Among a network of alleyways and cobbled streets in Jeddah’s old town more than 20 stores are firmly shuttered, “for rent” signs plastered on large wooden doors. Traders in adjacent Continue Reading
Russia and Saudi Arabia are holding talks about investments worth tens of billions of U.S. dollars in various energy projects, Russia’s Energy Minister Alexander Novak said at an economic forum Continue Reading
Saudi Energy Minister Khalid al-Falih on Friday said he is unwilling to engage in a race to increase oil output to compensate for lower prices, saying a return to the Continue Reading
After oil prices booked in May their worst decline in six months amid fears that trade wars would slow down global economic and oil demand growth, the price of oil Continue Reading
Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, Continue Reading
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States Continue Reading
By now, after two-and-a-half years in office, it’s obvious that President Trump’s relations with Riyadh are dictating his foreign policy, even at the expense of further enraging a Democratic-controlled Congress Continue Reading
DUBAI/NEW YORK (Reuters) – Saudi Aramco signed a 20-year agreement to buy liquefied natural gas (LNG) from a forthcoming export terminal in Texas that U.S.-based Sempra Energy is developing, the Continue Reading
Saudi Arabia’s deal to buy American natural gas is part of a decadelong $160 billion plan to build up its gas assets, as the oil-rich kingdom’s demand for new energy Continue Reading
Saudi Aramco struck a deal with U.S. Sempra Energy to buy 5 million tons of liquefied natural gas annually from Sempra’s Port Arthur LNG plant, Reuters reports , citing the Continue Reading
