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Saudi Arabia

oil - petrol - A man fills up his car

Oil down on U.S. stock build, record Saudi output

08/04/2015(0)
Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. The decline in ... Read More
oil-well

Saudis Raise Oil Pricing to Asia on Signs of Demand Growth

06/04/2015(0)
Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving. State-owned Saudi Arabian Oil ... Read More
Oil_well

Oil prices surge after Saudi air strikes in Yemen

26/03/2015(0)
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as ... Read More
Oil_well

Saudis’ Oil Price War Is Paying Off

27/02/2015(0)
Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at ... Read More
saudi-arabia

Saudi plan to open stock market to foreign investors at ‘advanced’ stage

26/02/2015(0)
Saudi Arabia’s plan to open its stock market to foreign investors is at an “advanced” stage, and the kingdom has already received substantial interest from overseas, said a senior ... Read More
Brent Crude Oil

Canada and Saudi oil set for refinery showdown

08/01/2015(0)
As a test of wills between OPEC nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for ... Read More
saudi-arabia

Saudi Arabia will allow foreigners to own stakes in its listed companies

30/12/2014(0)
Saudi Arabian stocks rallied yesterday amid signs that that the world’s biggest oil exporter would allow foreigners to own stakes in its listed companies by April next year. The ... Read More
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Saudi, UAE signal no push for OPEC oil cut

26/11/2014(0)
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group’s meeting this ... Read More
saudi-arabia

Investigation of Mobily accounting errors key test of Saudi Arabia’s governance resolve

24/11/2014(0)
An investigation into accounting irregularities at Saudi Arabia’s No 2 phone operator is shaping up as a key test of governance as the kingdom’s markets open up to foreign ... Read More
natural gas pipes

Oil price swoon pulls WTI crude to 3-year low

05/11/2014(0)
Oil prices fell to a three-year low Tuesday as Saudi Arabia cut prices of crude exported to the U.S., raising the specter of a bruising battle for market share ... Read More
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