Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month, following its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.
Cheap oil from Iran is filling the hole left by Saudi Arabia and Russia’s productions cuts
Cheap oil from Iran is filling a hole left in the market as Saudi Arabia, Russia, and other major oil producers pull back on crude output. Iranian oil shipments hit 1.6 million barrels a day on average during the months of June and May,
With aspirations beyond golf, Saudi Arabia will launch a sports investment group
Last year, when Saudi Arabia’s Public Investment Fund set up its own golf league to compete with the PGA Tour, we pondered whether the country with massive amounts of oil money would ever turn its …
What Types of Expats Can Get Pensions in Saudi Arabia?
The social insurance regulations allow expats to benefit from pensions except for a few restrictions. These expatriates are divided into the following categories:1. Saudi national’s wifeIf a Saudi …
New Civil Code makes doing business in Saudi Arabia more attractive
The Code enhances the appeal and transparency of doing business in Saudi Arabia, and secures more predictability and certainty for Saudi Arabia as a jurisdiction, to match other civil law …
New Civil Code makes doing business in Saudi Arabia more attractive
The Code enhances the appeal and transparency of doing business in Saudi Arabia, and secures more predictability and certainty for Saudi Arabia as a jurisdiction, to match other civil law …
At OPEC, Saudi Arabia defends oil cuts with Russia, despite mild market reaction
The kingdom’s energy minister called for more transparency in the market, despite several news organizations being prohibited from reporting on the OPEC conference he was speaking at.
At OPEC, Saudi Arabia defends oil cuts with Russia, despite mild market reaction
The kingdom’s energy minister called for more transparency in the market, despite several news organizations being prohibited from reporting on the OPEC conference he was speaking at.
Cuts in Russian, Saudi Arabian oil production not having major impact on prices
but also with validation from the Russian side,” he added. READ ON THE FOX BUSINESS APP Western observers were concerned that further cuts from Russia and Saudi Arabia could cause oil prices to spike …
Foreign Ministry: Natural resources in divided submerged area are jointly owned by Saudi Arabia, Kuwait
Logo ofMinistry of Foreign Affairs The ownership of natural resources in the submerged divided area, including the entire Durra field, is a j …