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Oil Prices

Oil crashes after Saudi Arabia declares price war with Russia

Oil prices witnessed historic collapse by almost 30 percent today (Monday) after Saudi Arabia started a price war with Russia by slashing its selling prices and set plans for a dramatic increase in crude production in April. US oil prices

Saudi stocks plunge after drone attacks on Aramco

Riyadh: The Saudi stocks fell by 2.3 percent after the recent attacks on ARAMCO facilities in Saudi Arabia. The attacks on the facilities have slashed the Saudi oil supply by almost 50 percent. The Saudi markets opened on Sunday observed

Saudi Arabia appoints new Energy Minister amid low oil prices

RIYADH: Saudi Arabia’s King Salman has appointed his son, Abdul Aziz bin Salman, as the new energy minister, on Sunday, state media said, in a major shakeup as the OPEC overlord reels from low oil prices. The appointment of Prince