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Brexit has the power to hurt Saudi Arabia's oil production
The pound tumbling to record lows since Britain voted for a Brexit in June last year is starting to hurt British exporters servicing Saudi Arabia's oil industry.The boss of United Corporation, a UK...
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Saudi Arabia is optimistic about relations with the US under Trump
BAD NEUENAHR, Germany (AP) — Saudi Arabia's foreign minister says his country expects to have a productive relationship with the Trump administration and is optimistic that U.S.-Saudi cooperation can...
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There’s an alliance growing between Saudi Arabia and Israel — and Iran should...
MUNICH (Reuters) - Saudi Arabia and Israel both called on Sunday for a new push against Iran, signaling a growing alignment in their interests, while U.S. lawmakers promised to seek new sanctions on...
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Saudi Arabian King Salman to visit Indonesia in March with an entourage of 1,500
Saudi Arabia's King Salman will visit Jakarta and Bali on the Indonesian leg of his Asian tour next month, bringing 1,500 people in his entourage including 10 ministers, Indonesian officials said."This...
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Saudi Arabia wants oil prices to rise another 10%
DUBAI/LONDON – Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.This is the level the OPEC heavyweight and its...
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The Saudi king is taking 459 tons of luggage on his trip to Indonesia —...
Saudi Arabia’s King Salman bin Abdul Aziz doesn’t believe in travelling light.The Washington Post has an extraordinary story about Salman’s upcoming visit to Indonesia, the first visit by a Saudi king...
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The Saudi king just arrived in Indonesia on a golden escalator
Saudi King Salman has arrived in Indonesia — and he's hard to miss.Salman bin Abdulaziz al-Saud is not the kind of man to take the stairs, so disembarked his gold-coloured plane via an equally gold...
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Investors expect Saudi Aramco's IPO to value it at as much as $1 trillion...
DUBAI, (Reuters) - Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year,...
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RANKED: The 30 richest countries in the world
Some of the smallest countries in the world continue to dominate the list of the world's richest countries, an analysis by Global Finance Magazine shows.The ranking was published in February 2017 and...
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Yemen rocked by 5th consecutive night of suspected US airstrikes targeting Al...
Aden (AFP) - Yemen was hit by a fifth consecutive night of suspected US air strikes targeting Al-Qaeda members in the impoverished nation, a Yemeni security source said on Monday.The source said the...
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HAROLD HAMM: The spending binge by US shale companies could 'kill' the oil...
In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree, it could “kill” the...
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Saudi Arabia's powerful millennial crown prince is going to meet with Trump
DUBAI, United Arab Emirates — Saudi Deputy Crown Prince Mohammed bin Salman left Saudi Arabia on Monday for the US for a visit scheduled to include talks with US President Donald Trump, the Royal Court...
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Iran and Iraq are making it harder for Saudi Arabia to prop up oil prices
Though OPEC has managed to achieve a high standard of compliance, it has mostly been due to the oversized cut by the largest member of the group—Saudi Arabia. Meanwhile, the actions and statements of...
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Saudi Arabia just launched its very first girls' council — without any girls
Saudi Arabia has held its very first meeting of the all-new Girls Council in the country's al-Qassim province – a progressive move for a country in which women face many restrictions in their public...
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Oil tumbles after Saudi Arabia says it increased production
Oil has tumbled after Saudi Arabia says it increased production.West Texas Intermediate crude, the US benchmark, was down by 2.% at $47.43 a barrel as of 10:59 a.m. ET. That is its lowest level since...
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Saudi Arabia never ended its oil war on shale
Last week, when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it...
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OPEC can't get over its cheating problem
OPEC’s monthly report for February was released Tuesday morning, and total output appears to have fallen from 32.097 million bpd in January to 31.958 million bpd. Members which agreed to the production...
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Saudi Arabia's billionaire king is on a lavish Asian adventure — here's what...
Saudi Arabia's King Salman bin Abdulaziz al Saud, who has an estimated net worth of over $17 billion (£13.8 billion), is not one for subtlety.He's currently on a lavish tour of Asia, and has arrived in...
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Wall Street banks are bullish on oil despite the jump in Saudi Arabia's output
Oil prices have given up some of the gains achieved since the OPEC deal was agreed to in late November, and confidence in the buoyancy of crude prices is starting to falter. There are plenty of reasons...
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China is trying to get more involved in the Middle East
BEIJING (Reuters) - China welcomed Israeli Prime Minister Benjamin Netanyahu on Monday just days after hosting Saudi Arabia's King Salman and the signing of deals worth as much as $65 billion with...
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