In a Shaky Oil Market, OPEC Has Bitter Decisions to Make Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
What Is the Saudi Sovereign Wealth Fund? The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
Inside the Saudi Strategy to Keep the World Hooked on Oil The kingdom is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action.
Saudi Aramco Reports $42 Billion in Profit as Cash Rolls In The bumper earnings from the world’s largest oil company were, nonetheless, a slight decline on the previous quarter.
Why OPEC Is Cutting Oil Production (and Why There’s Not Much the U.S. Can Do About It) Washington sees OPEC Plus’s decision to cut oil production as support for Russia, but Saudi Arabia had legitimate economic reasons for pushing it.