His Royal Highness Prince Khaled bin Alwaleed explains why the U.S. strategy of supplying more weapons to the Iraqi forces isn't the solution to ensure Iraq's stability.» Read More
*Crops grow from Gulf to Russia in advanced greenhouses. AMSTERDAM, May 28- From the rooftops of Amsterdam to the expanses of Kazakhstan, Dutch technology is helping food producers to meet the needs of both gourmets and growing populations facing uncertain supplies. One of the most densely populated countries in the world, the Netherlands has long learnt to...
NEW YORK, May 22- As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand. From June through August, when temperatures in Riyadh routinely rise above 100 degrees Fahrenheit, Saudi...
*Front month U.S. crude was up 8 cents at $59.51 a barrel at 0018 GMT, after finishing down 26 cents in the previous session. *Global crude oil prices are not expected to fall in the second half of 2015, Kuwait's OPEC governor said on Monday, and any surplus supply was due to shale producers rather than OPEC. *Crude output by OPEC member Algeria will rise by at least 32,000...
While the number of rigs operating is down more than 50 percent, oil production in the U.S. actually upticked last week, John Kilduff said.
Insight to Saudi Arabia's impact on oil prices, with John Kilduff, Again Capital, and Leo Mariani, RBC Capital Markets.
After weeks of U.S-backed strikes against rebels in Yemen, a ceasefire has been agreed. We recap the events leading to this point.
The only languages that really count at this summer's OPEC meeting will be Arabic, Farsi, Kurdish and money.
“This has been a slow moving train wreck over several years,” said Robert Jordan, former U.S. ambassador to Saudi Arabia.
OPEC may think that oil will stay under $100 a barrel for the next decade but two pros say this is what can push crude back to that level.
The new king of Saudi Arabia has decided not to attend a summit at the White House and Camp David this week. Insight, with Robert Jordan, former Ambassador to Saudi Arabia.
DUBAI, May 11- A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute. Production from the onshore fields in the Neutral Zone between Saudi Arabia and Kuwait was about 190,000 barrels per day, the source said.
Saudi Arabia's King Salman bin Abdulaziz Al Saud is not coming to meetings in the U.S. Insight, with CNBC's John Harwood.
Oil prices will remain below $100 a barrel until at least 2025, according to a draft report by OPEC, seen by The Wall Street Journal.
CNBC's Hadley Gamble discusses the shift in the relationship between Saudi Arabia and the U.S.
Saudi Arabia says King Salman will not attend meetings at the White House or a summit gathering at Camp David this week.
CNBC's Hadley Gamble discusses the implications of Saudi Arabia's King Salman missing the Gulf Arab summit, where he would've met President Obama.
*Iran- allied Houthi forces accept truce to let in aid. *UAE welcomes move, hopes they won't act as Iran proxy. CAIRO/ ADEN, May 10- Yemen's dominant Houthi group accepted a five-day humanitarian ceasefire proposed by its adversary Saudi Arabia on Sunday but said it would respond to any violations of the pause.
DUBAI, May 10- Residential apartments at Saudi Arabia's Kingdom Tower, which is slated to become the world's tallest building on completion in 2018, will likely go on sale later this year, the developer's chief executive told Reuters on Sunday. The tower in Saudi Arabia's second biggest city Jeddah has the backing of billionaire Prince Alwaleed bin Talal, whose...
Indonesia has imposed a ban on any more of its domestic helpers from working in 21 Middle Eastern countries, but will the move backfire?
RIYADH/ CAIRO, May 7- Saudi Arabia offered a five-day humanitarian truce on Thursday to the Houthi militia it has hit with weeks of airstrikes in neighboring Yemen, on condition that fighting across Yemen stops. The offer of a truce comes days after the Houthis started shelling Saudi border towns, prompting renewed airstrikes in Yemen, and as the militia advanced...