Oil Edges Higher

Trump’s Bid for More Oil Is a Hard Sell for Allies in U.S., Saudi Arabia
The president says lower prices could solve a range of problems, but finds early resistance in the oil market.
Oil Edges Higher After Saudi Arabia Hikes Selling Prices
Crude futures found some support in early trade after Saudi Arabia lifted prices for March loadings of all crude grades it exports amid surging premiums for Middle Eastern oil. State-owned oil giant Aramco's flagship Arab Light crude to Asia,
Saudi Arabia says GDP grew 1.3% in 2024, lifted by non oil sector
Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the previous year, preliminary government data released on Thursday showed, with non-oil sector activities lifting overall GDP.
Oil prices look to bounce off 2025 lows after Saudi price hike for Asian buyers
Oil found some support Thursday from an increase in Saudi Arabia’s crude prices for Asian buyers, which implied strength in crude demand. But a hefty rise in last week’s U.S. supplies and uncertainty surrounding tariff disputes helped weaken the outlook for crude demand.
Saudi Aramco Boosts Oil Prices to Asia by Most Since 2022
Saudi Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to surging premiums for Middle Eastern crude and improving refinery margins.
Saudi Aramco hikes Arab Light prices for Asia’s oil market
Saudi Aramco, the world’s largest oil producer, has significantly increased its official selling price for Arab Light crude oil destined for Asia. This move has sent ripples through the global energy markets,
Saudi Aramco hikes Asian crude oil price by $2.40 a barrel
State oil producer Saudi Aramco (TADAWUL:2222) has increased the price of its Arab Light oil to Asia for March by $2.40 a barrel. This adjustment, the largest since August 2022, surpasses the $2 increase that traders and refiners had anticipated,
Trump’s Gaza plan derails Saudi-Israel ties, researchers say
The US president’s proposal to redevelop Gaza by expelling two million Palestinians prompted global backlash and enraged the ...
Trump’s "Drill, Baby, Drill" Pledge Will Not Save Oil
There is no doubt there will be an impact of the second Trump presidency on the energy transition, but it is unlikely to have ...
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Report Compares Cost of Producing Crude in Saudi Arabia to Nigeria, Shares Result
The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream ...
Saudi Arabia's non-oil private sector grows at decade-high pace in Jan, PMI shows
Saudi Arabia's non-oil business sector expanded at its strongest pace in just over a decade in January, driven by a surge in ...
Saudi Arabia’s Maaden raises $1.25 billion to fund mining growth
Saudi Arabian Mining Co., commonly known as Maaden, has raised $1.25 billion from its debut Islamic bond sale as the company looks to fund a huge expansion program over the next five years.
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Saudi Arabia navigates oil cuts amid Trump pressure, economic strains
Saudi Arabia would need oil to be at $90 per barrel in 2025 to balance its budget, according to Capital Economics.
Saudi Arabia’s Billion-Dollar VC Boom: How SVC Is Shaping The Kingdom’s Financial Future
The report covers SVC’s role in fostering Saudi Arabia’s private capital ecosystem, contributing significantly to record ...
Botero, Banksy Win Big in Sotheby’s Debut Saudi Arabia Auction
The historical mud-brick city of Diriyah in Saudi Arabia played host to an unusual crowd on Saturday night: art aficionados, ...
One of the richest countries in the world with no rivers and huge oil reserves
Saudi Arabia’s economy is categorised as high-income by the World Bank and is the only Arab country in the G20. It ranks high ...