The discount of Dubai oil shrank to the smallest in 15 months over Dated Brent this week
West Texas Intermediate crude settled up 50 cents, or 0.9 per cent, to $53.76 a barrel
Saudi Arabia agreed to cut output by 486,000 barrels per day
Wages stuck after after oil revenue collapse left kingdom unable to pay private firms it had engaged
King Salman serves as chairman of the family business unofficially known as Al Saud Inc
Taking a company as large as Aramco to the market may pose challenges for Saudi Arabia
Vikas Swarup said there are only 10 cases pertaining to the same
Revenues may be boosted next year by higher oil prices
Other US sources confirmed the proposed sale was of precision guided munitions made by US firm Raytheon
Iran and Saudi Arabia have been in a tit-for-tat cyberwar for more than four years
New internal talks set for Monday after no accord was reached; no consensus over production cuts
International schools have been warned against marking holidays for occasions like Christmas and New Year
Saudi Arabia didn't threaten to increase its oil production if other OPEC members wouldn't agree to make cuts, said the group's top official."Their contributions as usual were constructive" at talks with other members of the Organisation of Petroleum Exporting Countries in Vienna last week, Mohammed Barkindo said.OPEC held technical talks at its Vienna headquarters on October 28 aimed at finalising the details of the Algiers agreement to curb output to a range between 32.5 million and 33 million barrels a day. The meeting ended without reaching a deal on quotas for individual members. That prevented an accord with non-OPEC nations the following day. Ministers from the group will meet in Vienna on November 30 to decide how they will share the burden of the production cuts.Oil extended losses earlier Friday after Reuters reported that Saudi Arabia threatened to raise output if other members didn't agree to cuts. West Texas Intermediate crude traded 13 cents, or 0.3 per cent, lower at $44
The daily newspaper Okaz reported that the prince was flogged in a prison in the Red Sea city of Jiddah on Monday
Saudi Arabia has started to play an important role to coordinate between Russia and OPEC, specifically the Gulf countries, says Falih
The government aims to sell dollar-denominated bonds due in five years yielding about 140 basis points more than similar-maturity US Treasuries
When it came to an oil price increasingly influenced by Iran and the proxy war in Yemen they were less forthcoming
Economic growth in the kingdom is slowing, curtailing bank deposits just as the government increases borrowing to help plug a budget deficit that last year was the widest since 1991
A royal decree issued on Sunday from King Salman announced Thamer al-Sabhan would be a minister of state for the Gulf region
Saudi Arabia's Gulf allies have lined up beside Riyadh to criticise the law