News

OPEC+ jolted markets by announcing it would flood the market with more oil.
Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.
State energy firm Saudi Aramco raised the official selling price for its flagship Arab light crude to Asia loading in August ...
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...
Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...
Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in ...
Oil prices surged after Saudi Arabia and some other oil producers announced they're reducing their oil output. That will send gas prices higher – and benefit energy companies in America.
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...
The expansion in Saudi Arabia's non-oil private sector activity accelerated in June, driven by robust client demand and a ...
China and Saudi Arabia expressed aligned policies on a range of areas from security to oil in a joint statement Friday, adding they will support each other while not interfering in each other’s ...
Electric cars account for a tiny proportion of vehicle sales in Saudi Arabia. But the oil-rich kingdom wants to change that ...
For decades, Saudi Arabia's economy has been defined by its abundant oil reserves. But with a plan known as Vision 2030, Saudi Arabia is trying to pivot away from that economic base.