Saudi Arabia’s oil strategy shift boosts output, pressures prices, and reshapes the crude oil outlook for traders watching OPEC+ compliance and demand.

Saudi Arabia fans will finally get the chance to cheer for their team on home soil after being awarded the FIFA World Cup 2034 on December 11, 2024 [Ayman Aref/NurPhoto via Getty Images] ...

Saudi Arabia’s spending needs are vast, and PIF is at the centre of them, driving the kingdom’s economic transformation. It has already raised about $5bn in debt this year.

Saudi Arabia needed oil to trade at $90 a barrel to break even, and it’s been trading in the $60s instead. Wald, however, believes a focus on the break-even price of oil paints a deceptive picture.

Saudi Arabia will lift its ban on alcohol at 600 sites this year as the country hopes to win over tourists before the 2034 World Cup. Beer, wine and cider could be back on the menu.

Saudi Arabia’s influence in the region and with Mr Trump means that MBS could yet do more. His country has already hosted talks aimed at bringing a ceasefire to Ukraine.

Saudi Arabia needs oil at $96.2 to balance its 2024 budget, the IMF forecasts. Earlier this month, the International Monetary Fund cut the forecast for Saudi Arabia's GDP growth in 2025 to 3% ...

Saudi Arabia has redefined itself not as a buyer of influence, but as a builder of partnerships. Stability in the Middle East is not a partisan goal; it is a bipartisan imperative.

Trump said during his trip to Saudi Arabia he wants the Gulf kingdom to join the Abraham Accords and normalize diplomatic relations with Israel. Hotspots ranked Start the day smarter ☀️ ...

U.S. chip maker Nvidia will partner with Saudi Arabia’s sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project.

Mr. Ratney served as the U.S. ambassador to the Kingdom of Saudi Arabia from 2023 to 2025. Lots of people in Saudi Arabia have a soft spot for Donald Trump. They think of the American president as ...