Saudi Arabia is one of the world’s leading oil producers and exporters. Its major oil fields include the Ghawar Field, the ...

According to the announcement, Arab oil of various grades was found in six fields and two reservoirs, with a total production ...

Saudi Arabia has found new reserves and deposits of the highly precious oil and gas, according to the state-run news agency ...

Kuwait has launched a project to reverse a decline in production at its giant Burgan oilfield nearly 80 years after it was brought on stream, according to the local Alseyassah newspaper. Almost the ...

During times of market turbulence, the US dollar, the world’s reserve currency, tends to be strong with the flight to safety.

TEHRAN - Seven earthquakes with magnitudes between 4 and 5 in the southern Persian Gulf and the Saudi Arabia-Qatar border ...

Aramco floated two tenders to renew work at the South Ghawar field; work that used to be conducted by Halliburton and in Udhailiyah for gas, work that was performed by Schlumberger ...

The price of Brent crude oil is $64.60 per barrel, and the price of WTI crude oil is at $60.74 per barrel. See the historical price charts and analysis below. See the historical price charts and ...

The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin ...