The presence of business leaders at a White House event for Crown Prince Mohammed bin Salman underscores a deepening of U.S. and Saudi ties.
Category: Saudi Aramco
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Saudi Arabia, Rich With Oil, Wants to Be Known as the A.I. Exporter
The kingdom is pouring money into data centers and working with U.S. and Chinese tech giants, landing its A.I. ambitions in the middle of a geopolitical tussle for tech power.
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As Interest in Clean Energy Grows, Saudi Arabia Eyes a Future Beyond Oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
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OPEC to Extend Oil Production Cuts Through June
Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest.
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Saudi Aramco Abruptly Drops Plans to Expand Oil Production
The pullback, at the behest of the Saudi government and made with little comment, probably reflects a more subdued outlook for demand of Saudi Arabia’s oil.
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Tensions Rise at the COP28 Climate Summit
Dismissive comments by the president of the climate gathering raise questions about the host country’s commitment to addressing rising global temperatures.
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In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
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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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What Is the Saudi Sovereign Wealth Fund?
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
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Falling Oil Prices Cause Saudi Aramco’s Profit to Slip 19 Percent
But at nearly $32 billion, the oil giant’s quarterly earnings still far exceeded those of Western rivals, and it announced an increase in dividend payments.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.