The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions.

The focus of this post is an overview of world oil production, along with a more detailed review of the top 11 Non-OPEC oil ...

Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price ...

Saudi Arabia is pushing ahead with megaprojects such as The Line in Neom. The kingdom's economy is still heavily dependent on oil revenues, but prices have been sliding. A big decline in oil ...

Saudi Arabia, the world’s largest oil exporter, has lowered its crude oil prices for Asian buyers to the lowest level in four ...

Saudi Arabia, the world's top oil exporter, on Sunday slashed crude oil prices for Asian buyers in May to their lowest in ...

Saudi Arabia cut the official selling prices for its oil sharply ahead of a production boost set for next month. The sharpest cut was made for the price of oil sold in Asia, with flagship Arab ...

Crude oil production costs in Saudi Arabia increased by around 11 percent in 2024 but they remained among the world’s lowest costs. Saudi Aramco’s figures published by the Saudi daily Aliqtisadia on ...

OPEC+ is increasing production despite economic risks. Saudi Arabia and OPEC+ are wary of another oil price war with the U.S. under Trump, given their heavy financial losses during the 2014-2016 ...

Consider: Why are U.S. officials traveling to Saudi Arabia to negotiate peace between ... Though Russian oil production fell last year, revenues rose 2 percent. OPEC boosting output could lower ...

Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Steel Pipes and Steel Tubes Market size by value at USD 435.92 million in 2023.

Saudi Arabia has been an aggressive supporter of production control to balance the market in the last five years since its budget requires oil prices of around $90 per barrel. Thursday's OPEC+ ...