Although India has good diplomatic ties with all Gulf nations, Saudi Arabia is considered more important because of various ...

Riyadh: Saudi Arabia has discovered significant lithium reserves within its oil fields near its sea, as Saudi Aramco, the ...

Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle ...

Saudi Arabia is accelerating its $2.5 trillion mining plans to diversify its economy and reduce its reliance on oil, while ...

Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.

In 2021, OPEC estimated that 80% of the world’s proven crude oil reserves were located in ... Iraq, Kuwait, Saudi Arabia and Venezuela created OPEC at the Baghdad Conference in 1960.

However, this solution has a limited lifespan and the end is near. Saudi Arabia sits on two pools of liquids – water and oil. The oil, in world-leading volumes, has paid for the enormous cost of ...

Saudi Arabia, Russia and the USA produce the most oil. Around 50% of known oil reserves are found in the Middle East. As technology improves, new supplies can be discovered and accessed more easily.

It's always tempting to try and over-analyse changes in the crude oil market and Saudi Arabia's decision to cut its official prices for Asian customers to the lowest level in four years is one such ...