Saudi Arabia's non-oil exports reached an all-time high of 515 billion riyals ($137.29 billion) in 2024, the state news agency said on Saturday, as the kingdom continues its push to diversify its ...

Saudi Arabia's crude oil exports increased by nearly 500,000 barrels per day (bpd) in February compared to January, according ...

This move is part of a broader initiative to enhance cooperation across various sectors including tourism and technology.

Saudi Arabia intends to significantly decrease its domestic crude oil usage by 2030, primarily by utilizing the Jafurah shale gas field for increased natural gas production. The Jafurah project ...

Saudi Arabia has been the main proponent of restricting the oil supply in a bid to lift prices. Thursday’s decision is an about-face for Saudi Energy Minister Abdulaziz nin Salman, who has ...

The outlook for Saudi Arabia's crude oil and condensate production looks bullish. The production is expected to increase by approximately 5.2% between 2025 and 2029. The next two years will see ...

Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia's budget deficit, a Goldman Sachs economist warned. The bank's ...

DUBAI (Reuters) -Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund ...

With global oil prices down to a four-year low last week, Saudi Arabia--which depends heavily on its oil revenues to balance its budget and to finance its massive economic transformation plan--could ...

Benchmark Brent crude oil has neared four-year lows Oil revenue made up 62% of state budget last year Kingdom and sovereign fund need more debt, analysts say Oil giant Aramco, long-time cash cow ...