China Petroleum & Chemical Corporation (Sinopec) and the Saudi Arabian Oil Company (Aramco) have signed a venture framework ...

Saudi Aramco and China's Sinopec have signed an agreement to significantly expand their joint venture Yanbu Aramco Sinopec ...

President Donald Trump's global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn ...

Saudi Arabia is still dependent on oil revenues, so weak crude prices may make it harder to fund its ambitious ventures such ...

The discoveries were made primarily in the Eastern Region and the vast Empty Quarter, with a mix of oil and gas reservoirs ...

The state-owned energy giants signed a deal for the potential expansion of their Yanbu refinery to include petrochemical ...

Last September, the Financial Times reported that Saudi Arabia was ready to abandon its unofficial price target of $100 a barrel for crude oil as it prepares to increase output, effectively ...

Saudi Arabia has been pouring billions of dollars into the electric vehicle industry in the past few years. It has even been working on its own brand of EV called Ceer. Just this month, Tesla began ...

Aramco and Sinopec have partnered in several ventures as Saudi Arabia looks to expand its refining business, which can help to offset drops in crude oil prices. For more Saudi news, visit our ...

DUBAI (Reuters) -Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund ...

The IRICA put the volume of annual no-oil trade between the two countries at 61,000 tons. IRICA reported that Saudi Arabia recorded the highest growth rate in trade with Iran among its neighbors ...