Danish shipping giant Maersk has signed an agreement with Saudi Ports Authority “Mawani” to set up an Integrated Logistics Park at the Jeddah Islamic Port in Saudi Arabia. The agreement...

Riyadh, KSA-The Public Investment Fund (PIF) announced today the launch of “THE RIG.”, a new tourism project. Inspired by offshore oil platforms, “THE RIG.” will be located in the Arabian...

by Aziz El Yaakoubi (Reuters) – The Saudi-led coalition has allowed four tankers to dock at Yemen’s Red Sea port of Hodeidah, two sources familiar with the matter said, after...

By Anthony Di Paola, Vivian Nereim, Javier Blas and Sylvia Westall (Bloomberg) –Saudi Arabia said some of the world’s most protected oil infrastructure came under missile and drone attack in...

By Verity Ratcliffe (Bloomberg) –Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global...

By Verity Ratcliffe, Seyoon Kim and Kyunghee Park (Bloomberg) — Saudi Arabia plans to ship gas to South Korea where it will be used to make hydrogen, and the carbon dioxide...

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s...

By Aziz El Yaakoubi AL-ULA, Saudi Arabia, Jan 5 (Reuters) – Embracing Qatar’s ruler, Saudi Arabia’s Crown Prince pushed a deal to end a bitter row with Doha at a...

By Paul Wallace, Sharon Cho, Verity Ratcliffe and Nourhan Samra (Bloomberg) — A ship was hit by an explosion at the Saudi Arabian port of Jeddah, as attacks in the Red...

(Bloomberg) — Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this month fell...

By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in coming weeks at the same time...

LONDON, April 29 (Reuters) – U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two industry sources said, likely to...

By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW, April 22 (Reuters) – Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the...

By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth...

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the outcome of a meeting of oil producers on...

By Scott DiSavino NEW YORK, April 2 (Reuters) – Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi...

By Jonathan Saul and Dmitry Zhdannikov LONDON, March 23 (Reuters) – Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in...

By Alex Longley, Javier Blas and Jackie Davalos (Bloomberg) — Oil is ensnared in such a crisis that Wednesday’s 24% plunge in New York wasn’t even its worst day this month....

By Olga Yagova and Gleb Gorodyankin MOSCOW, March 12 (Reuters) – Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering...