Saudi Arabia, SoftBank ink deal on $200bn solar project
Saudi Arabia has signed a memorandum of understanding with SoftBank Group Corp. for a $200 billion solar power project in the kingdom, calling it the single largest of its kind in the world.
Saudi Arabia
Saudi Arabia ‘blocks some German businesses’ over rift
Saudi Arabia is cutting back on its dealings with some German companies amid a diplomatic spat with its top European trading partner, according to people with knowledge of the matter.
Joint venture behind new Saudi maritime yard up and running
A joint venture which was set up to develop a major maritime yard in Saudi Arabia is up and running.
Libyan oil vying with Saudis and Iraq
Things are looking up for Libya oil traders.
Aramco leads raft of Saudi-UK deals in prince visit
Saudi Arabia’s national oil company signed a batch of deals with U.K. companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.
Saudi Arabia among lowest oil field emissions on planet, Venezuela highest, study shows
A new study published in Nature found oil fields in Saudi Arabia had among the lowest greenhouse gas emissions on the planet, a feather in the cap of the Middle Eastern kingdom as governments worldwide combat climate change.
US oil boom tempts Saudis to consider American crude sale
Even Saudi Arabia wants in on the U.S. oil boom.
As Saudis go nuclear, US seeks an edge over great-power rivals
At a meeting of the International Atomic Energy Agency in Vienna last September, word spread that Saudi Arabia had identified a handful of countries that could build two nuclear reactors in the kingdom. The U.S. wasn’t among them -- until Energy Secretary Rick Perry buttonholed the Saudi delegates and told them America wanted in.
Saudi Arabia says producers should keep cutting for the whole year
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.
Saudi Arabia plans up to $7 billion of renewables this year
Saudi Arabia expects to start up to $7 billion of renewable energy projects this year, with solar plants leading the way.
Saudi Arabia unveils its 2018 budget: economists’ reaction
Saudi Arabia released its second budget since unveiling proposals to reduce the kingdom’s dependence on oil. Here economists comment on the numbers, prospects for crude prices and the direction of government policy.
Video: Saudi Finance Minister on budget, Aramco IPO
Saudi Arabia Finance Minister Mohammed Al-Jadaan discusses the Saudi budget, generating revenue off the Aramco IPO and the government’s anti-corruption crackdown. Watch the video to find out more.
Wood backing efforts to diversify Saudi economy
Aberdeen company Wood said yesterday it was backing efforts to strengthen and diversify the economy of Saudi Arabia and remained committed to “creating and accelerating” employment opportunities in the kingdom.
Goldman warns oil bulls beware as uncertainty grips OPEC meeting
OPEC’s in a quagmire, foreshadowing disappointment for oil bulls counting on the group and its allies extending output curbs by nine months, according to Goldman Sachs Group Inc.
Oil set for best weekly run in year as Saudi upheaval stirs market
Oil is heading for a fifth weekly advance as political upheaval in the world’s biggest crude exporter countered an expansion of U.S. output to the highest level in more than three decades.
Oil trades near 2-year high as Saudi upheaval spurs risk premium
Oil traded near the highest close in more than two years as political upheaval in top crude exporter Saudi Arabia reverberated through a market where prices were already elevated by signs of tightening supply.
Oil advances as Saudi purge bolsters pro-Opec cut Crown Prince
Oil climbed from the highest close in two years as an anti-graft probe in Saudi Arabia was seen to consolidate power in the hands of Crown Prince Mohammed bin Salman, who’s backed OPEC-led output cuts.
Crackdown on billionaires, top officials shakes Saudi Arabia
Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning.
GRAPH: Saudi Arabia leads Gulf nations in cutting break-even oil price
Saudi Arabia, OPEC’s biggest oil producer, is also a leader when it comes to slashing the crude price the country needs to balance its budget.
Saudi Arabia looks to go nuclear while selling more crude overseas
The world’s largest exporter of crude oil, Saudi Arabia has stated its intention to build two nuclear facilities so that it might have more oil to sell.
Saudi Arabia mulls more fiscal expansion in 2018 to spur economy
Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said, as authorities seek to support an economy struggling under the weight of austerity cutbacks.
Crown Prince of Saudi Arabia announces billion dollar city run entirely on alternative energy
Saudi Arabia’s Crown Prince Mohammed bin Salman has announced plans for a new £380 billion city to be built to run entirely on alternative energy and be an innovation hub for the future.
Saudi launches new ‘super’ energy service firm
Saudi Arabia has set up a new company which will spearhead the crusade to make government and public buildings more energy efficient.
WATCH: Inside the remaking of Saudi Arabia
Alaa Shahines gives his take on Saudi Arabia’s great remake and modernization challenges. Watch the video to find out more.
Oil trades near $50 before U.S. data as Saudis curb exports
Oil traded near $50 a barrel in New York before data forecast to show a third weekly drop in U.S. crude inventories, while Saudi Arabia said it planned further curbs on exports.