Saudi Arabia News

Oil prices edged higher on Tuesday breaking a multi-session losing streak ahead of the highly awaited OPEC+ meeting. The OPEC+ meeting is widely anticipated to deepen and extend cuts to oil production amidst concerns of supply being continuously higher than demand. ...

The People's Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum, according ...

Oil prices hovered near their fourth consecutive week of decline as they remained mostly flat in early Asian trade after falling almost 5% to a four-month-low on Thursday on concerns over global demand following weak data from the US and Asia. ...

Oil prices ended almost 2% higher on Friday as Iraq expressed support for OPEC+ countries' oil cuts prior to a meeting in two weeks and as market participants covered massive short positions ahead of weekend uncertainty.Still, oil prices closed with weekly ...

Oil prices ticked higher on Thursday after slipping over 2% on Wednesday, the lowest in more than three months on concerns over weakening demand in the world's second-largest oil consumer China and the US. Today, Brent crude futures gained 0.8%, to ...

Oil prices saw some relief on Tuesday on concerns over weak demand in the world's second-largest oil consumer China, with investors keenly awaiting trade data due later today to gauge demand from Beijing. Brent crude futures slipped 0.3%, to $84.95 per ...

Commerce and Industry Minister Piyush Goyal met with Saudi Arabia's Minister of Investment Khalid A Al-Falih to discuss ways to boost bilateral investments between the two countries. Goyal also participated in the seventh edition of the Future Investment Initiative (FII) in Riyadh....