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The Kingdom has asked oil giant Aramco to cut its output by an additional one million barrels per day, starting in June.
Saudi Aramco has finally set an initial public offering date in December while the country's Capital Market Authority has placed a number of conditions to reduce risk.
Aramco Trading Co. has purchased diesel cargoes in the week following attacks on Saudi oil processing facilities, according to reports.
Saudi King Salman has replaced the kingdom’s energy minister with one of his own sons, Prince Abdulaziz bin Salman, in a shake-up which also affects the state-owned oil company, Aramco.
![neom the line [youtube]](/sites/default/files/styles/large_16_9/public/media/images/B096AD62-3898-49FE-80C8-942A810FD40C.jpg?h=d1cb525d&itok=aFEoklGR "neom the line [youtube]")
NEOM is the flagship project of Saudi Arabia's Vision 2030, but there have been huge questions about its viability.
Bahrain has accused four suspects of being trained by Iran's Revolutionary Guard to carry out an alleged bomb attack on the island's oil pipeline with Saudi Arabia last November.
Riyadh's national oil giant Saudi Aramco 'signed an agreement' to form a Saudi-Chinese joint venture, worth more than $10 billion, to develop a refining and petrochemical complex in Liaoning province.
Saudi authorities report their Aramco oil facility is operating "normally and safely" after Yemen's Houthis announce the launch of a drone attack targeting the southern Saudi-based oil company.
The thwarted attack targeted an Aramco petroleum terminal in the Kingdom's Jizan province. No injuries were reported, the ministry reported.
Egypt's petroleum ministry has sought alternative suppliers to meet its refined oil products needs for October after Saudi Aramco halted the expected delivery of 700,000 tonnes for this month.