Oil Hits $80 for First Time in Three Years, Saudis Consulting Other Producers on Supply

The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia's powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply "anxiety," according to reports.

Saudi Arabia

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Global Oil Markets

Saudi Arabia assures on supply as oil hits $80 a barrel

OPEC’s most influential energy minister, Saudi Arabia’s Khalid al-Falih, said in a Twitter post that he had called his counterparts in the United Arab Emirates, ...


U.S. Operations

Saudi Aramco and SABIC set to compete in US petrochemical market

Both firms are planning large-scale petrochemical complexes along the US Gulf Coast. Saudi Aramco is making its first foray into the US petrochemical industry and ...


General Culture Authority

Saudi Arabia’s GCA Chief On Building An Industry, Changing Perceptions

GCA CEO Ahmad Al-Maziad came by Deadline’s Cannes Studio to discuss how the Kingdom is developing guidelines for content, its ongoing discussions with Hollywood and ...


Formula E

Why Formula E is racing in Saudi Arabia

Formula E's 20th host city will be Riyadh, the capital of Saudi Arabia – the first location the championship will visit in the Middle East. ...



A Saudi-Backed Asia Refinery Is Going to Be a Fuel Juggernaut

State-run Saudi Arabian Oil Co. is helping finance a $27 billion refinery and a petrochemical complex in Malaysia’s southern state of Johor. The project, known ...



Land acquisition woes thwart India’s mega refinery plan with Saudi Aramco

At the International Energy Forum in Delhi in April, the world's top oil producer Saudi Aramco inked a preliminary deal to partner with a consortium ...


Saudi Foreign Policy

Analysis: Saudi Arabia and Middle East Battle Lines

As a nation state that has traditionally operated within an established regional order, Saudi Arabia continues to view the 2003 US-led invasion of Iraq as ...


Makkah-Madinah High Speed Rail

Saudi high-speed rail line to start operating in September

Saudi Arabia in 2011 awarded the contract worth 6.7 billion euros ($7.1 billion) to the consortium of 12 Spanish companies and two Saudi firms for ...



Fitch Reports on Saudi Arabian Money Funds; Govt MMF Assets Rise

Fitch Ratings published a report, "Money Market Funds in Saudi Arabia," which sheds some light upon the embryonic money market fund industry in the Middle ...


Saudi Women Drivers

Video: Saudi Arabia To End Ban On Women Driving

Here's everything you need to know about Saudi Arabia getting ready to end its infamous ban on women driving. @viviannereim reports for #tictocnews ...


Women's Rights

Saudi Arabia Arrests Activists Who Campaigned for Women’s Right to Drive

At least five people have been rounded up so far, according to civil-rights activists who spoke on the condition of anonymity. Those targeted had one ...


Green Falcons

Saudi Arabia boss names squad for World Cup warmup matches

Saudi Arabia coach Juan Antonio Pizzi has named a 28-man squad for the pre-World Cup friendlies against Italy, Peru and Germany. ...



Businesses In Saudi Arabia Struggle With Changing Regulations

The country is imposing new rules in an attempt to diversify the economy. In a Riyadh mall, shop owners scramble to adjust to new ways ...



King Salman: Saudi committed to fighting extremism, terrorism

Saudi Arabia remains fully committed to fighting extremism and terrorism, Saudi king Salman Bin Abdul Aziz said in an address to Muslims on the holy ...


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Regional and related topics

Iran Nuclear Agreement

EU to block Trump’s Iran sanctions by activating old law

The European Commission will on Friday launch a trade defense law in response to U.S. economic sanctions against Iran in a bid to keep the ...


U.S. Shale

Oil Is Above $70, but Frackers Still Struggle to Make Money

Of the top 20 U.S. oil companies that focus mostly on fracking, only five managed to generate more cash than they spent in the first quarter, according to ...


Iraq Elections

Iraqi Elections and U.S. Interests: Taking the Long View

Despite an evidently strong showing by Muqtada al-Sadr's Sairoon alliance in Iraq's May 12 vote, "hot takes" are particularly useless for Iraqi elections, because the ...


U.S. Military Technology

Calm Down, Folks: Enemies Still Fear US Military Tech Innovation

Where most countries focus on one or two areas, America has a huge, well-funded R&D infrastructure that pushes the envelope everywhere. ...



Islamists are losing support in Jordan

In the Middle East, rare Islamist losses in their own strongholds show the failure of Islamist appeals to keep previously reliable supporters. This just happened ...



Why Qatar is raising cows in the desert

Until June Qatar imported milk from Almarai, a Saudi conglomerate. Then Saudi Arabia and three other Arab states closed their borders to punish Qatar for ...


Iran in the Region

Commentary: Iran maneuvers around gaps to preserve interests in Syria

Tehran sees the recent European activism in Syria as part of a wider plan, devised primarily to undermine Iran’s regional influence. ...


Bitcoin Electricity

Commentary: Bitcoin’s energy use accelerating

By late next year, bitcoin could be consuming more electricity than all the world’s solar panels currently produce — about 1.8 percent of global electricity, ...


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