Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to ...

The Middle East is being reshaped, not by war, but by money and influence. As Iran’s grip weakens, Saudi Arabia, the UAE, and ...

Syria is seeking to import oil via local intermediaries after its first post-Assad import tenders garnered little interest ...

Saudi Arabia would need oil to be at $90 per barrel in 2025 to balance its budget, according to Capital Economics.

According to the International Renewable Energy Agency (Irena), the Middle East has less than 1 per cent of the world’s ...

Saudi Arabia's non-oil business sector expanded at its strongest pace in just over a decade in January, driven by a surge in ...

Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil ...

Saudi Arabia's General Authority for Statistics said last week that the kingdom's non-oil GDP growth rate was up 4.3% from 2023, while oil activities declined by 4.5%.

Mr Paknejad said that Tehran had prepared strategies for any situation regarding US sanctions. Read more at straitstimes.com.