Page 19 - Saudi Arabia

Oil recovery too fast for its own good; crude prices testing $60 a barrel

Recent increases in crude prices and the rapid drawing down of visible stockpiles will undoubtedly lead to calls for a more rapid raising of prod­uc­tion targets than was envisaged in December

Despite surge, India face no change in crude prices from Saudi Arabia

The oil diplomacy by India has paid dividend with world's largest oil producer Saudi Arabia deciding against raising crude supplies for March delivery to Asian consumers

Joe Biden to end US support for Saudi Arabia-led offensive in Yemen

The move would fulfill a campaign pledge by Biden, whose administration plans to pursue diplomacy to end the overall conflict in Yemen

From lifestyle to tourism: Saudi crown prince announces plans for Riyadh

Saudi Arabia plans to increase the residents of Riyadh from 7.5 million to 15-20 million in 2030

Aramco will launch further share sales, says Saudi Arabia's crown prince

He was speaking at the kingdom's Future Investment Initiative conference

Oil slips as Covid-19 and demand concerns weigh ahead of supply report

American Petroleum Institute said on Tuesday that US crude inventories fell by 5.3 million barrels. Analysts expect them to rise in a Reuters poll ahead of official inventory figures due at 1530 GMT

Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

Oil prices tick up with European shares amid Saudi blast reports

Brent crude was up 32 cents, or 0.6%, at $56.20 by 1433 GMT, while US crude rose 22 cents, or 0.4%, to $52.99.

Vision 2030: Saudi Crown Prince unveils new five-year economic strategy

According to Mohammed bin Salman, the 2021-2025 strategy will "represent a major pillar in achieving the aspirations of our country and aims to achieve the concept of comprehensive development"

Saudi Arabia's exports dropped in November with oil revenue falling by 40%

Total revenue was 58.2 billion riyals ($15.5 billion), down from 80.8 billion riyals a year earlier, according to a statement from the General Authority for Statistics

Saudi TV says missile or drone intercepted over national capital Riyadh

Saudi Arabia said Saturday it intercepted an apparent missile or drone attack over its capital, Riyadh

Dramatic drop in Saudi Arabia executions after laws changed in 2020

Saudi Arabia was for years one of the world's most prolific executioners

Saudi offers $6 trn investment opportunities over next decade: Crown Prince

Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value

Saudi Aramco cuts February crude supply to some Asian refiners, sources say

Saudi Arabia has cut supplies of February-loading crude by 10% for at least two Asian buyers while meeting requirements of at least three others, several refinery and trade sources said

IT major TCS to acquire General Electric's stake in TCS Saudi Arabia

IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for $12,471

Saudi Arabia's Crown Prince plans car-free city for future beyond oil

A news release described The Line as a walkable "belt of hyper-connected future communities, without cars and roads and built around nature."

Saudi Arabia, Qatar to restart direct flights after three years from Monday

This comes after Qatar and Saudi Arabia reopened their land border on Saturday, as they restore ties following a landmark deal to end a three and a half year rift

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week

Oil hits 11-month highs on Saudi output cut pledge, equities rally

The move caps a stellar few months for the oil market, with crude emerging as a favored play to bet on coronavirus vaccines and global reflation

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US