Iraq announced on Wednesday the discovery of a new oil field in Najaf province, near the Saudi border in the southwestern ...

Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, ...

Saudi Arabia had prepared and planned for the worst-case scenario for decades. So within hours of the first US and Israeli strikes on Iran which resulted in the effective closure of the crucial Strait ...

Saudi Aramco on Tuesday reported third-quarter adjusted net income of 104.92 billion Saudi riyals ($27.98 billion), beating expectations. The results come as the world's largest oil company faces a ...

With the OPEC+ production hikes, Saudi Arabia may have reached its maximum sustained output capacity, setting up for a repeat of the 2008 failure to increase output when called on. Despite what ...

(Corrects source of response to UAE Ministry of Foreign Affairs, not UAE Media Office, in paragraph 17) By Samia Nakhoul ...