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

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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 ...



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 ...



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 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 ...



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 ...



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 +

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Global Oil Markets

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

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National Security Advisor

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Germany aims to host Libya conference to stabilize oil producer

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