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Saudi Arabia

Why most of the world still uses the U.S. dollar to buy and sell oil

by Sabri Ben-Achour
Jun 25, 2024
The scale, liquidity and stability of U.S. financial markets are partly behind the phenomenon.
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What investors need to see in Saudi Aramco's IPO prospectus

by Justin Ho
Oct 18, 2019
The state-run oil giant is notoriously opaque. But as it moves forward with going public, prospective investors have been demanding details about how the company is run.
Amin Nasser, CEO of Saudi state oil company Aramco, speaks at the 24th World Energy Congress in Abu Dhabi in September.
Karim Sahib/AFP/Getty Images
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IEA releases new oil market numbers amid demand concerns

by Scott Tong
Oct 11, 2019
Demand for oil is growing, but barely; it's at the lowest rate in a decade.
KAREN BLEIER/AFP/Getty Images
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Saudi Arabia announces new chapter in diversifying economy away from oil: tourist visas

by Scott Tong
Sep 27, 2019
For the first time, the conservative kingdom is opening up to tourists from more than 40 countries.
A view of Riyadh, the Saudi capital, in 2007.
Hassan Ammar/AFP/Getty Images
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Oil prices rise on Mideast risk assessment

by Scott Tong
Sep 16, 2019
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.
Smoke billows from an Aramco oil facility in Abqaiq in Saudi Arabia's eastern province on Sept. 14 after drone attacks sparked two fires.
AFP/Getty Images
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Will oil price spike lead to higher prices at the pump?

by Victoria Craig
Sep 16, 2019
A look at what a drone strike on oil reserves in Saudi Arabia could mean for consumers.
Justin Sullivan/Getty Images
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Russia plays oil diplomacy card in Middle East

by Scott Tong
May 10, 2019
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.
Joe Klamar/AFP/Getty Images
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Saudi oil company profits impress

by Scott Tong
Apr 1, 2019
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, […]
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What does this week's OPEC summit have to do with Cinderella?

by Scott Tong
Dec 5, 2018
The real action at the oil meeting in Vienna might be in a stairwell.
OPEC+ member Russia produces over 10 million barrels of oil a day
RYAD KRAMDI/AFP/Getty Images
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OPEC set to meet with an eye on cutting oil production

by Jed Kim
Dec 5, 2018
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 […]
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