Al Majalla outlines the main factors behind Saudi Arabia and Russia's decision to cut oil production and how this could impact the upcoming US elections
Oil reserves in Sudan and South Sudan remain underutilised, largely due to war. Meanwhile, lack of stability has curbed potential foreign investment in East Africa's oil fields.
Saudi Arabia's first-quarter budget figures reflect a steadily diversifying the economy, reducing reliance on oil as the country's main source of income, and boosting opportunities the private sector
Oil rose about 1% on Thursday supported by optimism over China's demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates.
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The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions…
"In the past few decades, our neighbors used to go on a two months’ vacation, leaving the home ACs on. Why? He was told that here in Jeddah, it will be hot when they come back! They could not wait…
In its stated goal to eradicate Hamas, Israel has vowed to hunt down its leaders across the world. Al Majalla profiles the long list of Palestinian figures killed by Israel.