Saudi Aramco raised the official selling price (OSP) for its Arab Light crude oil grade to Asia by $0.30 per barrel for the month of September, to $3.50 above the Oman/Dubai average, Aramco said on ...

Forty-nine years ago this week, Oct. 19, 1973, the Organization of Arab Petroleum Exporting Countries imposed an oil embargo against the United States. It was in retaliation for the U.S. decision to ...

SINGAPORE, Jan 7 (Reuters) - Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian customers to the lowest level in 27 months, a company statement ...

Saudi Arabia has raised the official selling price (OSP) for Arab light for Asia by $0.45/bbl m/m to $3.00/bbl for July, following the June 4 announcement that OPEC+ would extend production cuts until ...

The oil-rich United Arab Emirates on Thursday announced the completion of the Arab world's first nuclear power plant, calling it a "significant step". Abu Dhabi's Barakah Nuclear Energy Plant will ...

You may recall the 1973-74 Arab oil embargo, and not favorably. The United States learned a lesson from the embargo and took steps toward becoming energy independent. Now that Russia has decided to ...

AMID WARLORDS and bandits, as smallpox spread around him, George Bernard Reynolds searched the sands of Persia (now Iran) for oil. The British geologist drilled for seven years—and found little.

Saudi Aramco, the world’s largest oil producer, has significantly increased its official selling price for Arab Light crude oil destined for Asia. This move has sent ripples through the global energy ...

DUBAI, United Arab Emirates — Mere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month.

Saudi Arabia is lowering the price of its premier crude for buyers in Asia and Europe but hiking US prices. Saudi Aramco is reducing prices by $4 a barrel for Asian refineries and by $2 for European ...

Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE's boldest ...

Saudi Arabia invited Syrian President Bashar Assad to attend the upcoming May 19 Arab League summit in Jeddah. The Syrian popular uprising turned into a vicious civil war that killed nearly a half ...