Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly ...

EBITDA of SAR 1.20 billion (+14% YoY) and net profit of SAR 533 million (+18% YoY), reflecting resilience across its core ...

Basic Chemical Industries Co. (BCI) signed, on May 7, a memorandum of understanding (MoU) with South African AECI Ltd. to establish a joint venture (J ...

Dubai: Saudi Arabia’s fiscal health faced significant challenges in the first quarter of 2025, with the country’s budget ...

Announced on Wednesday, the fund that is estimated to be worth $925 billion and the primary investor in LIV Golf on the men’s ...

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

It’s no secret that countries with outsized oil production maintain an advantage over other countries. This typically ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

OPEC+ stunned the oil market by doubling its planned supply increase and raising prices for Asia, sparking speculation about ...