Saudi Arabia

Amazon’s chief financial officer Brian Olsavsky cited new products and functionality for factors like higher demand and higher bid rates.

Oil prices dropped more than 8% on Monday amid fears that a jump in covid cases will hurt demand just as OPEC+ boosts production.

Coordinated increases in oil supply from OPEC+ will begin in August, the group announced Sunday.

OPEC and allied nations have agreed to eventually raise the production limits imposed on five countries, ending an earlier dispute sparked by the United Arab Emirates that roiled global energy prices.

The temporary but unprecedented gridlock saw the UAE reject a coordinated oil production plan for the group spearheaded by its kingpin, Saudi Arabia.

Saudi Arabia is funding a yet-to-be-announced digital news platform that will have a studio in Washington, D.C.

OPEC is the strongest it has been in years, and they would not want to “upset the applecart,” said Stephen Schork of The Schork Group.

OPEC has been plunged into crisis, with bitter infighting between Saudi Arabia and the UAE raising questions about the future of the energy alliance.

As the 20th anniversary of the Sept. 11 attacks approaches, victims’ relatives and their lawyers are hoping they can finally prove in court what they’ve long suspected: that the Saudi government was complicit.

A meeting between oil producer group OPEC and its partners has been called off.

The United Arab Emirates has pushed back on OPEC+ leaders Saudi Arabia and Russia.

The unexpected rescheduling of the oil producers’ meeting comes after the UAE reportedly objected to a plan for an easing of supply cuts.

Analysts say the most probable outcome is for an increase of around 500,000 barrels per day in August.

Saudi state oil producer Aramco sees an “inflection point” in the market for hydrogen and expects exports to ramp up after 2030.

Biden should rethink “do-no-harm” policy as Middle East countries work through differences

More Saudi women are joining the workforce, according to a Brookings Institution report that said their participation rate rose from 20% to 33% in two years.

Saudi Aramco was the world’s biggest IPO when it went public in December 2019, and listed around 1.5% of its shares on the local stock exchange, the Tadawul.

The Saudi Tadawul Group’s CEO expects a “historic” pipeline of IPOs in the kingdom this year.

The ongoing coronavirus crisis continues to cloud the outlook, and analysts expect this to reaffirm Saudi Arabia’s caution about the global economic recovery.

Saudi Arabia has announced that oil giant Saudi Aramco and petrochemical firm SABIC will fund most of a 5 trillion riyal private sector investment plan.