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HomeSaudi Arabia

Saudi Arabia

Saudi
Crude Oil News

Closing Bell: Saudi stock exchange recovers 110 points as oil prices fuel rally

January 9, 2023 Mariel Alumit

RIYADH: Saudi Arabia’s Tadawul All Share Index marked a pronounced recovery as it rose 110.27 points — or 1.05 percent — on Monday to close at 10,647.18 following the surge in oil prices encouraged by […]

Oil
Crude Oil News

OPEC’s Oil Production Rises By 120,000 Bpd In December

January 4, 2023 Mariel Alumit

Rebound in Nigerian production sends OPEC production higher in December. The group of producers noted a 120,000 bpd rise in production last month according to Reuters. In December, OPEC pumped 29 million bpd. A rebound […]

China
International News

China Starts Work On The World’s Largest Desert-Based Renewable Energy Project

January 3, 2023 Mariel Alumit

China has broken ground on a renewable energy project worth an estimated $11 billion in the province of Inner Mongolia. According to a Bloomberg report, the project will have a capacity of 16 GW and produce […]

Countries
Uncategorized

20 Countries that Have the Largest Oil Reserves in the World Heading into 2023

December 30, 2022 Mariel Alumit

In this piece, we will take a look at the 20 countries that have the largest oil reserves in the world heading into 2023. For more countries, head on over to 5 Countries That Have the […]

Saudi
Finance

New law in Saudi to enhance energy efficiency, promote low-carbon circular economy

December 29, 2022 Mariel Alumit

RIYADH — The Energy Supplies Law, approved by the Saudi Council of Ministers on Tuesday, is expected to have several advantages that contribute to improving the efficiency of energy supply and promote a low-carbon circular […]

Saudi
Finance

Saudi Arabia, Japan sign 15 agreements to boost investments

December 27, 2022 Mariel Alumit

RIYADH — Saudi Japanese Investment Forum witnessed on Monday the signing of 15 agreements between the two countries, according to Minister of Investment Khalid Al-Falih. The agreements included memorandums of understanding in the fields of artificial […]

Oil And Gas
International News

The Middle East Oil And Gas Nations Pouring Billions Into Clean Energy

December 23, 2022 Mariel Alumit

To say that the six countries that make up the Gulf Cooperative Council (GCC) live and breathe hydrocarbons is hardly an exaggeration. About 60years ago, the average city in Saudi Arabia, the United Arab Emirates […]

Azerbaijani
Exploration and Production

Saudi Arabia to invest in Azerbaijani energy sector

December 21, 2022 Mariel Alumit

On December 19, Azerbaijani Foreign Minister Jeyhun Bayramov met with a delegation led by Khalid Bin Abdulaziz Al-Falih, co-chairman of the Intergovernmental Joint Commission between Azerbaijan and Saudi Arabia and Minister of Investment for the […]

Xi Jinping
Geopolitical

Xi Jinping’s Saudi Trip and The Overthrow Of Atlanticism

December 12, 2022 Mariel Alumit

As Atlanticists continue their commitment to a future shaped by energy scarcity, food scarcity, and war with their nuclear-capable neighbors, most states in the Persian Gulf that have long been trusted allies of the west […]

Aljazeera International

Saudi minister says ‘all bets off’ if Iran gets nuclear weapon

December 11, 2022 Mariel Alumit

NewsNuclear Weapons Saudi Arabia’s foreign minister has said that Iran’s Gulf Arab neighbours would take measures to shore up their security if Tehran were to obtain nuclear weapons. “If Iran gets an operational nuclear weapon, […]

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