Saudi Arabia's non-oil exports reached an all-time high of 515 billion riyals ($137.29 billion) in 2024, the state news agency said on Saturday, as the kingdom continues its push to diversify its ...

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

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

Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.

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 ...

The outlook for Saudi Arabia's crude oil and condensate production looks bullish. The production is expected to increase by approximately 5.2% between 2025 and 2029. The next two years will see ...

Saudi Arabia has been the main proponent of restricting the oil supply in a bid to lift prices. Thursday’s decision is an about-face for Saudi Energy Minister Abdulaziz nin Salman, who has ...

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 ...

To fill in the deficit gap, Saudi Arabia will issue more debt this year. The Saudi efforts to diversify the oil-reliant economy need a sustained period of healthy oil demand and relatively high ...

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 ...