Saudi Arabian billionaire Prince Alwaleed bin Talal and his investment firm Kingdom Holding now together own more than 5 percent of Twitter, the prince's office said on Wednesday.» Read More
Saudi Arabia, the world's central bank for oil, could become a net oil importer by 2030 according to a new study by Citigroup, the international financial conglomerate.
Real estate developer Donald Trump blames President Obama for the rising price of oil, warning, "this country can never, ever recover" if oil prices continue to go up.
Saudi Arabia has gone on the offensive against Iran to protect its interests. Its involvement in Syria is the first battle in what is going to be a long conflict that will know no frontiers nor limits.
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
Disgruntled tribesman seeking more economic development are also responsible for violence against the oil industry.
The death of Saudi Arabia’s Crown Prince Nayef bin Abdulaziz - the half-brother of King Abdullah and heir to the throne - comes less than eight months after the death of Sultan bin Abdulaziz, the previous Crown Prince, and again brings to the fore the ambiguous issue of succession.
CNBC's Kelly Evans reports OPEC leaders agree to keep its oil production ceiling unchanged.
Dominic Schnider, Head Commodity Research, UBS Wealth Management, UBS Wealth Management says there is enough oil supply in the short-term and that production actually needs to be cut by half a million barrels. But he expects oil prices to remain high at about $90.
A twenty-five percent plunge in oil prices might seem to make curbing the supply of crude a no-brainer for the world’s oil producers. And yet it looks increasingly possible that the 161st ordinary meeting of OPEC in Vienna this week could end in a virtual stalemate
Nansen Saleri, president & CEO Quantum Reservoir Impact, says crude prices will stay between $80 to $120 a barrel.
Tom Essaye, President, Kinsale Trading says there will be no change to OPEC's output ceiling.
A number of recent developments highlight the push for renewable energy in the MENA region, from Saudi Arabia’s ambitious solar plans to Qatar’s first-ever polysilicon plant and massive concentrated solar power plants across North Africa.
Big movements in the price of oil can have significant effects on the economy, and countries with the most oil within their borders are set to benefit, as demand for crude continues to rise.
Saudi Arabia appears to have been building crude oil inventories in lower domestic demand months in a scramble to offset the risks of “limited” effective spare production capacity, Goldman Sachs said on Wednesday.
Texas energy mogul T. Boone Pickens told CNBC Thursday he thinks Brent North Sea oil could hit $148 a barrel this summer because demand is outrunning supply.
Saudi Arabia’s powerful oil minister, Ali Naimi, made a rare intervention into overheating oil markets on Tuesday, declaring that high oil prices were “unjustified” and vowing that the kingdom would boost its output by as much as 25 per cent if necessary. The Financial Times reports.
The 13th International Energy Forum (IEF) kicks off on Tuesday in Kuwait City, bringing to the table energy ministers from 88 countries around the world representing some 90 percent of global supply and demand
With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.