ISLAMABAD - Kuwait and Saudi Arabia have signed agreements to divide the Neutral Zone between the two countries. The agreements were inked by Kuwaiti Foreign Minister Ahmad Nasser Al-Mohammad Al-Sabah and Saudi Energy Minister Abdulaziz bin Salman Al Saud. Meanwhile, a memorandum of ...

RIYADH - The weapons used to strike Saudi oil facilities were Iranian-made, the Riyadh-led coalition said Monday, heightening fears of regional conflict after the US hinted at a military response to the assault. The weekend strikes on Abqaiq –- the world's largest oil processing facility –- ...

Riyadh - An attack claimed by Yemeni rebels sparked a fire in a Saudi gas plant Saturday but caused no casualties or disruption to production, state-owned energy company Saudi Aramco said. "Saudi Aramco's response team controlled a limited fire this morning at the Shaybah natural gas ...

Saudi Energy Minister Khalid Al-Falih has discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of 2020. In a tweet, he said we confirm that we will continue to hold such meetings and talks between our t

MOSCOW - Russia has agreed with Saudi Arabia to extend a deal with OPEC on reducing oil output as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy. Addressing a news conference in Osaka, Russian President Vladimir Putin said the deal would be extended ...

Saudi Energy Minister Khalid al-Falih said OPEC would  meet in the first week in July in Vienna and  he hoped it would reach consensus on extending its agreement to cut oil output. Falih said earlier this month that OPEC was close to agreeing to extend the agreement beyond June although ...

KARUIZAWA: Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year. “We hope that we will balance the market before next year. We are working on it,” Falih told reporters on the sidelines of a meeting of ...

DUBAI: Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, the Saudi-owned Arab News newspaper reported on Monday. Oil prices in May sustained their worst monthly ...

*DUBAI - Two Saudi oil tankers came under “sabotage attack” off the United Arab Emirates coast, the official Saudi Press Agency reported on Monday, quoting the Saudi energy minister.* “Two Saudi oil tankers were subjected to a sabotage attack in the exclusive economic zone of the United ...

ISLAMABAD - According to analysts, Saudi Arabia is preparing a record investment package for Pakistan and will likely provide relief for its cash-strapped ally, while also addressing the regional geopolitical challenges. At the heart of the investment is a reported $10 billion refinery and ...