Without a major change in the Iranian government, there remains a significant potential for future threats to oil supplies ...

Crude oil futures steady near the 200-day average as traders watch OPEC+ output plans and Saudi OSPs. Key levels could drive ...

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

UAE lenders' 1.4x forward price-to-book ratio, exceeding Saudi banks' 1.3x, is supported by strong growth and healthy balance ...

A surge in Saudi corporate lending during the first three months of the year has fuelled the country’s fastest ...

FILE – In this photo released by the Saudi Royal Palace, Saudi Crown Prince Mohammed bin Salman, right, welcomes U.S. President Joe Biden to Al-Salam Palace in Jeddah, Saudi Arabia, July 15, 2022.

The Saudi Arabian government is reportedly on the verge of flooding the global market with oil supply if the Organization of Petroleum Exporting Countries (OPEC) does not commit to reducing oil flow.

Many analysts now see prices in the mid-$60s per barrel for the foreseeable future, below what Saudi Arabia needs to balance its books. The country has been forced to borrow more, with debt ...

While Saudi Arabia charges ahead with oil production cuts and Russia keeps crude flowing to fund its invasion of Ukraine, one country is quietly chalking up wins in the oil market: the United Arab ...

Saudi Arabia's economy swung dramatically from a budget surplus of $27.68 billion in 2022 to a deficit of $21.6 billion in 2023 as it ramped up public spending and decreased oil production due to ...

The CEO of Saudi Aramco said last month that the transition to clean energy “is visibly failing on most fronts.” Amin H. Nasser, who has been president and CEO of the state-owned energy ...

The Saudi Arabia-led producer group has surprised the oil market this year by fast-tracking the return of idled production even as crude prices fell. It has prompted speculation that the cartel was ...