Saudi Arabia’s oil export value surged 37.4% in March to a 3.5-year high of $24.7B, even as volumes hit record lows, as $100+ oil and Yanbu rerouting offset Hormuz disruption.

RIYADH: Saudi Arabia’s Operating Revenue Index rose 10.2 percent in March from a year earlier, driven by robust growth in transportation, mining and financial services, as the…

Saudi Arabia's oil exports and production reached historic lows in March. The ongoing Iran war has severely impacted global energy markets. This conflict disrupted key shipping…

Saudi Arabia's crude oil exports plummeted to 4.974 million barrels per day (bpd) in March, marking the lowest level on record since the Joint Organizations Data Initiative (JODI)…

Saudi Arabia is importing more fuel oil for power generation as oil shut-ins reduce associated gas supply during peak summer electricity demand.

RIYADH: Saudi Arabia’s trade surplus surged 218.9 percent year on year to SR57 billion ($15.2 billion) in March, marking its sharpest annual increase in nearly five years as oil…

Saudi Arabia’s oil export value surged 37.4% in March to a 3.5-year high of $24.7B, even as volumes hit record lows, as $100+ oil and Yanbu rerouting offset Hormuz disruption.