Saudi Arabia

RIYADH/WASHINGTON (June 5): Saudi Arabia and three other Arab countries cut off most diplomatic and economic ties to Qatar in an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups i

(May 8): Saudi Arabia’s oil minister said he’s confident that an agreement by producers to curb crude output and shrink a market glut will be extended into the second half of the year and possibly beyond.

CHICAGO/HOUSTON (March 16): OPEC’s worst enemy isn’t US shale drillers. It’s the hedges propping them up.

SINGAPORE (March 15): As the Organization of the Petroleum Exporting Countries’ (OPEC) continues to follow through with its announcement last year to cut production in a bid to end the global supply glut, US shale has been notably making a record comeba

SINGAPORE (Feb 21): ST Electronics has set up a subsidiary, ST Electronics (Saudi Arabia) (STSA), in Riyadh, Saudi Arabia – with a paid up capital of 8.4 million Saudi Riyals ($3.2 million).

KUWAIT (Feb 21): Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.

SINGAPORE (Feb 13): Hyflux announced Monday that wholly-owned subsidiary Hydrochem Saudi Limited has signed a Memorandum of Understanding (MOU) to develop three seawater reverse osmosis desalination plants in the Kingdom of Saudi Arabia.

SINGAPORE (Jan 12): Saudi Arabia was said to cut February crude sales to China and southern Asian nations while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.

(Dec 13): Oil advanced to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year.

DUBAI/MOSCOW/LONDON (Nov 30): An OPEC deal to curtail oil production and prop up global prices appeared in jeopardy as Iran said it won’t make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement.