Saudi Arabia just made it much more likely that OPEC and other oil producers will take action if crude prices weaken. The word that the cartel will meet on the sidelines of an energy conference [ More … ]
Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to September purchases, comes after two [ More … ]
Saudi Arabia is talking the oil market up lately. That’s a big change from a few months when it was talking the market down. In fact, Saudi Arabia has been doing much more than talking [ More … ]
On June 7, Saudi Arabia laid out its National Transformation Plan to shift away from an oil-based economy. To do so, the plan’s architect, Deputy Crown Prince Mohammed bin Salman, intends to create the world’s [ More … ]
The initial public offering of Aramo the world’s largest oil company will not mean an end to a long-time policy of keeping some of its production capacity idle to cushion any disruption in supply, Saudi [ More … ]
Saudi Arabia will introduce new taxes on products such as tobacco and sugary drinks in an attempt to increase government revenue and wean its economy off oil. The kingdom unveiled more details about its ambitious [ More … ]
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