Adding to global economic uncertainties, oil prices rose about 5 percent on Monday after Saudi Arabia and other major producers announced a surprise cut in crude production.
Category: Saudi Arabia
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In Surprise, OPEC Plus Announces Cut in Oil Production
Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.
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Boeing Secures Big Order With Airlines in Saudi Arabia
The order is the latest involving dozens of planes from airlines that are new or have plans to grow rapidly.
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Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.
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Tommy Fury Beats Jake Paul by Split Decision in Saudi Arabia
Paul, the social media influencer turned fighter, had never faced a full-time boxer until Sunday’s bout with Tommy Fury. He had also never taken a loss.
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The Fury-Paul Fight: YouTube Boxing Meets Saudi Money
Tommy Fury and Jake Paul have been trading verbal jabs for months. After being postponed twice, their fight on Sunday is being staged in Saudi Arabia, and ESPN is streaming it.
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PGA Tour Seeks to Add Saudi Wealth Fund to Lawsuit Over LIV Golf
A federal judge will decide whether one of the tour’s leading avenues to investigate and challenge a new rival can be expanded.
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LIV Golf Series Reaches TV Deal With The CW
After its debut season was relegated to internet platforms, the circuit that includes Phil Mickelson and Cameron Smith will be on the CW network in 2023.
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Ronaldo Is Said to Sign With a Saudi Team
The soccer superstar will be paid handsomely to play in the Middle East in the twilight of his career.
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Confidential Records Show a Saudi Golf Tour Built on Far-Fetched Assumptions
McKinsey documents suggest the Saudi league is far off-track for success. Experts say the analysis shows it was never just about profits.