Saudi Arabia Oil Price

Crude jumps 26% on MCX, bullion gains on hope of end to Saudi-Russia rift

The two nations are meeting next week to work out a possible output cut

Coronavirus impact: Brent crude dives over 7% to lowest since 2003

As global oil demand plummets, Saudi Arabia is struggling to find customers for its extra oil, undermining its bid to seize market share by expanding production

Oil prices may have sunk but the energy market fallout has only just begun

The main beneficiaries are likely to be the main consuming countries such as India and China, but even there oil companies will be affected.

Oil plunges 25%, hit by erupting Saudi Arabia-Russia oil price war

A nearly 25% slump in oil prices triggered panic-selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession

Saudi drone attack: Where are we a week on and what happens next?

The attack could affect flows of both crude oil and refined products, as Saudi Arabia cuts deliveries to its own processing plants

Iranian FM Javad Zarif warns US or Saudi attack would trigger 'all-out war'

Asked about the consequence of "an American or Saudi military strike on Iran" in an interview with CNN aired on Thursday, Mohammad Javad Zarif responded: "An all-out war"

Saudi cuts oil output to half after drones strike heart of energy system

About 5.7 million barrels per day of output has been suspended, says Saudi Aramco in a statement.

Lower oil prices force Saudi Arabia to widen its circle of friends

The Saudis, led by Crown Prince Mohammed bin Salman, are seeking to link cuts in OPEC production over the past 2 years with cuts by Russia, another oil-exporting powerhouse, to buoy prices