On the 17th of last month (local time), after driving for about 30 minutes from King Fahd International Airport in Damman, ...

Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike. Doubtless this will be ...

In its 2025 Budget Statement, Saudi Arabia expects a deficit of $27 billion. To fill in the deficit gap, Saudi Arabia will issue more debt this year. The Saudi efforts to diversify the oil-reliant ...

LONDON, May 15 - Oil barely garnered a mention from U.S. President Donald Trump during his glitzy visit to Saudi Arabia this week. But the black gold may explain why the trip went so smoothly. Trump ...

DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices undermine ...

SINGAPORE (Reuters) -Saudi Arabia, the world's top oil exporter, on Sunday slashed its prices for Asian buyers to close to their lowest level in four years, adding to speculation it is seeking to ...

Quarterly dividends have exceeded profits Aramco has flipped from net cash to net debt Vision 2030 project has strained public finances DUBAI, Nov 5 (Reuters) - Saudi oil giant Aramco (2222.SE), opens ...

Saudi Aramco, long known for stable payouts, slashed its dividend by 30%, signaling financial strain and shifting priorities. Since its 2019 IPO, Aramco has significantly underperformed both ...

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DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over ...

Saudi Arabia’s demand for key oil-based power generation fuels fell by an average of 270,000 b/d during June and July. The soft start to the 2025 summer cooling season suggests early progress toward ...

President Donald Trump called the Saudi crown prince to issue U.S. support. Secretary of State Mike Pompeo on Saturday blamed Iran for a massive attack on a critical Saudi oil facility that has put ...