Oil hits 2-year high after Saudi Prince kicks-out officials in anti-graft probe
Oil traded near the highest level in two years, since July 2015, after Saudi Arabia’s Crown Prince, Mohammed bin Salman, ousted
Saudi Arabia backs OPEC cuts extension beyond March 2018 for market stability
Mohammed bin Salman, the crown prince of Saudi Arabian backed the extension of OPEC production cuts beyond March 2018, making it all
Saudi Arabia to launch $500bn industrial project in a drive to diversify from oil
Mohammed bin Salman, crown prince of Saudi Arabia, announced plans Tuesday to build an entirely new industrial and business region
How Saudi Arabia is building its $2tn fund
Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it’s holding a coming-out party of
OPEC oil output rises in September as Libya, Nigeria recover
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization
Saudi Arabia raises $12.5bn from dollar bond sale to bolster budget
Saudi Arabia is raising $12.5 billion from its second dollar bond sale this year as the kingdom taps debt markets to bolster its
Qatar’s economy “better than ever,” despite blockade, economy minister says
Ahmed Bin Jassim Al-Thani, Qatar’s Economy and Trade Minister, said Monday that the country’s economy which has been
Saudis may raise domestic gasoline by 80% to equal international prices
Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest
UK sold £3.6bn worth of arms to Saudi Arabia during Yemen conflict, report reveals
Since the start of the conflict in Yemen in 2015, the UK reportedly sold £3.6bn in weapons to Saudi Arabia. According to International
US largest oil refinery, Motiva, shuts down as Harvey floods Port Arthur
Motiva, the largest oil refinery in the United States is shutting down as Hurricane Harvey causes more catastrophic flooding, which