NEOM wants to convince the world that mining can be done in a sustainable manner.
Saudi Arabia’s main stock index, TASI, opened flat on Thursday after a strong four-day performance despite record COVID-19 cases in the Kingdom.
Saudi oil and gas giant Aramco is further growing its international downstream presence via investments in Polish state oil refiner and petrol retailer, PKN Orlen, Aramco said in a statement.
Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refinery.
U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.
Oil jumped by the most in month after Jerome Powell’s comments to the Senate Banking Committee appeared to be less hawkish than the Federal Reserve had recently telegraphed.
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating.
Saudi Arabia holds an estimated $1.3 trillion worth of untapped mineral deposits — led by phosphate, gold and copper — according to the National Industrial Development and Logistics Program.
Secretary-general of the Muslim World League Dr. Mohammed bin Abdulkarim Al-Issa met Janet Alberda, the Netherlands’ ambassador to Saudi Arabia.