Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
The world's biggest oil company has announced it made $161 billion in profits in 2022, a whopping figure for the corporation and its main shareholder, the Saudi government.
Saudi Arabia and Iran are restoring full diplomatic relations in a deal brokered by China, a move that could reduce tensions in the region and that asserts China's growing influence in the Gulf.
Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tensions, including a devastating attack on the heart of the kingdom's oil production.
Visiting Saudi Arabia last summer, President Biden tried to reassure Arab leaders of U.S. commitment to the region's security. But Gulf nations aren't necessarily rushing to side with Washington.
Before the pandemic, the hajj pilgrimage drew millions each year to Islam's holy city of Mecca, home to the cube-shaped Kaaba that observant Muslims pray toward five times a day.
The announcement, a groundbreaking deal for Middle Eastern soccer, ends speculation about where he would go next. Ronaldo became a free agent after his contract was terminated by Manchester United.
China is looking to deepen ties with Saudi Arabia and meeting other Arab leaders months after President Biden visited the kingdom — and had rocky results.
Lionel Messi's quest to win the one major title to elude him had a shocking start in what may be his final World Cup, as Saudi Arabia scored twice in a five-minute span of the second half and won 2-1.
The U.S. declaration that Saudi Arabia's crown prince should be considered immune from a lawsuit over his role in the killing of a U.S.-based journalist breaks from Joe Biden's campaign denunciations.
U.S. executives and billionaire investors are mingling and making deals at a conference nicknamed "Davos in the Desert," even as the White House reevaluates relations with Saudi Arabia.
The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.
The kingdom's sweeping redevelopment in the city of Jeddah is displacing hundreds of thousands of residents, many of them from working-class immigrant communities.
