Saudi Arabia’s economy is categorised as high-income by the World Bank and is the only Arab country in the G20. It ranks high ...

The president says lower prices could solve a range of problems, but finds early resistance in the oil market.

Saudi oil giant Aramco’s chief executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year. Speaking to ...

The world’s top crude oil exporter, Saudi Aramco, is set to announce on Wednesday a push to invest in lithium production and developments to capture part of the supply chain and diversify from ...

Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in March to their highest in more than a year after benchmark prices spiked on higher demand from China and India as U.S ...

A Saudi normalization deal with Israel could have profound implications for Saudi Vision 2030, positively affecting economic ...

Thanks to the shale revolution and the rise of the Canadian oil industry, US imports of Saudi crude plunged to their lowest in almost 40 years in 2024.

Asked if China and India have sought additional oil volumes from Saudi Arabia on the back of the sanctions, Nasser said Aramco is bound by the levels the kingdom's energy ministry allows it to pump.

The U.S. in recent years has increasingly pulled away from relying on Saudi oil exports, which once was the bedrock of their relationship for decades. Saudi sovereign wealth funds have taken large ...

For decades, one of Saudi Arabia’s most strategic overseas outposts was a little-known office in New York City that coordinated its oil sales to American clients. An anonymous suite in Madison ...

paving way for import of Saudi oil on deferred payment for one year. Prime Minister Shehbaz Sharif and SFD Chief Executive Officer Sultan Abdulrahman Al-Marshad witnessed the signing of two ...

DawnNewsTV The federal government on Monday signed an agreement with the Saudi Fund for Development (SFD) to defer by one year a $1.2 billion payment on oil imports. State broadcaster PTV showed ...