Arabia’s oil industry suffered devastating attacks as investors gauged the kingdom’s efforts to restore production.  Futures in New York settled down 1.4% to the Continue Reading

The International Energy Agency is confident Saudi Arabia will do all it can to keep the oil market well supplied despite the recent attacks, but at the same time it Continue Reading

Meanwhile, Saudi Arabia has stopped short of directly accusing Iran of mounting the airstrikes, partly because Saudi officials are concerned that escalating military responses would debilitate the kingdom’s economy further, Continue Reading

Saudi Aramco has restored Saudi Arabia’s oil production capacity to 11.3 million bpd—the level before the attacks on oil facilities ten days ago, Reuters reported on Wednesday, citing three sources Continue Reading

When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris Continue Reading

The Aramco IPO story seems more and more to be a line from the world famous story of “Scheherazade and 1001 nights”. As the famous princess needed to tell stories Continue Reading