OIL

Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts

Organization of the Petroleum Exporting Countries along with Russia and its allies will curb oil output by a collective 1.2 million barrels a day.
Saudi Arabia's new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher.

Saudi Arabia

News, analysis, and more

OPEC+

New Saudi Energy Minister Calls for OPEC ‘Cohesiveness’

"To achieve market stability, it's imperative we maintain a high degree of cohesiveness within OPEC and within also our partners in OPEC," said Prince Abdulaziz ...

 

OPEC+

Saudi Arabia says deeper OPEC cuts will be considered in December, calls for better compliance

He explained the two countries had not been “inclusive” enough to other OPEC members in previous meetings, promising that this would change over the coming ...

 

Women

Drastic Spike In 2019: Saudi women are joining the workforce in flocks

Saudi women are taking the kingdom's job market by storm, joining the local workforce in record-breaking numbers. The most recent official statistics revealed that the number ...

 

Saudi Arabian Military Industries (SAMI)

Saudi’s SAMI, Spain’s Navantia sign $991 million defense deal

In addition to combat systems integration, the new agreement will focus on system engineering and architecture, hardware design, software ‎development, testing and verification, prototyping, simulation, ...

 

Saudi-Iran

Saudi Arabia calls for ‘deterrent measures’ against Iran’s nuclear violations

Saudi Arabia on Wednesday called on the international community to take deterrent measures against Iran’s violations of the nuclear agreement. Prince Abdullah bin Khalid bin Sultan, ...

 

U.S.-Saudi Relations

Defying Trump, U.S. senators renew pressure on Saudis with focus on Yemen: letter

Republican and Democratic U.S. senators revived an effort to pressure Saudi Arabia over human rights, by pushing the country to fulfill its commitment to provide ...

 

Houthi Attacks

Arab coalition intercepts Houthi drone launched towards Saudi city of Najran

The Houthis, who control the Yemeni capital Sanaa, have in recent months stepped up attacks against targets in Saudi Arabia. They have launched strikes on ...

 

Nesma

Saudi’s Nesma wins $1.6bn contract for The Avenues-Riyadh Phase 1

Set to become the largest leisure and commercial destination in the kingdom, The Avenues – Riyadh once developed will include space for 1,300 stores, in ...

 

Privatization

SWCC privatization gets Cabinet’s nod

It is noteworthy that SWCC is the largest water desalination company in the world and also the second largest electricity power producer in the Kingdom. ...

 

General Authority for Competition

Saudi Arabia to Implement Executive Regulations for New Competition Law on Sep. 25

Obaid explained that the system will include all establishments, businessmen, and persons who do agricultural, industrial or service projects in the Saudi market, with the ...

 

Saudi +

Regional and related topics

Trump Administration

Trump Discussed Easing Iran Sanctions, John Bolton Pushed Back

After an Oval Office meeting on Monday when the idea came up, Treasury Secretary Steven Mnuchin voiced his support for the move as a way ...

 

Global Oil Markets

Oil: US closing in on Saudi Arabia to become the world’s top exporter, IEA says

The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world’s leading oil exporter, after briefly overtaking the OPEC kingpin ...

 

Israel-Palestine

UAE and Saudi Arabia condemn Netanyahu’s ‘dangerous escalation’ after annexation pledge

The UAE and Saudi Arabia have strongly condemned and rejected Israeli Prime Minister Benjamin Netanyahu's pledge to annex the Jordan Valley in the occupied West ...

 

National Security Advisor

Who’s on the Shortlist to Replace Bolton

Depending on who is tapped as his replacement, it also could return a sense of normality to the National Security Council process, which Bolton reportedly ...

 

U.S.-Afghanistan

At Pentagon 9/11 ceremony, Trump says he’s hitting the Taliban ‘harder than ever before’

Hundreds of current and former Defense Department employees who were in the building on Sept. 11, 2001, along with families of the 125 killed, gathered ...

 

Afghanistan

Afghanistan military deployments by the numbers: How 775,000 U.S. troops fought in one war

Data provided by the Pentagon shows that more than 775,000 U.S. service members have deployed to Afghanistan at least once. The numbers detail the story ...

 

Afghanistan

Official: Taliban suicide car bomber kills 4 Afghan troops

An Afghan official says a Taliban suicide car bomber has targeted an Afghan special forces base on the outskirts of Kabul, killing at least four ...

 

EVs

Electric vehicles won’t save us from climate change

Electric vehicles have become a standard talking point for the Democratic contenders for the White House because it helps them appear serious about climate change. ...

 

Qatar

Qatar says new anti-money laundering law meets international standards

Qatar’s cabinet has passed a new law to combat money laundering and terrorism financing that will bring it in line with recommendations from the international ...

 

Libya

Germany aims to host Libya conference to stabilize oil producer

Germany aims to host a conference about Libya this year in conjunction with the United Nations to try to stabilize the oil producing country, where ...

 

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