The move reflected renewed efforts by the two major exporters to bolster the price of crude.
Category: Saudi Arabia
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BRICS May Add More Countries to the Group. Here’s What to Know.
Saudi Arabia, Argentina, Indonesia and Egypt are among the potential candidates to expand the five-nation bloc, many of them seeking stronger ties with non-Western powers. Iran is also interested.
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‘Barbie’ Debuts in Saudi Arabia, Sparking Delight, and Anger
Denounced in some Middle Eastern countries for undermining traditional gender norms, the hit movie is finding an audience in Saudi Arabia, illustrating the region’s shifting political landscape.
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Tanker in Yemen Is Emptied of Oil, Averting Catastrophic Spill
More than a million barrels of oil on a tanker off the coast of Yemen were transferred to another ship bought by the United Nations. But now a new hurdle looms: Who owns the recovered oil?
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LIV Golf Has Embraced Trump, but Others Are Keeping Their Distance
LIV Golf has embraced the former president. But much of golf’s establishment is keeping its distance, even as LIV and the PGA Tour seek a détente.
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Saudi Aramco Reports $30 Billion in Profit for Latest Quarter
It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.
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Kylian Mbappé Is Target of Record Offer From Saudi Arabia’s Al Hilal
Al Hilal of the Saudi Professional League made a bid to Paris St.-Germain to acquire the French striker in what would be the most expensive soccer transfer in history.
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Pressured by U.S., PGA Tour and Saudi Fund Drop Key Part of Golf Deal
The two parties had promised not to poach each other’s players. Their decision to abandon that clause removes one of the few binding provisions of the agreement that has rocked golf.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.