Page 34 - Saudi Arabia

Oil prices rise after Saudi warns OPEC could cut output to correct drop

Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near flat

Saudi betting on EV batteries may prompt others to announce ambitious plans

The world's oil capital, Saudi Arabia wants to go electric and get clean. To do so, it's getting its hands on minerals critical for batteries and taking a stake in the electric vehicle-supply chain

Saudi Arabia's economy is booming and this time it isn't only about oil

The property market of Saudi Arabia, the world's biggest exporter of oil, is red-hot as income from a spike in energy prices flows through the economy

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Saudi oil giant Aramco tops own record with $48-billion profit in Q2

The company is using the windfall to reduce debt and invest in a huge expansion of its production capacity, rather than boost payouts to shareholders

Pak Army chief Gen Bajwa reaches out to UAE, S Arabia for bailout package

Pakistan Army chief General Qamar Javed Bajwa has reached out to Saudi Arabia and the UAE as part of his efforts to ensure financial assistance for the cash-strapped nation

Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May

OPEC+ boosts September oil output by slower pace than previous months

The OPEC+ coalition said it will increase output to 100,000 barrels a day next month after raising it by by 648,000 barrels per day in July and August.

US approves massive arms sale to Saudi Arabia, UAE to counter Iran

The Biden administration has approved two massive arms sales to Saudi Arabia and the United Arab Emirates to help them defend against Iran.

Saudi to push OPEC+ to increase oil production at upcoming meeting: Report

Saudi King Salman bin Abdulaziz assured US President Joe Biden of the production increase when they met on July 16

Donald Trump says Saudi-funded tour creates 'gold rush' for players

Former President Donald Trump was part of the Saudi-funded LIV Golf Invitational pro-am, put on by a breakaway league he says is creating a gold rush for players

Macron hosts Saudi crown prince with oil, Iran, human rights on agenda

French oppn figures and human rights groups have criticised Macron's decision to invite to dinner at the Elysee Palace a man Western leaders believe ordered the murder of a prominent Saudi journalist

Saudi Arabia may hike oil price to record even as traders see risks

The world's top crude exporter is expected to price its Arab Light crude to Asia at a $10.80-a-barrel premium to the region's benchmark for September-loading cargoes

Greece, Saudi Arabia to explore further cooperation in several sectors

Greece and Saudi Arabia will explore further bilateral cooperation in many sectors with emphasis on energy, as announced by the two sides during 2-day visit of Saudi Arabia's Crown Prince to Athens

Saudi Crown Prince arrives in Greece, 1st EU visit since Khashoggi killing

Saudi Crown Prince Mohammed bin Salman arrived in Greece on his first trip to a European Union country since the killing in 2018 of Saudi journalist Jamal Khashoggi

Saudi prince plans $80-billion fund, IPO for zero-carbon city Neom

The Neom Investment Fund could potentially expand to 400 billion riyals, Crown Prince Mohammed bin Salman told reporters in Jeddah

SC dismisses plea seeking GST exemption for Haj via private tour operators

The private tour operators argued that the levy is discriminatory as it exempts certain pilgrims who undertake the journey through the Haj Committee of India

Oil, geopolitics, and climate change

Crude oil still commands its place in the fuel market, but investments in oil exploration have gone down as concerns about climate change grow

SC dismisses petitions seeking GST exemption on Haj services for pilgrims

A bench of Justices A M Khanwilkar, A S Oka and C T Ravikumar pronounced the judgment, saying they "dismissed" the petitions on both the grounds of exemption and discrimination

Biden disputes Saudi Arabia's account of Khashoggi murder discussion

Biden disputed the Saudi foreign minister's account that he did not hear Biden blame Mohammed bin Salman for the killing of the Washington Post columnist