Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike. Doubtless this will be ...

The decision by Saudi Aramco to cut the price of its crude oil for Asian refiners for December cargoes has been viewed as a ...

The history of Saudi Arabia traces a remarkable journey from isolated desert tribes to one of the world’s most influential nations. Founded in 1932 by King Abdulaziz Al Saud, the kingdom united vast ...

Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPEC’s Trillion Dollar Miscalculation), the kingdom has decided to boost oil ...

Saudi Aramco, long known for stable payouts, slashed its dividend by 30%, signaling financial strain and shifting priorities. Since its 2019 IPO, Aramco has significantly underperformed both ...

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices ...

Saudi oil giant Aramco is reporting a $26.9 billion profit in the third quarter, down slightly from last year as global ...

Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal ...

DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices undermine ...

DUBAI (Reuters) -Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that ...

President Donald Trump called the Saudi crown prince to issue U.S. support. Secretary of State Mike Pompeo on Saturday blamed Iran for a massive attack on a critical Saudi oil facility that has put ...

Saudi Arabia witnessed a coup on November 2, 1964, which led to the removal of King Saud bin Abdulaziz Al Saud from power. The coup, carefully orchestrated by the King’s younger brother, Crown Prince ...