Oil prices are under pressure due to Saudi Arabia's price cuts and poor economic data from China. WTI crude experienced its longest losing streak since November 2023, with seven consecutive weeks ...

Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on ...

March 14, 2025 Saudi crude oil supply to China to slump in April, sources say Saudi Arabia's shipments of crude oil to its biggest customer, China, are expected to drop in April to their lowest in ...

A strategic pivot is unfolding in Saudi Arabia’s oil policy, as the kingdom plans to move away from its unofficial target of $100 per barrel. This decision comes as the nation gears up to increase its ...

Arabian Drilling ended the year 2024, with a healthy backlog of SAR 10.3 billion with an addition of SAR 795 million in Q4 ...

The blow to growth from a trade war is likely to hurt the price of oil – the mainstay of the region’s economy.

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S&P Global Commodity Insights estimates that the average break-even price for US shale producers this year is $45 per barrel ...

The expansion was driven by a 4.3% rise in non-oil activities and a 2.6% increase in government activities, while oil activities declined by 4.5% March 10, 2025 ...

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