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Oil prices rise on Mideast risk assessment
AFP/Getty Images
The 14% spike, following a weekend attack on a key Saudi oil production facility, reflects what traders consider a “Gulf premium” based on new oil supply risks.
Will oil price spike lead to higher prices at the pump?
Justin Sullivan/Getty Images
A look at what a drone strike on oil reserves in Saudi Arabia could mean for consumers.
Russia plays oil diplomacy card in Middle East
Joe Klamar/AFP/Getty Images
Russia has leveraged its oil and gas market power to enhance its influence in the Middle East, just as the U.S. is pulling back from the region.
Saudi oil company profits impress
What’s the most profitable company on earth? We’ll give you three guesses. Nope, not Apple. Google? Try again. Exxon Mobil – wrong. It’s the national oil company of Saudi Arabia. Known as Saudi Aramco, it’s the runaway leader, according to new numbers put out by the company. These number are the first since … well, […]
What does this week’s OPEC summit have to do with Cinderella?
RYAD KRAMDI/AFP/Getty Images
The real action at the oil meeting in Vienna might be in a stairwell.
OPEC set to meet with an eye on cutting oil production
OPEC oil producing countries are scheduled to meet in Vienna on Thursday to discuss possible production cuts as a way to boost prices. Oil prices have been sliding in recent months. At the recent G-20 meeting, Russian and Saudi Arabian leaders signaled a willingness to work toward cuts, but what might that mean? Click the […]
Will the Saudi-Russian oil alliance hold as production cuts are mulled?
Yuri KADOBNOV / AFP
The price of oil is at its lowest in almost a year. Now officials from Saudi Arabia are suggesting they might cut supply to arrest the falling price. President Donald Trump on Monday said he hopes Saudi Arabia and OPEC don’t do that. It’s all a bit of a test for Saudi Arabia and its […]
Saudi hopes for foreign investment dim after Khashoggi death
OZAN KOSE/AFP/Getty Images
Foreign investors had again begun to look to Riyadh.
Saudi hopes for foreign investment dim after Khashoggi death
OZAN KOSE/AFP/Getty Images
Foreign investors had again begun to look to Riyadh.
How a writer’s disappearance could damage economic relations between the U.S. and Saudi Arabia
MOHAMMED AL-SHAIKH/AFP/Getty Images
The disappearance of a Saudi columnist for the Washington Post has erupted into a diplomatic dispute, and potentially an economic one. President Donald Trump said Saudi Arabia could face “severe punishment” if the government is shown to have been involved in Jamal Khashoggi’s disappearance. Sanctions could be one form of punishment, to which the Saudi […]

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