Oil and Gas

Foreign investors flock to flagship Saudi economic conference

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia’s capital Riyadh to attend the Future Investment Initiative…

Saudi investment minister touts green shoring on path to diversification

Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023.  Bloomberg…

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit…

Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification

Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green…

No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy

Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for…

Trump to counter Harris with competing economic agenda rollout

Former President Donald Trump is countering the kickoff of the Democratic National Convention, and Vice President Kamala Harris’ recently unveiled…

U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs

U.S. President Joe Biden on Thursday seemingly backed a new election in Venezuela, after Brazilian President Luiz Inacio Lula da Silva also floated…

Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah

A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits…

OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says

The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential…

EU’s 14th sanctions package must target circumvention, energy exports, Zelenskyy advisor says

The European Union’s upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down…