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Stay informed on the latest legal, regulatory, business and market developments relevant to Saudi Arabia and the region.
The chief of US Central Command, Brad Cooper, flew over the Strait of Hormuz in a CH-47 Chinook helicopter on Sunday as the command said US forces had helped Gulf partners export more than 1.5 billion barrels of crude oil since the summer.
US Central Command on Sunday said it helped Gulf countries export 1.5 billion barrels of oil via the Strait of Hormuz since summer, bypassing an Iranian blockade.
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, based on a proposal by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, directed on Sunday a series of support measures for citizens coinciding with Saudi…
Saudi Crown Prince Mohammed bin Salman and Greek Prime Minister Kyriakos Mitsotakis held talks on Sunday in Riyadh, pledging to deepen cooperation on energy, investment and digital connectivity as the countries marked 100 years of diplomatic relations.
تبدأ السعودية تطبيق تعديلات تعريفة الكهرباء وتعريفتي المياه والصرف اعتباراً من العام المقبل، في خطوة تستهدف رفع كفاءة استهلاك الموارد وتعزيز استدامة الخدمات.
The world's 2nd biggest LNG exporter is securing a hedge into U. S. markets to satisfy contract obligations in Asia and Europe.
Weeks before hosting COP31, Turkey is pitching itself as the key route for Gulf oil and gas. Its climate face and its fossil fuel strategy don’t match.
Saudi shipping company Bahri has signed a SR1.69 billion ($451 million) contract with International Maritime Industries to build three very large crude carriers, expanding its fleet and supporting domestic shipbuilding.
Saudi Basic Industries Corp. returned to profitability in the third quarter, reporting adjusted net income of SR840 million ($220 million) as revenue and earnings improved from the previous three months.
The boundary between shadow and mainstream fleets is blurring as tankers switch from sanctioned oil to Gulf cargoes, shipping analysts have said. Washington is considering easing sanctions to bring more vessels into legitimate trade.
Aramco CEO Amin Nasser says the East-West pipeline will grow by 3 million barrels a day, but the expansion will take two to three years, and the line has been hit by drones repeatedly this year.
Energy traders have long had a recurring nightmare. It starts with a narrow strait between Iran and Oman, through which about a fifth of the world’s oil normally passes, and ends with tankers anchored, insurers raising their rates and the price of a barrel…