News

Saudi Arabia signals it can live with lower oil prices, sources say
Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market ...
Oil prices might not recover soon. Here’s what that means for Saudi Arabia’s ambitious transformation plans
Oil prices have dropped over tariffs and tensions within OPEC+. What does that mean for Saudi Arabia’s “giga-projects?” ...
Opec+ agrees to accelerate oil output hike for June despite weak demand
Oil prices fell to a four-year low in April below $60 per barrel after Opec+announced a bigger-than-expected production boost ...
Middle East Eye1d
Why Saudi Arabia can spend more money than it makes even as oil prices drop
Experts often talk about the oil price Saudi Arabia needs to balance its budget, but it has time and space to rely on debt, ...
Saudi Arabia's GDP expands 2.7% in first quarter
By Pesha Magid, Hadeel Al Sayegh and Manya Saini RIYADH/DUBAI (Reuters) - Saudi Arabia’s economy grew in the first quarter, ...
OilPrice.com2d
Oil Price Rout Is Good News for Importers
Cheap crude is fueling growth in major importing nations like India, which is increasingly relying on discounted Russian oil.
US Gives Initial Approval for $3.5 Billion Missile Sale to Saudi Arabia Before Trump's Planned Visit
The United States has given initial approval to sell $3.5 billion worth of air-to-air missiles for Saudi Arabia’s fighter ...
Why Saudi Arabia’s crude oil exports are set to rise from May?
Increased Saudi Arabian production quotas in May are set to drive crude oil export growth, according to shiptracking agency ...
OilPrice.com1d
Oil Rebounds But Set for Another Weekly Loss
Crude oil prices experienced a rebound due to China signaling willingness to negotiate tariffs with the US, despite being on ...