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After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world's largest oil market in the coming weeks in... [Read More]
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Saudi Arabia's government has been spending billions of dollars to quietly prop up Wall Street and counter selloffs, The Wall Street Journal reports. [Read More]
Record pumping from Saudi Arabia lifted overall OPEC oil production in November, a bump in output that comes even as the group's plan to impose... [Read More]
The U.S. leads in production. Russia controls OPEC. Saudi Arabia tries to dance at weddings in Washington and Moscow. The production cut should slow the... [Read More]
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Yemen is a small, very poor country that lies along the southwest border of Saudi Arabia. Income per person is about $600, making it comparable... [Read More]
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"Pakistan's relationship with Saudi Arabia goes back half-a-century and has got nothing to do with Yemen or Khashoggi." [Read More]
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In its monthly oil market report for December, OPEC lowered its demand estimates for both this year and next by about a million barrels a... [Read More]
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The United Kingdom-based Wood Group has signed on to do engineering and construction work for a nearly $8 billion petrochemical complex near Corpus Christi that's... [Read More]
The Organization of the Petroleum Exporting Countries says its total oil output fell slightly in November while production by the cartel's biggest member, Saudi Arabia,... [Read More]
In a monthly report, OPEC said its oil output fell by only 11,000 barrels per day despite U.S. President Donald Trump's reimposition of sanctions on... [Read More]
Russia played a big part in making possible a new OPEC+ deal to curb production, but initially it's letting Saudi Arabia shoulder the bulk of... [Read More]
Saudi Arabia's energy minister held talks Monday with US Energy Secretary Rick Perry, after the kingdom and its allies defied US pressure to cut oil... [Read More]
Saudi Arabia's Energy Minister Khalid al-Falih said in a tweet he had discussed the state of the oil market with U.S. Energy Secretary Rick Perry... [Read More]
Iran, Libya and Venezuela were exempted from the cuts - but that won't make an impact on the output ceiling. It is unclear yet if... [Read More]
International Business News: While it's unlikely the fees will be canceled altogether, a ministerial committee is looking at modifying or restructuring them, one of the... [Read More]
Saudi Arabia is reviewing its policy of imposing fees on expatriate workers after rising costs inflicted economic pain and contributed to an exodus of foreigners. [Read More]
A new Washington Post Report has revealed telling details about business ties between Saudi Arabia and US President Trump. [Read More]
Saudi Arabia, Russia and the rest of the OPEC+ coalition delivered a bigger-than-expected oil production cut, sending prices soaring and defying President Trump's calls for... [Read More]
Today, a group of 11 Democratic senators are reiterating their call for President Donald Trump and the Trump Organization to disclose any financial ties between... [Read More]
Oil prices crept higher in early Friday trading as Saudi Arabia said it remained skeptical of an agreement among major producers to cut output given... [Read More]
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