Saudi

Saudi Aramco, Saudi Arabia's national oil company, said Sunday that net income fell 44 percent to $ 49 billion last year as oil prices fell due to the pandemic in earnings.The company's managing director, Amin H. Nasser, described 2020 in a…

Ahmed Zaki Yamani, Saudi Arabia's powerful oil minister and architect of the Arab world's aspiration to control its own energy resources in the 1970s and later influence oil production, fuel prices and international affairs, died in London.…

OPEC, Russia and other oil producers reached an agreement on Tuesday that included Saudi Arabia's pledge to cut oil production by one million barrels a day in February and March - a cut of more than 10 percent from the daily target in…