Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in ...

Saudi Arabia, which forged a truce with the Yemeni militants in 2022 after fighting them for years, sees prolonged conflict as a threat to its economic plans and oil infrastructure, which have ...

Commonly referred to as the “lucky well”, Well No. 7 launched Saudi Arabia’s Petroleum history. ... The discovery and exploitation of oil in Saudi Arabia shaped the Kingdom’s development since its ...

There was some thawing in the 1990s when the then-Crown Prince of Saudi Arabia visited Iran for an Islamic summit in what was the first high-ranking Saudi state visit to Iran since 1979.

Saudi Arabia has the lowest oil extraction cost in the world, at around $3 per barrel. That means the vast majority of the revenue earned from each barrel goes into its coffers.

So there is a feeling for many people that Saudi Arabia, for a lot of reasons, isn't a great partner. ESTRIN: The crown prince and de facto ruler of Saudi Arabia is Mohammed bin Salman - MBS. He's ...

The dissonance cuts to the heart of the Saudi kingdom. The government-controlled oil company, Saudi Aramco, already produces one out of every 10 of the world’s barrels of oil and envisions a ...

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 ...