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Category Saudi Arabia

Oil prices under pressure as oversupply looms; may fall further if China stockpiling slows

Oil prices under pressure as oversupply looms; may fall further if China stockpiling slows

Oil prices are once again under moderate pressure, primarily due to the continued increase in global oil production easing earlier concerns about m...
China’s robotaxi race goes global as WeRide debuts in Hong Kong

China’s robotaxi race goes global as WeRide debuts in Hong Kong

Shares of WeRide began trading on the Hong Kong Stock Exchange on Tuesday, marking another step in China’s push to strengthen its global technology...
Saudi Arabia will use its $2/boe energy to power large-scale AI data centers

Saudi Arabia will use its $2/boe energy to power large-scale AI data centers

Saudi Arabia is moving fast to turn its cheap energy advantage into control over the AI data center industry. Aramco CEO Amin Nasser said the kingd...
Analysis: oil market faces hefty surplus despite OPEC+ pause and Russian supply disruptions

Analysis: oil market faces hefty surplus despite OPEC+ pause and Russian supply disruptions

The Organization of the Petroleum Exporting Countries and allies offered yet another surprise at their last meeting over the weekend.  The cartel w...
FTX estate to abandon its foreign payout freeze plan after intense pushback

FTX estate to abandon its foreign payout freeze plan after intense pushback

The estate managing the collapsed crypto exchange FTX has withdrawn its plan to block or delay repayments to creditors in almost 50 countries, foll...