Russia and Saudi Arabia, on Tuesday (September 5), said that they would extend the voluntary oil cuts until the end of this year. This has sent the price of Brent crude to a 10-month high, months after Saudi Arabia, the world’s biggest crude exporter, first announced the cuts as well as sparked worries among investors about potential shortages during peak winter demand.

Russia and Saudi Arabia extend oil export cuts to end of 2023; oil prices soar

Saudi Arabia's overall spending on gasoline subsidies rose sharply in the last two years, ranking first among the Group of 20 nations in terms of per capita spending.

Saudi Arabia leads G-20 with highest $7,000 per capita fuel subsidies

United States Democrats are reacting sharply to the OPEC+ decision to cut oil production by two million barrels of oil per day starting next month. Calling to re-examine ties with key oil producer Saudi Arabia, the Democrats, as per the Guardian, even issued a fresh ultimatum to the Kingdom, giving it weeks to reverse the decision to reduce oil production, and even threatened it with a potential one-year freeze on all arms sales.

US Democrats ask Saudi Arabia to rollback OPEC+ oil output cut decision, warn of action

The promises of a politician are fickle in nature. Every politician makes campaign promises that turn out to be bogus, and for US President Joe Biden his 2019 vow to declare Saudi Arabia a "paraiah" due to its human rights record is now one among that long list.

Human rights vs elections: Who wins? Biden's 'support for human rights can be sold for a smidgen of oil'

Oil has propelled Saudi Arabia's growth rate near 10 per cent in its first quarter with the kingdom reporting its fastest economic growth rate in a decade. After publishing its initial estimates online, Saudi's statistics authority said, "Oil activities led the real Gross Domestic Product (GDP) of Saudi Arabia to achieve the highest growth rate in [the] last 10 years.

Saudi Arabia reports its fastest economic growth rate in a decade

Saudi Arabia reopened Saturday the area around the sacred Kaaba in Mecca's Grand Mosque, Islam's holiest site, reversing one of a series of measures introduced to combat the coronavirus outbreak.

Saudi Arabia reopens area around Kaaba amid coronavirus measures

Oil slipped towards $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.

Oil prices slip over China virus fears

State-owned oil company Saudi Aramco said on Sunday it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Oil prices gained on Tuesday, as hopes rose for OPEC and its allies to agree deeper output cuts when they meet this week, although gains were limited, amid some analysts' skepticism over the achievement of further reductions.

Oil prices rise as Saudi Arabia pushes for further supply cuts

When Russian President Vladimir Putin lands in Riyadh this week for the second time in 12 years, his call for endorsement of his proposal to replace the US defence umbrella in the Gulf with a multilateral security architecture is likely to rank high on his agenda.

Saudi Arabia's interest in Russia goes beyond economics

Oil prices were little changed on Wednesday, steadying after Saudi Arabia said it will restore by the end of the month production lost in weekend attacks on its facilities.

Oil steadies after Saudi pledges to restore output lost in attacks

The weapons used to strike Saudi oil facilities were Iranian-made, the Riyadh-led coalition said Monday, heightening fears of regional conflict after the US hinted at a military response to the assault.

Weapons used in Saudi oil attacks came from Iran: Saudi coalition

An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.

Global spare oil capacity in United States hands after Saudi outage

Drone attacks sparked fires at two Saudi Aramco oil facilities on Saturday, the interior ministry said, the latest such assault claimed by Yemeni rebels as the energy giant prepares for a much-anticipated stock listing.

Yemeni rebel drones spark fires at two Saudi Aramco oil facilities

OPEC agreed on Monday to extend by nine months daily oil output cuts aimed at supporting prices and soaking up excess supplies, following last weekend's G20 pact between cartel kingpin Saudi Arabia and non-member Russia.

OPEC decides to extend oil output cuts after Saudi Arabia-Russia pact

Cash-strapped Pakistan will start getting the much-anticipated Saudi Arabian oil on deferred payments from July, Prime Minister Imran Khan's Advisor on Finance has said.

Pakistan to get Saudi oil for 3 years on deferred payments from July

OPEC kingpin Saudi Arabia said it had stopped pumping crude oil along a major pipeline on Tuesday following a drone attack, hours after Yemen's Huthi rebels said they had targeted vital Saudi installations.

Saudi Arabia stops pumping oil in major pipeline after Huthi rebel drone strike

US benchmark West Texas Intermediate(WTI) crude price tumbled below $50 a barrel trading at $49.80 over fears of oversupply and bleak economic outlook. The current WTI oil rate was the lowest in 14 months, down 46 cents compared with Wednesday's close.

US benchmark WTI crude price tumbles below $50 a barrel

A high-level delegation from Saudi Arabia arrived in Pakistan on Sunday for talks during which five MoUs including the one on selling petroleum products on deferred payments are expected to be signed, weeks after Islamabad invited Riyadh to join the USD 50 billion CPEC as the third "strategic partner".

Saudi delegation in Pakistan for talks days after invite to join CPEC