China’s crude imports from Saudi Arabia rose to 1.596 million barrels per day (bpd) in November, making the OPEC kingpin China’s largest crude supplier, data from the General Administration of Continue Reading
Saudi Arabia’s King Salman has announced that the Kingdom will spend 7 percent more next year, at around US$295 billion (1.1 trillion riyals). This breaks the previous record set this Continue Reading
Total oil production in the United States will be nearly equal to that of Russia and Saudi Arabia combined by 2025, the head of the International Energy Agency (IEA) said Continue Reading
A day after oil prices plummeted again amid global market sell-offs and fears of oversupply, Saudi Energy Minister Khalid al-Falih said that he expects global oil inventories to drop by Continue Reading
Saudi Arabia’s crude oil exports jumped to a 22-month high of 7.70 million bpd in October, as OPEC’s biggest oil producer and exporter ramped up shipments ahead of the return Continue Reading
Saudi Arabia will require oil prices higher than $84/b to avoid running another deficit, analysts warned after the kingdom announced on Tuesday record government spending in its state budget for Continue Reading
Saudi Arabia’s 2019 budget allocates 33 billion riyals ($8.8 billion) for the energy, industry, mining and logistics sectors, oil minister Khalid al-Falih said in a tweet on Wednesday. That is Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih discussed on Sunday opportunities for joint investments and cooperation in petrochemical and refining projects with Mukesh Ambani, the chairman of India’s Reliance Industries—the company Continue Reading
On 10 November 2018, Turkey shared with Western and Saudi officials the audio recording that proved Saudi Arabia was responsible for the murder Washington Post columnist Jamal Khashoggi on October Continue Reading
Saudi Arabia bet that it could defy the U.S. when it pushed for oil production cuts at the OPEC+ meeting, gambling that President Trump would not lash out in retaliation Continue Reading
