The US decision sent oil futures surging Wednesday as traders digested the likely consequences.
Read More »Oil Biggest Weekly Rise in a month as Iran Sanctions Loom
Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.
Read More »Saudi Arabia Ready to Lessen Impact of Iran Oil Sanctions
After the last round of sanctions were announced in 2011. Saudi Arabia boosted its production.
Read More »Arab Economies. Winners of U.S. Exit of Iran Deal
The U.S. move threatens Iran with lower export income and less access to hard currency.
Read More »Oil Majors to Support R&D at Global Industry Gathering in Abu Dhabi
Oil firms will evaluate technical solutions by researchers from around 27 countries at the two-day event.
Read More »Falih Visits South Korea’s Atomic Energy Research Institute
Saudi Arabia has received requests for information from five countries — South Korea. China. US. France and Russia — to build two nuclear reactors.
Read More »Glencore Cancels Proposed Sale of Stake in Russian Oil Co.
Glencore and QIA have now agreed to dissolve their partnership.
Read More »Saudi Arabia Wants Higher Prices to Kick Oil Addiction
The government has announced big ambitions to transform the economy by diversifying away from oil.
Read More »Saudi Arabia Wants Higher Prices to Kick Oil Addiction
The government has announced big ambitions to transform the economy by diversifying away from oil.
Read More »Innovation Help Qatar Firms to Overcome Blockade
Annual Qatarization certificates were given to Qatar Steel for its efforts in supporting and communicating with the education sector.
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