Saudi Oil Cut Risks Leaving Bitter Taste for Budget
Description
Saudi Arabia's plan to slash oil production by around 10 percent may hit its finances hard.
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Saudi Oil Export Revenue Falls to Lowest in Nearly Two Years
Description
The decline comes amid a spluttering recovery in energy markets.
Saudi Oil Revenue Drop Rounds Off Year of $326B Windfall
Description
The second-biggest windfall in Saudi history gives the crown prince more cash to power his drive to diversify and open up the economy of the world's largest crude exporter.
Saudi PIF to Acquire 25 Percent Shareholding in Alkhorayef Petroleum
Description
'This transaction forms part of PIF's broader efforts to deepen the manufacturing sector in Saudi Arabia'.
Saudi PIF, Partners Reach Financial Close for Solar Projects
Description
The projects are expected to generate over 2.6 GW for Saudi Arabia.
Saudi Plans to Study Small Nuclear Reactor Tech
Description
The kingdom aims to study all types and applications of atomic generation.
Saudi Prince Says Oil Disconnect May Force OPEC+ Action
Description
OPEC+ may be forced to cut production.
Saudi Revenues Surprise, Top Expectations Despite Oil Cuts
Description
Saudi Arabia recorded higher budget revenues than expected this year despite a sharp drop in oil prices and production.
Saudi to Cut Output by 1MM BPD in Solo OPEC+ Move
Description
The extra cut in July takes Saudi Arabia's production to the lowest level for several years after a slide in crude prices.
Saudi Transfers 4 Percent of Aramco Shares to Sanabil
Description
The divestment to Sanabil Investments follows efforts to diversify the Kingdom's oil-reliant economy by refocusing government investment on private and other sectors, as laid out in Saudi Vision 2030.