Dutch Shell executive reduce flaring in Venezuela following Iraq reductions
Mounir Bouaziz, who left Shell last year and is now an independent business developer, said he began talks last October with Venezuelan state oil...
Saudi shares dive after deficit announcement
Saudi shares dived at the start of trading Tuesday a day after the oil-rich kingdom announced a record $98 billion deficit this year and...
Saudi fiscal reserves slide to 4-year low on weak oil
Saudi Arabia's fiscal reserves dropped to a four-year low last year as the government sought to finance a budget deficit caused by plunging oil...
Saudi to stick with its long-term oil strategy
Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low...
Iraq, U.S. Exim Bank to sign $3 billion agreement
The U.S. Exim Bank plans to extend Iraq a $3 billion credit line to help rebuild the country after the war with Islamic State,...
Saudi-Iran tensions may threaten any OPEC deal
OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.
Less than six months after...
Brent oil hits 4-month high on reports of output freeze deal
Global oil prices hit four-month highs on Tuesday, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia...
Jeddah water project phase-II to be over by mid-2016
JEDDAH: Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a...
Saudi to take $10 billion foreign loan
Saudi Arabia will take a $10 billion loan from foreign banks to help close the gap in its state finances from collapsed oil revenues,...
Saudi currency stable despite low oil prices
Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with...
