Oil Prices Rise as Saudi Signals 1m Barrel/Day Cuts to Curb Supply Glut

Oil prices rose on Monday after weeks of losses on oversupply and weak demand forecasts after Saudi Arabia signaled that it would cut supply in order to stabilize the markets.

Saudi Arabia

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Oil Prices

Oil gains after Saudi paves the way for an output cut

Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its ...



Secretary Pompeo’s Call With Saudi Crown Prince Mohammed bin Salman

The Secretary emphasized that the United States will hold all of those involved in the killing of Jamal Khashoggi accountable, and that Saudi Arabia must ...


War in Yemen

US to stop refueling of Saudi aircraft in Yemen war

The Saudi statement said it had "increased its capability to independently conduct inflight refueling," and therefore "requested cessation of inflight refueling support for its operations ...


Saudi Aramco IPO

Saudi Aramco CEO says IPO will ‘certainly’ happen

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right. ...


Oil and Gas

Saudi Aramco ‘on way to becoming gas powerhouse’

Saudi Aramco has outlined to Arab News how it plans to massively ramp up its multibillion-dollar natural gas business, both in the Kingdom and overseas, ...



Virgin Hyperloop One seeing ‘big interest’ from Saudi investors

For Sulayem's part, he said that any talks over a Saudi deal with Virgin Hyperloop One would likely come after the completion of a project ...



Saudi Arabia and Russia have a ‘long-term relationship’ despite output U-turn, Dan Yergin says

"I think it's intended to be a long-term relationship and it started off about oil prices but you see it taking on other dimensions, for ...


Saudi Nuclear Energy

New House Democrat bill could punish Saudi Arabia

Obtained exclusively by Vox, the bill — nicknamed the “No Nuclear Weapons for Saudi Arabia Act of 2018” — if passed would be the strongest ...


Maan Al-Sanea

Date set for auction of Saudi tycoon’s properties

The auction, originally planned for late October in the city of Khobar in Eastern Province, was delayed by a last-ditch attempt to reach a settlement, ...



King Abdullah Economic City contracts surpass $320m in 2018

Industrial Valley is a mixed-use commercial and residential development situated along the Red Sea on the kingdom's west coast. It aims to attract international companies ...



Saudi crown prince meets British special envoy

Saudi Crown Prince Mohammed bin Salman has discussed bilateral relations with British Prime Minister Theresa May’s special envoy, Simon McDonald, the Saudi Press Agency reported ...


Saudi +

Regional and related topics

War in Yemen

Fighting rages street-to-street in Yemen’s key port city

Street battles raged on Sunday in several areas of Yemen’s contested port city of Hodeida, where a U.S.-backed, Saudi-led coalition is trying to drive out ...


Jamal Khashoggi

Turkey ‘shared tapes’ with Saudi, US

"We gave the recordings, we gave them to Saudi Arabia, we gave them to Washington, to the Germans, to the French, to the English," President ...



The United Arab Emirates in the Horn of Africa

The United Arab Emirates (UAE) has been expanding its role in the Horn of Africa. Along with other Gulf powers, it is broadening its ties ...



Rosneft’s Middle East Strategy Explained

One of the regions of attention is Iraq’s northern Kurdistan area where Rosneft CEO Igor Sechin has made several important deals, cementing the company’s position. ...


ME Executives

Global Meets Local: Top 100 Executives In The Middle East 2018

This year’s list has regional heads from 29 nationalities with French citizens making up the major chunk with 13 entries. Keeping in line with global ...


Graffiti Art

The Six: Middle East-based graffiti artists to watch out for

These Middle East-based graffiti artists are redefining the urban landscape in cities across the region. ...


MENA Education

Opinion: Fixing the education crisis in the Middle East and North Africa region

But in the Middle East and North Africa region, education has become a source of widespread frustration because it is not delivering the skills young ...



Italy to host Libyan conference in fresh push for elections

Many of Libya’s leading factions will meet on Monday in Palermo, southern Italy, in an effort to reunite the country’s institutions and find a new ...



SoftBank’s Son Is Raising $21 Billion in IPO to Fund Tech Deals

Son is listing the company’s cash cow as he transforms SoftBank from a telecom operator into a global investment company, with stakes in marquee startups ...


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