Saudi warns speculators of more pain as OPEC+ meeting looms DOHA: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Tuesday he would inflict more pain on short... Published 23 May, 2023 06:52pm
World Saudi energy minister warns sanctions could result in energy shortages DUBAI: Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday Western sanctions against Russia could... Published 05 Feb, 2023 12:29am
Markets Saudi to invest $266bn in 'cleaner' energy: minister RIYADH: Saudi Arabia plans to invest more than $266 billion to produce cleaner electricity and expand its power ... Updated 30 Jan, 2023 11:11pm
Markets Saudi Arabia plans to use domestic uranium for nuclear fuel RIYADH: Saudi Arabia plans to use domestically-sourced uranium to build up its nuclear power industry, energy... Published 11 Jan, 2023 05:41pm
Pakistan Dar holds virtual meeting with Saudi minister ISLAMABAD: Finance Minister Ishaq Dar on Thursday held with Saudi Minister for Energy Prince Abdulaziz bin Salman... Updated 28 Oct, 2022 07:35am
World Saudi energy minister says countries should not misuse oil stocks RIYADH: Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Tuesday some countries were using their... Published 25 Oct, 2022 07:55pm
Markets Oil at 3-week high on cuts to OPEC+ output targets NEW YORK: Oil prices held at three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a... Published 07 Oct, 2022 05:59am
Business & Finance OPEC+ to weigh rollover or cut at Sept 5 meeting LONDON: OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, three OPEC+ sources... Updated 03 Sep, 2022 12:38pm
Markets Saudi minister blames lack of investment for surge in fuel prices RIYADH: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Monday the gap between crude prices and... Published 10 May, 2022 05:10am
Print Arab oil producers say OPEC+ should stick to current output agreement RIYADH: OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output,... Updated 22 Feb, 2022 09:34am
Print OPEC+ sticks to planned output rises LONDON: OPEC+ agreed on Wednesday to stick to moderate rises in its oil output with the group already struggling to... Updated 03 Feb, 2022 09:19am
Print OPEC+ rebuffs speedier oil output calls LONDON: OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels... Updated 05 Nov, 2021 09:59am
Opinion Oil giant Saudi Arabia sees opportunity in climate crisis The climate crisis does not look like good news for the oil industry, but Saudi Arabia is sniffing an opportunity... Published 30 Oct, 2021 04:37am
Print OPEC+ misses target again, as some members struggle to raise oil output LONDON: OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the... Published 19 Oct, 2021 03:52am
Markets Oil prices rise, as Saudis dismiss supply concerns NEW YORK: Oil prices rose 1% on Thursday after top oil producer Saudi Arabia dismissed calls for additional OPEC+... Published 15 Oct, 2021 04:08am
Markets Saudi Arabia to ask foreign energy companies to up domestic input to 70pc DUBAI: Saudi Arabia will require foreign firms working in the energy sector, including petrochemicals and water... Published 13 Oct, 2021 04:47am
Print OPEC+ abandons oil policy moot DUBAI: OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates... Published 06 Jul, 2021 03:48am
Markets Oil prices accelerate rise as OPEC+ calls off output talks The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, agreed on record output cuts in 2020 to cope with a COVID-induced price crash. Published 05 Jul, 2021 10:53pm
Markets Oil hits over 1-year high on OPEC+ supply discipline, demand prospects NEW YORK: Oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC ... Published 03 Jun, 2021 04:13am
Markets Oil scales 1-year peak as OPEC+ rolls over output for April LONDON: Oil rallied more than 5% on Thursday to the highest in over a year, after OPEC and its allies agreed to keep... Published 05 Mar, 2021 05:17am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points