Net long positions in WTI and Brent jumped by most in three months in the period from July 3 to July 11. Even if the recent Saudi moves didn’t result in major price rallies in […]
Saudi Arabia is dominating the market for new gas-fired power plants in the Middle East, with Mitsubishi Power providing the kingdom with advanced technology, according to Javier Cavada, president and CEO of Europe, the Middle […]
The International Monetary Fund (IMF) has approved a much-awaited $3bn bailout for Pakistan, a move that is likely to help prevent the South Asian country from defaulting on its debt repayments. In a statement on […]
Aramco’s CEO Amin Nasser believes that the oil market fundamentals remain generally “sound” for the rest of the year. “Although China is facing some economic headwinds, the transport and petrochemical sectors are still showing signs […]
The U.S. is predicted to break a new record in oil production this year, with current production at 12.4 million barrels per day, primarily due to increased output in tight oil and shale gas regions. […]
China and the Gulf Cooperation Council, an economic group of Middle East states that are one of the world’s fastest-growing regions, wrapped up a high-profile, two-day Arab-China Business Conference in Riyadh last Monday that made […]
Saudi Arabia’s decision to cut production on its own may not have been in its best interests. Russia’s strategy has been to persuade Saudi Arabia to increase the group’s oil prices as much as possible […]
Saudi Arabia’s Ministry of Investment has signed a $5.6 billion deal with Chinese electric vehicle (EV) maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said […]
Via The Cradle, Saudi Arabia’s Ministry of Investment signed $10 billion worth of investment agreements with Chinese companies on June 11, the first day of the 10th Arab-China Business Conference in Riyadh. The deals include […]
Saudi Arabia and China’s strengthening relationship is increasingly important to both Riyadh and Beijing as the kingdom pushes ahead with Vision 2030 and China with its Belt and Road Initiative (BRI). Saudi Arabia’s geoeconomic pivot […]
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