Search For Keyword.

Gulf Arab Region

Saudi raps oil producers over flouting of output cuts

OPEC kingpin Saudi Arabia urged oil producers on Thursday to comply with output cuts decided last year in a bid to stabilise a slumping oil market and support prices. "Every country should live up to its commitments," new Saudi Energy Minister Prince Abdulaziz bin Salman said as a committee...

Aramco says ready for two-stage IPO, timing up to govt

Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign listing as part of the offering. Aramco is "ready" for the giant initial public offering (IPO) but the timing is a "government...