Saudi Arabia has made a first tangible step to generate electricity from sources other than oil and gas, awarding a contract on Thursday for the Kingdom’s first utility-scale wind farm. Continue Reading
Companies with projects being considered include Tellurian Inc., a Houston-based LNG developer known for its intention to ship gas from its planned Driftwood terminal in Louisiana, the people said. In Continue Reading
Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter. Continue Reading
Saudi Arabia is tapping international investors with a new set of debt, becoming the hhighest-profileentrant to the bond market for the opening days of the year with its first issue Continue Reading
Hoping to drive oil prices back up to $80 per barrel, Saudi Arabia is preparing deeper production cuts this month. Saudi Arabia plans on lowering oil exports to 7.1 million Continue Reading
The new strategy comes as the kingdom seeks to cover a large government spending boost . It said last month that it planned to increase its expenditures by 7% in Continue Reading
Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to weaker fuel oil margins, respondents to a Reuters survey said Continue Reading
The new Saudi foreign minister, Ibrahim al-Assaf, seen above in 2013, is a former finance minister. Photo: fayez nureldine/Agence France-Presse/Getty Images At the same time, the king positioned longtime Saudi Continue Reading
King Salman of Saudi Arabia shook up the kingdom’s cabinet on Thursday, naming new ministers and security chiefs but keeping the levers of power firmly in the hands of his Continue Reading
Energy planners in Saudi Arabia must be scratching their heads in wonder, even possibly despair. The oil-rich kingdom had picked itself up after threats of near economic collapse in 2015-2016 Continue Reading
