Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.
The world's biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade.
A Saudi Arabian unit of U.S. oil major Chevron has told its Kuwaiti partner it plans to shut down an oilfield jointly operated between the two Gulf OPEC countries next month over long-standing disputes, three industr ...
Sipchem has announced the initial start-up of the polybutylene terephthalate plant (PBT) of Sipchem Chemical Company (affiliate of Sipchem) at its complex in Jubail Industrial City on April 20, 2015
Acwa Holding, a regional infrastructural developer in the power and water sectors, said along with its joint venture partner US-based Air Products, it has won a major contract from Saudi Aramco to build, own and oper ...
Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki said on Monday.
Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...
Russia has been holding active, "unprecedented" consultations with the Organization of Petroleum Exporting Countries, a senior official said on Wednesday, a clear signal of Moscow's strive for higher oil prices.
Saudi Arabia should eventually consider raising its domestic water and power prices to limit rapid growth of consumption in the world's largest oil exporter, a deputy electricity minister said on Tuesday.