Not since the early 1980s has Saudi Arabia seemed so powerful. But the kingdom’s dominance of the oil market could prove fleeting, as policymakers grapple with multiple challenges that could slash ...

For many years, Saudi Arabia stood as the world’s biggest net exporter of crude oil. What surprises many is that the country also consumed a huge amount of its own oil. Since the early 2000s, its oil ...

While oil is still the primary driver of Saudi Arabia's economy, the kingdom is now diversifying its growth drivers into areas such as artificial intelligence, tourism and sports. Saudi ministers told ...

DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over ...

LAUNCESTON, Australia, Aug 14 (Reuters) - OPEC+'s recent decision to fully unwind 2.2 million barrels per day of crude oil output cuts has largely been viewed as a sign the exporter group is pivoting ...

Saudi Arabia’s crude oil exports hit a seven-month high in September as its production jumped to a 29-month high, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday.

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Saudi oil giant Aramco has issued a $4-billion bond as it tapped the debt ...

FILE - Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil, File) (Amr ...