Saudi Arabia

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Saudi Arabia to extend oil output cut through September

Saudi Arabia to extend oil output cut through September

Saudi Arabia has decided to extend the voluntary oil output cut of 1 million barrels per day through September, reported the state-run news agency citing an official from the Kingdom’s Ministry of Energy.  According to the …

Türkiye and Saudi Arabia sign deals on defense and energy

Türkiye and Saudi Arabia sign deals on defense and energy

Türkiye and Saudi Arabia signed a series of deals encompassing investment, the defense industry, energy and communications.  The agreements were signed after delegation meetings led by Turkish President Recep Tayyip Erdogan …

Iran and Saudi Arabia discuss oil market situation

Iran and Saudi Arabia discuss oil market situation

In the capital of Austria, a meeting was held between the head of the Iranian Oil Ministry and the head of the Saudi Arabian Ministry of Energy. The central topic of the talks was the situation on the oil market.

New chemicals giant may be formed

New chemicals giant may be formed

Abu Dhabi is discussing with Austria's OMV the combination of two major chemicals and plastics companies in which they have interests, a source told Reuters. State-run …

Russia cuts oil exports

Russia cuts oil exports

Alexander Novak announced the reduction of Russian oil exports on a voluntary basis. According to him, it will be done to balance the oil market.

Saudi Arabia’s Crown Prince backs Putin over armed mutiny

Saudi Arabia’s Crown Prince backs Putin over armed mutiny

Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud have had a telephone conversation, the Kremlin’s press service said. "Due to the events in Russia on June 24 Mohammed bin …

Putin and Saudi crown prince discuss OPEC + cooperation

Putin and Saudi crown prince discuss OPEC + cooperation

Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman al Saud had a phone call, discussing cooperation within the OPEC+, the Kremlin press office said. "Both sides praised the level of …

OPEC+ announces further voluntary production cuts

OPEC+ announces further voluntary production cuts

The OPEC+ energy ministers met on Sunday in Vienna to iron out next production steps, as global oil prices remain under pressure from broader macro-economic concerns. OPEC+ nations agreed the level of oil production in 2024 at 40.46 …

Kremlin: Moscow has work-like relations with Riyadh

Kremlin: Moscow has work-like relations with Riyadh

The Kremlin said that relations with Saudi Arabia were constructive and based on mutual understanding and respect ahead of an OPEC+ meeting. Asked about relations with Saudi Arabia ahead of the meeting, Kremlin spokesman Dmitry Peskov …

Iranian economy minister travels to Saudi Arabia

Iranian economy minister travels to Saudi Arabia

Iran's minister of finance and economic affairs Ehsan Khandouzi arrived in Jeddah, a Saudi Arabian port city on the Red Sea, on Thursday in the first visit to the kingdom by a senior Iranian official since the restoration of diplomatic …

Assad invited to attend Arab League summit

Assad invited to attend Arab League summit

Saudi Arabia's King Salman bin Abdulaziz has invited Syria's President Bashar al-Assad to attend an Arab League summit in the Gulf country on May 19, Syrian state media reported. Saudi Arabia's ambassador to Jordan, Nayef …

Iran and Saudi Arabia agree to hold friendly football match

Iran and Saudi Arabia agree to hold friendly football match

Iran and Saudi Arabia’s national football teams will most probably face each other in a friendly match in September. President of Iran's Football Federation Mehdi Taj held a meeting with his counterpart the President of …