The Latest Breaking News from Saudi Arabia

World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts despite already angering the United States with a similar move last year.

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

In the years since Saudi Crown Prince Mohammed bin Salman catapulted to power, it’s hard to find a controversy in the Middle East that doesn’t somehow involve the 37-year-old heir to the throne

Oil prices have soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

Egyptian President Abdel Fattah al-Sisi visited Saudi Arabia on Sunday, Saudi state news agency SPA said, as Cairo seeks financial inflows to ease pressure on its currency and bolster a faltering economy.

Saudi Arabia says it will cut oil production by 500,000 barrels per day from May until the end of 2023

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Sunday a telephone call from his Iranian counterpart Hossein Amir-Abdollahian. The officials discussed several issues of common interest between their countries. They also tackled the future steps they will take after Saudi Arabia and Iran agreed to normalize relations,…

Prince Mohammed bin Salman, Crown Prince and Prime Minister, received on Sunday a written message from President of Djibouti Ismail Omar Guelleh. The message tackled the strong and close bilateral relations that bind their countries and ways to bolster and develop them in various fields. The message was received by…