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Saudi Arabia News
Saudi Arabia bets big on Uber; pumps $3.5 billion in taxi-hailing app
Thu, Jun 02, 2016
The deal comes as Saudi Arabia strives to diversify its economy away from reliance on oil production to include more entrepreneurship, open markets and productivity.
Iraq overtakes Saudi as biggest oil exporter to India for April
Thu, May 12, 2016
Iraq overtook Saudi Arabia as the top crude oil exporter to India in April for the first time since December, according to data compiled by Reuters, as the two biggest OPEC producers fight for market share in Asia's fastest growing oil market.
Crude oil futures rise on weaker dollar, new cash inflows
Tue, Apr 26, 2016
Analysts have forecast more oil supply as Saudi Arabia and Iran seemingly ramps up output in a race for customers, further flooding the market with excess supplies.
Oil freeze agreement faces trouble as Saudi-Iran tensions spike
Sun, Apr 17, 2016
According to sources, experts were trying to find an acceptable solution to the problem that had held up the talks between OPEC and non-OPEC members to freeze oil output.