Saudi Aramco signaled another potential delay for the world’s largest initial public offering after it started talks last week to buy a stake in a local...
With less than 24 hours to go before a pivotal meeting, Saudi Arabia urged OPEC to help consumers by boosting oil supply as opposition from archrival Iran...
OPEC is discussing a relatively modest production increase before its meeting in Vienna this week, an attempt to bridge the gap between Russia’s push for a...
Since he became Saudi Arabia’s energy minister two years ago, Khalid al-Falih has had a good run: He persuaded a fractious OPEC to cut oil production,...
Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month...
Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a...
OPEC said Iraq, the United Arab Emirates and Kazakhstan, who have lagged in their implementation of a deal to cut production, affirmed their commitment to the...
Saudi Arabia is considering a flexible tax system for state-owned oil company Aramco that would increase royalty payments when crude prices rise, according to...
KUWAIT CITY: Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit...
KUWAIT: Saudi Arabia’s giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco’s...
ABU DHABI: Oil-producing nations are moving closer toward ending a global glut and rebalancing the crude market, and OPEC will decide next month whether to...
RIYADH: Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of its $50 billion program to boost power generation and cut its...
KUWAIT: Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world’s...
KUWAIT: Saudi Arabia is considering increasing retail gasoline and diesel prices in 2017 for the second year in a row, as the world’s top crude exporter...
When OPEC’s new chief starts next week, he’ll take over an organization that’s largely reconciled internal differences after a two-year fight over strategy....
Saudi Arabia is curtailing renewable-power targets as the world’s biggest oil exporter plans to use more natural gas, backing away from goals set when crude...
KUWAIT: Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, adding weight to the campaign by financially stricken...
KUWAIT CITY: Saudi Arabian Oil Co. is pumping at high levels as it sees demand growing, and the state-run company may open a possible share offering to...
KUWAIT: Crude prices are set to rise from current “very low” levels that are hurting producers, Iraq’s Oil Minister Adel Abdul Mahdi said after a meeting of...
KUWAIT: The global oil and gas industry has cut $200 billion from investments this year as low prices discourage new projects, leading to cuts in crude...
Saudi Arabia and its Gulf allies are at odds with Iran and other OPEC members over whether the group should include oil-price forecasts in its long-term...
RIYADH: Oil prices won’t rebound to $100 a barrel because increased prices would draw more shale and other output from higher-cost producers to the market,...
OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers. The...
OPEC producers are stepping up their diplomatic visits before the group’s meeting in two weeks, potentially seeking a consensus on how to react to oil...
MANAMA: Saudi Arabia, the world’s largest oil exporter, is seeking to build crude sales and expand in Asia as OPEC producers fight for market share in the...