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Commission okays Norway's $1tr wealth fund oil stocks investments

Crude oil falls as Saudi, Russian hike output

Crude oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United...

South Sudan boosts oil output by 70,000 bpd

Saudi seeks OPEC’s’ support to raise oil output

Saudi Arabia is struggling to convince fellow Organization of the Petroleum Exporting Countries (OPEC) members including Gulf allies on the need to raise oil output,...

US to overtake Saudi as crude oil producer

Russia, Saudi seeks big hike in oil output

Russia and Saudi Arabia are pushing Organization of the Petroleum Exporting Countries (OPEC) and its allies to raise oil output steeply from July to meet growing demand...

Houthi threatens attack on Saudi tankers

Houthi rebels hit Saudi oil tanker off Yemen

Yemen’s Houthi group hit a Saudi oil tanker off the main port city of Hodeidah on Tuesday, according to a coalition led by Saudi Arabia.  The coalition said the...

Israeli Prime Minister Benjamin Netanyahu

Netanyahu: Saudi to open airspace to India-Israel flights

Israeli Prime Minister Benjamin Netanyahu said Saudi Arabia has agreed to allow Air India to use its airspace in flights to and from Israel in what could indicate a...

Israeli Prime Minister Benjamin Netanyahu

Saudi to open airspace to India-Israel flights- Netanyahu

Israeli Prime Minister Benjamin Netanyahu said Saudi Arabia has agreed to allow Air India to use its airspace in flights to and from Israel in what could indicate a...

US to overtake Saudi as crude oil producer

Oil rises towards $65 on Saudi commitment to curb output, weak dollar

Oil rose towards $65 barrel on Thursday, supported by Saudi Arabia’s comment that it would rather see an undersupplied market than end an OPEC-led deal to withhold...

US to overtake Saudi as crude oil producer

US to overtake Saudi as crude oil producer

The United States of America is set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising...

South Sudan boosts oil output by 70,000 bpd

US to overtake Saudi as crude oil producer

The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp...

Woman gives birth on Saudi-bound PIA flight

Woman gives birth on Saudi-bound PIA flight

A woman gave birth on board a Pakistan International Airlines (PIA) flight bound for Multan from Saudi Arabia on Tuesday. The crew of the PIA flight came to the aid of...

Yemen: U.N. calls for withdrawal of warring troops from Hodeidah

Saudi led coalition allows first aid ship into Yemen’s Hodeidah port- Local officials

A ship carrying 5,500 tonnes of flour docked in Yemen’s Hodeidah port in the Red Sea on Sunday, the first after more than two weeks of a blockade by a Saudi-led...

Houthi threatens attack on Saudi tankers

Houthi threatens attack on Saudi tankers

By Jite Eriabie  Yemen’s Houthi leader Abdel-Malek al-Houthi said on Thursday that his group could target Saudi oil tankers should Saudi Arabia attack Yemen’s main...