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.

The increasing demand for local events, interior design contacts, talents and hubs is highlighted as Riyadh hosts Saudi ...

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 ...

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 ...

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 ...

New Delhi: Amraco, a Saudi oil company, has found 14 oil and natural gas fields and oil reservoirs in the eastern region and the Empty Quarter of the country. According to a state news agency, SPA ...

14 oil and natural gas fields discovered in Eastern Region, Empty Quarter Dubai: Saudi Arabia, the world's top oil exporter, on Wednesday unveiled 14 new oil and natural gas discoveries in the ...

The six fields and two reservoirs were found to have Arabian oil of different grades totalling 8,126 barrels per day, according to Reuters calculations based on the announcement. Sign up here.

To fill in the deficit gap, Saudi Arabia will issue more debt this year. The Saudi efforts to diversify the oil-reliant economy need a sustained period of healthy oil demand and relatively high ...

Speaking via video link, Trump urged Saudi Arabia and the broader Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, claiming this move could bring the Russia-Ukraine ...

Rare, 1,700-year-old oil lamp with Temple menorah decoration found in Jerusalem, along with stone molds used to make similar lamps, in an image released on December 26, 2024. (Emil Aladjem/Israel ...