Audi

Net Zero Emission

Saudi Crown Prince Touts Vertical Living in NEOM’s Zero-Carbon City

The zero-carbon city that Saudi Arabia plans to build at NEOM will vertically layer homes, offices, public parks and schools within a mirrored facade stretching…

OPEC

Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+

Putin and MBS discuss OPEC+ and oil markets in phone call.

Oil Price

Oil Rallies on Supply Fears and Tight Market

A force majeure declaration by Russia's Gazprom and a disruption to the Keystone pipeline between Canada and the US have boosted crude prices

Worley Wins Unconventional Work From Aramco

New contracts cover gas projects in Saudi Arabia and out-of-kingdom

OPEC

OPEC+ to Assess Oil Market, Take Necessary Steps: Saudi FM

Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would con…

Saudi Arabia

Saudi Arabia: No Additional Capacity to Increase Oil Production Beyond 13 Million Bpd

The kingdom said it is targeting production capacity of 13 million bpd by 2027

South Korea

South Korea, Saudi Eye Energy Cooperation

They discussed opportunities in the energy supply chain and hydrogen.

Crude Oil

Macron Tells Biden That Uae, Saudi Can Barely Raise Oil Output

Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he ha…

Solar Power Plant

Saudi Arabia to Host World’s Largest Solar Process Heat Plant

Saudi Arabian Mining Company and industrial solar steam specialist GlassPoint have signed a Memorandum of Understanding to develop the world’s largest solar pr…

Oil Price

Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems

Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.

OPEC

OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August

Modest nature of tweak indicative of mounting challenges for Saudi Arabia and Russia led group including limited ability to raise production

Crude Oil

Oil Jumps After Saudi Arabia Hikes Crude Prices

Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.

Electric Car

Half of All UAE Residents Consider Switching to Electric Vehicles, Survey Finds

Twenty-five per cent are waiting for more EV options to be launched to make a purchase, according to Audi Abu Dhabi

Saudi Aramco Shows Interest in Buying Valvoline’s Commercial Unit

Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with …

Oil Price

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN

Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.