crude oil

Crude oil hits record low

Average monthly crude oil prices dropped to below $65 per barrel in May 2025, one of the lowest since April 2021. Following an 8.1% increase in January 2025, WTI prices declined for three consecutive…

Al Majalla - London 27 May 2025

Crude oil tanker Advantage Angel sails in the Bosphorus, on its way to the Mediterranean Sea, in Istanbul, Turkey December 12, 2022. REUTERS/Yoruk Isik

Turkey Reaches Deal Over New Crude Tanker Insurance Regulations

Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before…

13 December 2022

Saudi Aramco To Invest in $7 bln Petchem Project in South Korea

Saudi Aramco (2222.SE) said on Thursday it plans to invest in a $7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's (010950.KS) refining complex in…

17 November 2022

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann

Oil Supported By Supply Threats Yet Still Set For Weekly Drop On Demand Fears

Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China's COVID-19 curbs weighed on the…

09 September 2022

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian

Oil Steady As Tight Market Competes With Recession Fears

Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar. Brent crude futures for October settlement fell 34…

22 August 2022

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Saudi Arabia, the US, and the renewal of partnership

17 November 2025

Trump elevates Saudi Arabia to 'major non-NATO ally' status, just hours after the Saudi crown prince announced he would increase his investments in the US to nearly $1tn.

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Sara Padovan

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Is support for Israel becoming toxic at the ballot box?

11 November 2025

As Americans rethink the moral—and strategic—calculus of US support for Israel, politicians are scrambling to keep pace

Alfred J. Naddaff

This handout photograph released by the official Syrian Arab News Agency (SANA) on 10 November 2025, shows US President Donald Trump (L) shaking hands with Syria's President Ahmed al-Sharaa at the White House in Washington DC.

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Syria-US rapprochement sees cooperation surge

13 November 2025

Since Trump began lifting sanctions in May, no time has been wasted. US investment delegations have been flocking to Damascus, and security cooperation has already started.

Charles Lister

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Business & Economy

From oil to AI: a century of Saudi-US partnership

17 November 2025

The Saudi-US alliance is entering a new phase—one characterised by maturity, equilibrium, and a shared vision attuned to a world increasingly shaped by technology

Omar Harkous

Lina Jaradat

Politics

Israel's Olive War aims to uproot more than just trees

09 November 2025

The olive tree is no longer just a source of sustenance for West Bank Palestinians, but a silent witness to their profound struggle between permanence and erasure

Mohammed Najib

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LATEST ISSUE

Crude oil hits record low

Turkey Reaches Deal Over New Crude Tanker Insurance Regulations

Saudi Aramco To Invest in $7 bln Petchem Project in South Korea

Oil Supported By Supply Threats Yet Still Set For Weekly Drop On Demand Fears

Oil Steady As Tight Market Competes With Recession Fears

Saudi Arabia, the US, and the renewal of partnership

Is support for Israel becoming toxic at the ballot box?

Syria-US rapprochement sees cooperation surge

From oil to AI: a century of Saudi-US partnership

Israel's Olive War aims to uproot more than just trees

OPINIONS

The silver lining to lower oil prices for Gulf states

Mona Hatoum meets Giacometti in London exhibition

Syria after Assad: reclaiming a national identity lost to regional overreach

Saudi Arabia and the US: an unprecedented partnership

crude oil

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