SINGAPORE—Russia held its spot as China’s top oil supplier for a second month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia, data showed on Wednesday. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and…
Russia Is China’s Top Oil Supplier for 2nd Month, Saudi Volumes Tumble: Data
July 20, 2022
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Saudi Crown Prince Says Unrealistic Energy Policies Will Lead to Higher Inflation
July 16, 2022
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JEDDAH, Saudi Arabia—Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and that unrealistic emission policies would lead to unprecedented levels of inflation. The prince said Saudi Arabia had announced raising its production capacity to 13 million barrels per…
Biden Meets With Arab Gulf Countries to Counter Iran Threat
JEDDAH, Saudi Arabia—President Joe Biden, speaking at a summit of Arab leaders, said Saturday that the United States “will not walk away” from the Middle East as he tries to ensure stability in a volatile corner of the globe and boost the worldwide flow of oil to reverse rising gas prices. His remarks, delivered at…
Biden Meets With Arab Gulf Countries; Saudi Arabia Says Cannot Greatly Increase Oil Production
JEDDAH, Saudi Arabia—President Joe Biden, speaking at a summit of Arab leaders, said Saturday that the United States “will not walk away” from the Middle East as he tries to ensure stability in a volatile part of the world and boost the global flow of oil to reverse rising gas prices. His remarks, delivered at…
Kremlin Hopes Biden Will Not Seek to Turn Saudi Arabia Against Russia
July 13, 2022
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MOSCOW—The Kremlin said on Wednesday that it hoped President Joe Biden’s visit to Saudi Arabia would not be used to try to foster anti-Russian relations, just as the United States seeks to convince Riyadh to boost oil production amid soaring prices. White House national security adviser Jake Sullivan said on Monday that Biden will make…
House Committee Probing Saudi Government’s Billion-Dollar Investment in Jared Kushner’s Firm
The House oversight and reform committee announced on Thursday that it is launching an investigation into whether former senior White House adviser Jared Kushner improperly used his position to secure an investment for his private equity firm from the Saudi government. Rep. Carolyn B. Maloney, Chairwoman of the Committee on Oversight and Reform announced the probe…
Saudi Oil Refinery Attacked by Drone, Sparking Small Fire
RIYADH, Saudi Arabia—A drone attack on an oil refinery in Saudi Arabia’s capital, Riyadh, started a small fire that did not cause injuries or affect supplies, the kingdom’s energy ministry said early Friday. The statement did not specify where the drone strike was launched from. Later Friday, Yemen’s rebel Houthis who have been battling a…
Biden Admin Sends Home Man Suspected of Trying to Join 9/11 Hijackers
A Saudi prisoner who was being held at the Guantanamo Bay detention center has been released from U.S. custody, according to the Department of Defense in a statement issued Monday. Mohammad Ahmad al-Qahtani, who was previously accused of trying to join the Sept. 11, 2001, terrorist attackers, was sent back to Saudi Arabia from the U.S….
Houthis, Aid Group: Death Toll From Prison Airstrike at 82
CAIRO—The death toll from a Saudi-led coalition airstrike that hit a prison run by Yemen’s Houthi rebels climbed to at least 82 detainees, the rebels and an aid group said Saturday. Internet access in the Arab world’s poorest country remained largely down. The airstrike in northern Saada province Friday was part of an intense air…
Saudi Oil Giant Aramco Sees Half-Year Earnings Climb to $47 Billion
DUBAI, United Arab Emirates—Saudi Arabia’s oil-producing company, Aramco, announced Sunday a net income of around $47 billion for the first half of the year, double what it earned over the same period last year when the coronavirus grounded travel and pummeled global demand for oil. This puts Aramco back squarely where it was before the…
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