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Crude advances for fourth week as supply jitters stoke concern
Oil rose for a fourth straight week amid concern that Saudi Arabia and Russia may not pump enough crude to prevent a supply crunch as Iranian cargoes disappear from world markets......»»
European stocks brush 22-month low as Saudi tensions swirl
World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week......»»
Oil market trusts Saudis for now to temper Iran sanctions impact
Saudi Arabia, the world's largest oil exporter, has become a source of market uncertainty just as the U.S. is about to curb Iran's oil exports......»»
Saudis Move to Counter U.S. Oil Strategy
Saudi Arabia is moving to cut the world’s oil supply after U.S. government deals allowed hundreds of thousands of barrels a day of Iranian oil to flow onto world markets, driving down prices......»»
Saudi Arabia"s oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
The comments come as the West has stepped up criticism of China's dumping of cheap green products on the global markets. Saudi Aramco President and Chief Executive Amin H. Nasser.Hamad I Moham.....»»
Saudi Arabia"s $500 million mega-city Neom is creating plans to harvest an unprecedented amount of data from future residents. Experts say it"s either dystopian or genius.
Neom's head of technology told ZDNet that Neom would function as the world's first "cognitive city," which can anticipate residents' needs. A composite i.....»»
Saudi Arabia offers cease-fire to Iran-backed Houthi rebels in Yemen
"It is up to the Houthis now," Saudi Foreign Minister Prince Faisal bin Farhan told journalists. Yemen's Hou.....»»
Saudi Aramco Sees Profit Fall Nearly 45% On Lower Oil Demand
The world’s largest oil exporter saw net income drop sharply last year, reflecting turmoil in oil markets amid the pandemic. read more.....»»
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets......»»
Saudi Arabia Confirms New "Iran-Backed" Drone Attack On Aramco Facility
Saudi Arabia Confirms New "Iran-Backed" Drone Attack On Aramco Facility.....»»
Video captures the moment a missile fired at the capital of Saudi Arabia by Iran-backed fighters is intercepted
Saudi Arabia sai.....»»
Oil futures end higher as Middle East tensions raise stability concerns
Oil futures settled higher on Friday on news of rising tensions between the Iran-backed Houthis political group in Yemen and Saudi Arabia. Reuters reported that the .....»»
The Wall Street Journal: U.S. to remove Patriot missile batteries from Saudi Arabia
The U.S. is removing Patriot antimissile systems from Saudi Arabia and is considering reductions to other military capabilities, marking the end, for now, of a large-scale military buildup to counter Iran, according to U.S. officials......»»
Oil Market: What"s Saudi Arabia"s Game This Time Around?
In March, Saudi Arabia shocked oil markets by increasing output in the face of collapsing oil demand. Oil market experts have several explanations behind the country's actions.Related Stocks: USO,.....»»
Saudi Arabia gets physical with Russia in underground oil bout
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market......»»
Cheap oil isn"t going away, even after record production cuts
President Donald Trump took a victory lap over the weekend for helping convince Russia and Saudi Arabia to make record-shattering production cuts -- but there was no celebration in financial markets......»»
Cheap oil isn"t going away, even after record production cuts
President Donald Trump took a victory lap over the weekend for helping convince Russia and Saudi Arabia to make record-shattering production cuts -- but there was no celebration in financial markets......»»
Oil surges after Saudi Arabia, Russia end price war with historic deal
The deal ends a price war between two of the world's largest oil producers......»»
Oil sinks after Saudi Arabia, Russia end price war with historic deal
The deal ends a price war between two of the world's largest oil producers......»»
Saudi crown prince, Russia"s Putin discuss efforts to stabilize oil markets: SPA
Saudi Arabia's Crown Prince and Russian President Vladimir Putin reviewed in a telephone conversation on Friday the efforts to achieve stability of energy markets to support the growth of the global economy, Saudi state news agency (SPA) reported......»»