The kingdom is mobilizing its Gulf allies to make sure that Iran’s opening-up to the global economy doesn’t go smoothly. Saudi Arabia couldn’t stop the Iran nuclear deal from ... Read More
Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an ... Read More
After years of building a glut, the world’s oil industry by the end of this year is expected to stop overproducing more crude than the world can use. But ... Read More
Saudi Arabia’s decision to replace its once-influential oil minister is being viewed widely as the latest effort of Deputy Crown Prince Mohammed bin Salman to consolidate power and pursue what one ... Read More
Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 ... Read More
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the ... Read More
Crude oil futures rose around half a dollar on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned ... Read More
Crude oil futures dipped on Tuesday as analysts warned of an intensifying producer race between Saudi Arabia and Iran, wiping out earlier price gains that came from a weaker ... Read More
The Russian Power Ministry says it’s prepared to extend oil manufacturing and exports ought to Saudi Arabia undergo with its menace to spice up output after the failure of ... Read More
Saudi Arabia’s $10 billion financial hub in Riyadh will have gleaming towers connected by sky bridges, cutting-edge climate technology and a monorail that can circle the whole area in ... Read More
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