Saudi Aramco has raised $4 billion in its first bond issue of the year, underscoring how prolonged low oil prices are straining both the company’s and the Kingdom’s finances.

Jafurah is projected to deliver up to 2 Bscfd of gas by 2030, yet that would only displace roughly 334,000 bpd of oil equivalent.

With the OPEC+ production hikes, Saudi Arabia may have reached its maximum sustained output capacity, setting up for a repeat of the 2008 failure to increase output when called on. Despite what ...

API Spec 6A is among the oil and gas industry’s most technically rigorous standards and a critical requirement for Middle ...

While oil is still the primary driver of Saudi Arabia's economy, the kingdom is now diversifying its growth drivers into areas such as artificial intelligence, tourism and sports. Saudi ministers told ...

A major international incident may have a big impact on the U.S., including commuters across Southern California. Drivers may see a slight uptick in gas prices by mid-week after a drone strike over ...

DUBAI (Reuters) -The International Monetary Fund upgraded its 2025 economic growth forecast for Saudi Arabia on Tuesday due to a faster-than-expected unwinding of oil production cuts in the world's ...

Saudi Arabia aims to generate 50% of its electricity from renewables by 2030 and reach net-zero emissions by 2060. Major projects like NEOM and multibillion-dollar solar and wind tenders are driving ...

Saudi Arabia has increased oil output, pushing crude prices lower this year in a move that analysts say serves multiple goals: reclaiming market share from Brazil, Guyana and U.S. shale, enforcing ...

This acquisition underscores Merit’s commitment to building a fully integrated global platform for incentives and engagement ...