Saudi Oil Economy
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Oil Giant Saudi Aramco, BYD Announce Alliance To Foster NEV Development
Saudi Arabia is working to diversify its economy, which is dependent on oil export revenue, and wants to set up 5,000 EV charging stations by 2030.
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Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
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OPEC+ Crisis Deepens As Saudi Arabia Refuses To Budge
Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.
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India Again Urges OPEC To Phase Out Oil Output Cuts
Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.
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India's Economy Will Improve, Our Investment Plans There On Track: Saudi Arabia
Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.
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Saudi Arabia Announces New Emergency Stimulus Package For Economy
Saudi Arabia announced emergency stimulus measures on Friday that took its support for the economy to more than $32 billion as it tackles the coronavirus outbreak and lower oil prices, and said it is looking to borrow more to finance a widening deficit.
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"His Vision For Saudi Is Remarkable," Says PM On Crown Prince: 10 Points
Prime Minister Narendra Modi met Saudi King Salman bin Abdulaziz and the powerful Crown Prince Mohammed bin Salman in Riyadh on Tuesday. Speaking at a high-profile investment summit, PM Modi said India will invest a $100 billion in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years. H...
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Saudi Says Considering Long-Term Investments Worth $100 Billion In India
Saudi Arabia, the world's biggest oil exporter, is looking at investing $100 billion in India in petrochemicals, infrastructure and mining, among other sectors, considering the country's growth potential.
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Who Can Boost Crude Supply To Offset Saudi Oil Attacks? Here's A List
Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It's not a long list and much may not be accessible.
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More Than Half Of Saudi Oil Output Hit After Drone Attacks On Aramco Plants
Saudi Arabia drone attack: Explosions and towering fireballs struck the heart of Saudi Arabia's oil empire on Saturday in an apparent wave of drone attacks claimed by Yemen's Houthi rebels. The blows knocked out more than half the kingdom's oil output for days or more and threatened to drive up already high tensions between Iran and its foes in the...
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Saudi Encouraged "Oil Boom" Foreign Workers To Leave. Now It's Struggling
Mohammed Iqbal joined the throng of foreign workers bound for Saudi Arabia during the oil boom of the 1970s, after recruiters from Pepsi visited his native India and dangled an opportunity in the kingdom driving a delivery truck.
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IMF Not Changing Saudi Recovery Forecast Over Khashoggi: Senior Official
The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said.
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Saudi Arabia Offers $6 Billion To Pakistan Amid Economic Crisis
Saudi Arabia has agreed to give Pakistan $6 billion in foreign currency support for a year and a further loan worth up to $6 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan's government said on Tuesday.
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Western Firms' Walkout Over Khashoggi Hurts Saudi Modernisation Plans
The growing number of Western companies distancing themselves from Saudi Arabia over the alleged killing of dissident Jamal Khashoggi is undermining the kingdom's push to diversify its economy beyond oil and provide more opportunities for its young and often restive population.
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Saudi Crown Prince Faces Battle Royal In Wooing US Investors To The Kingdom
Saudi Crown Prince Mohammed bin Salman arrives in the United States next week to kick off a tour of the pillars of the U.S. economy - including meetings with Silicon Valley technology leaders, Los Angeles entertainment executives, oil industry figures in Houston and captains of finance in New York.
-
Oil Giant Saudi Aramco, BYD Announce Alliance To Foster NEV Development
Saudi Arabia is working to diversify its economy, which is dependent on oil export revenue, and wants to set up 5,000 EV charging stations by 2030.
-
Putin, Saudi Prince Urge OPEC+ Powers To Join Oil Cuts For Economy
Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy just days after a fractious meeting of the producers' club.
-
OPEC+ Crisis Deepens As Saudi Arabia Refuses To Budge
Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.
-
India Again Urges OPEC To Phase Out Oil Output Cuts
Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.
-
India's Economy Will Improve, Our Investment Plans There On Track: Saudi Arabia
Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.
-
Saudi Arabia Announces New Emergency Stimulus Package For Economy
Saudi Arabia announced emergency stimulus measures on Friday that took its support for the economy to more than $32 billion as it tackles the coronavirus outbreak and lower oil prices, and said it is looking to borrow more to finance a widening deficit.
-
"His Vision For Saudi Is Remarkable," Says PM On Crown Prince: 10 Points
Prime Minister Narendra Modi met Saudi King Salman bin Abdulaziz and the powerful Crown Prince Mohammed bin Salman in Riyadh on Tuesday. Speaking at a high-profile investment summit, PM Modi said India will invest a $100 billion in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years. H...
-
Saudi Says Considering Long-Term Investments Worth $100 Billion In India
Saudi Arabia, the world's biggest oil exporter, is looking at investing $100 billion in India in petrochemicals, infrastructure and mining, among other sectors, considering the country's growth potential.
-
Who Can Boost Crude Supply To Offset Saudi Oil Attacks? Here's A List
Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It's not a long list and much may not be accessible.
-
More Than Half Of Saudi Oil Output Hit After Drone Attacks On Aramco Plants
Saudi Arabia drone attack: Explosions and towering fireballs struck the heart of Saudi Arabia's oil empire on Saturday in an apparent wave of drone attacks claimed by Yemen's Houthi rebels. The blows knocked out more than half the kingdom's oil output for days or more and threatened to drive up already high tensions between Iran and its foes in the...
-
Saudi Encouraged "Oil Boom" Foreign Workers To Leave. Now It's Struggling
Mohammed Iqbal joined the throng of foreign workers bound for Saudi Arabia during the oil boom of the 1970s, after recruiters from Pepsi visited his native India and dangled an opportunity in the kingdom driving a delivery truck.
-
IMF Not Changing Saudi Recovery Forecast Over Khashoggi: Senior Official
The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said.
-
Saudi Arabia Offers $6 Billion To Pakistan Amid Economic Crisis
Saudi Arabia has agreed to give Pakistan $6 billion in foreign currency support for a year and a further loan worth up to $6 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan's government said on Tuesday.
-
Western Firms' Walkout Over Khashoggi Hurts Saudi Modernisation Plans
The growing number of Western companies distancing themselves from Saudi Arabia over the alleged killing of dissident Jamal Khashoggi is undermining the kingdom's push to diversify its economy beyond oil and provide more opportunities for its young and often restive population.
-
Saudi Crown Prince Faces Battle Royal In Wooing US Investors To The Kingdom
Saudi Crown Prince Mohammed bin Salman arrives in the United States next week to kick off a tour of the pillars of the U.S. economy - including meetings with Silicon Valley technology leaders, Los Angeles entertainment executives, oil industry figures in Houston and captains of finance in New York.
