Saudi Arabia and India have agreed to boost their energy cooperation, including crude oil supply and refinery construction, ...

Saudi Arabia's crude oil exports increased by nearly 500,000 barrels per day (bpd) in February compared to January, according ...

Saudi Arabia plans to displace 350,000 bpd of crude burn with its Jafurah project by 2030, shifting to gas for power and ...

This move is part of a broader initiative to enhance cooperation across various sectors including tourism and technology.

With global oil prices down to a four-year low last week, Saudi Arabia--which depends heavily on its oil revenues to balance its budget and to finance its massive economic transformation plan--could ...

OPEC+ is accelerating its oil output increases by adding 411,000 barrels per day in May. Saudi Arabia faces a budget strain, needing $96.20 oil to break even due to Vision 2030 spending.

The IRICA put the volume of annual no-oil trade between the two countries at 61,000 tons. IRICA reported that Saudi Arabia recorded the highest growth rate in trade with Iran among its neighbors ...

Saudi Arabia, the world’s top oil exporter and a G20 economy, had been expected to see a sharp growth rebound in 2025 on the back of higher crude output, with an October Reuters poll forecasting ...

New Delhi: Amraco, a Saudi oil company, has found 14 oil and natural gas fields and oil reservoirs in the eastern region and the Empty Quarter of the country. According to a state news agency, SPA ...

Saudi Arabia’s discovery: Saudi Arabia has found new reserves and deposits of the highly precious oil and gas, according to the state-run news agency SPA. The SPA further elaborated as it ...

Benchmark Brent crude oil has neared four-year lows Oil revenue made up 62% of state budget last year Kingdom and sovereign fund need more debt, analysts say Oil giant Aramco, long-time cash cow ...

Saudi Arabia is pushing ahead with megaprojects such as The Line in Neom. The kingdom's economy is still heavily dependent on oil revenues, but prices have been sliding. A big decline in oil ...