Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the two OPEC heavyweights which share equally output from the area. Saudi Arabia and ...

Saudi Arabia may cut its official selling price for crude oil by as much as $0.40-$0.50 per barrel for Asian buyers, Reuters has reported, citing sources from the refining industry. The expected ...

Saudi Arabia has also pledged to invest hundreds of billions in the US over the course of Donald Trump's second term. Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of ...

In a joint statement, which was posted on Saudi Arabia’s energy ministry website and Kuwait’s official oil ministry X account, the governments of Saudi Arabia and Kuwait announced a new oil ...

Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion (€23.4bn) on Sunday, down 4.6% from the prior year as falling global oil prices undermine the kingdom ...

Saudi-listed Arabian Drilling Company expects the second quarter of 2025 ... This guidance reflects a cautious approach in response to the anticipated global reduction in demand for oil and gas, which ...

The ministry noted that this is the first discovery in the area since production resumed in mid-2020 in the Divided Zone and the adjacent offshore areas shared by Kuwait and Saudi Arabia. Highlighting ...

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPEC’s Trillion Dollar Miscalculation), the kingdom has decided to boost ...

RIYADH — The governments of Saudi Arabia and Kuwait announced a new oil discovery in the North Wafra Wara-Burgan field, located approximately 5 kilometers north of the Wafra field in the Partitioned ...