The nations forming the OPEC+ alliance slashed oil production in December, one month before the producer group officially began a fresh round of output cuts agreed to late last year in response to a global supply glut and fears of a worldwide recession, according to CNBC.
Saudi Arabia is reportedly eyeing an investment in U.S. liquefied natural gas (LNG) in what would mark a "sea change in the energy flows between the U.S. and Saudi Arabia," the Wall Street Journal reported Tuesday citing unnamed sources.
Photographs of Crown Prince Mohammed bin Salman and some of Saudi Arabia's top officials visiting some of Saudi Arabia's most famous mountains in the Northwest region of the country have gone viral on social media.
Saudi Arabia is seeking a political and economic alliance with six countries bordering the Red Sea and the Gulf of Aden in a move aimed at strengthening its interests in the crucial waterway and in Africa, according to reports.
Authorities in Saudi Arabia’s are cautioning that more thunderstorms and wet weather is on its way to several areas across the Kingdom, as locals brace for the potential for additional flooding and other hazards.
Saudi Arabia’s public prosecutor is seeking the death penalty for five out of 11 suspects charged in the murder of journalist Jamal Khashoggi, Arab News and other local media report.
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’s crown prince on Monday launched a project to build the first nuclear research reactor in the kingdom, Reuters reports, citing the Saudi Press Agency.
Saudi Arabia has adjusted some targets within its five-year National Transformation Plan (NTP), making changes to metrics on the official document that can be found on the Kingdom's Vision 2030 website.
