SAUDI ARABIA IN AN AGGRESSIVE BID TO TILT THE OIL MARKET SHARE IN ITS FAVOR

• Saudi Arabia accused of decimating the rival oil producing nations by increasing oil stakes in an oil-inundated market
• Saudi Arabia has made intentions clear by refusing to act as the steadying force in a crumbling market.

An increase in oil reserves in all co...

SAUDI ARABIA CALLS INDIA VITAL TO THE FIGHT AGAINST COVID-19

SAUDI ARABIA CALLS INDIA VITAL TO THE FIGHT AGAINST COVID-19

Highlights :

• The Saudi Arabian Crown Prince and the Indian PM, Mr Narendra Modi had a telephonic conversation last week
• Saudi Arabia will preside over the virtual G20 summit n...

Mini reactors will meet the energy needs of Saudi Arabia, the report says

Saudi Arabia is finding ways to generate energy for sustainable development and the conservation of the global ecosystem.

To meet its electricity needs, the Kingdom currently relies heavily on oil and natural gas. Saudi Arabia expects a 40 percent increase in local demand for electricit...

Iran problem with Japan

Since May, when Iran announced that it was suspending some of its obligations under the Joint Comprehensive Plan of Action, oil tankers registered in Saudi Arabia and Norway have been targeted around the Straits of Hormuz, and a Japanese oil tanker was struck when Prime Minister Shinzo Abe was ac...

Saudi Arabia cut the stock of oil divine beings the ascent in costs.

Oil costs picked up on Tuesday, as trusts rose in OPEC and its partners to concur further yield cuts when they meet this week, despite the fact that additions were restricted, in the midst of certain investigators' suspicion over the accomplishment of further decreases.

Brent prospe...

Saudi Aramco IPO goes down by a small margin

The state-owned petroleum company, Saudi Arabia Saudi Aramco, estimated its coming IPO at 2 trillion dollars. However, according to a survey by Bloomberg of 24 big money managers, this assessment can be reduced by up to 40% when it is released. The survey showed that more than 40% of money manage...

Australias Macquarie downsizes in the Gulf: sources

Macquarie Group is scaling back in the Middle East by downsizing its operations in the United Arab Emirates (UAE), three sources familiar with the matter said. Also, Saudi Arabias Capital Market Authority said on Tuesday that Macquarie Capital, the lenders investment banking unit, had relinquishe...