The Saudi Basic Industries Corporation (SABIC) returned to profitability in the third quarter of 2026, reporting a net profit of $133 million (SAR 499 million), compared to $116 million (SAR 434 million) in the same period last year.
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Saudi Arabia's first wind turbine for electricity generation was inaugurated by Saudi Aramco in January 2017 in Turaif, a governorate in the Northern Borders Region.
QatarEnergy is buying American LNG to use its trading expertise and customer network, diversify supply and hedge future revenue losses from Hormuz disruption.
Yemeni Houthis have carried out further attacks on Saudi Arabia, pushing oil prices higher on Friday. The Iran-aligned militia said it had hit several Saudi Aramco facilities.
Gulf oil producers will retain their importance in global energy markets despite the Iran war, industry experts say, with one business leader calling for stronger supply guarantees in order to maintain customers’ confidence.
