OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research Francisco Blanch said.
The OPEC+ group of countries will increase oil production by an additional 411,000 barrels per day for the second month in a row. Initially, the talk was to produce 138,000 barrels.
Saudi Arabia announced that May 28 will mark the first day of Dhu Al Hijjah, as the crescent moon was sighted in the Kingdom on Tuesday evening.
An Iranian pilgrim has been detained in the western part of Saudi Arabia. Details of the incident are still unknown.
Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone between the two OPEC heavyweights which share equally output from the area.
Two influential players in world politics are attempting to persuade Hamas to disarm and transform into a political force.
The 2025 Hajj quota was increased for residents of Karachay-Cherkessia
Representatives of Saudi Arabia will participate in the St. Petersburg International Economic Forum (SPIEF), the country’s Ambassador to Moscow Abdulrahman bin Suleiman Al-Ahmed said at the 16th International Economic Forum Russia - Islamic …
U.S. President Donald Trump made a stunning forecast that Syrian President Ahmed al-Sharaa would establish diplomatic relations with …
US-Iran talks on the nuclear program will be successful. The Saudi Arabian Foreign Minister expressed hope for this.
Iran has proposed the creation of a joint nuclear-enrichment venture involving American investments as an alternative to Washington’s demand that it dismantle its nuclear program, The New York Times reported citing sources. …
U.S. President Donald Trump kicked off his trip to the Gulf with a $600 billion commitment from Saudi Arabia to invest in the U.S. Trump and the Saudi crown prince signed an agreement covering energy, defense, mining …
The US President has agreed to meet with the new Syrian leader. The meeting will take place in Saudi Arabia on Wednesday.
U.S. President Donald Trump has arrived in Saudi Arabia on his first state visit after taking the post of the 47th head of state in January. Trump's plane landed at King Khalid International Airport in Riyadh on May 13. Today, the …
U.S. Secretary of State Marco Rubio will travel to Saudi Arabia, Qatar and Türkiye on May 11-16, the U.S. State Department said. Rubio …
The Pakistani authorities hope to defuse the conflict through diplomacy
U.S. President Donald Trump said that he would think about a potential meeting with his Russian counterpart Vladimir Putin in Saudi Arabia during his …
A memorandum of understanding was signed between the Azerbaijan Food Safety Agency and the Ministry of Environment, Water Resources and Agriculture of Saudi …
The 8th meeting of the joint commission on cooperation between the governments of Azerbaijan and Saudi Arabia in the fields of economy, trade, investment, technology, culture, sports, and youth was held in Riyadh on April 28, the Cabinet of …
U.S. President Donald Trump has said that he may meet with Russian President Vladimir Putin shortly after his visit to the Middle East in May. When asked whether he plans to meet with the Russian president, Trump said he will be meeting …
