RIYADH — Saudi Arabia’s merchandise exports increased 3.9 percent in May 2026 compared with the same month last year, driven by a 19.5 percent increase in oil exports, according to the General Authority for Statistics (GASTAT). The report showed that the merchandise trade surplus also surged 328.8 percent year-on-year. Non-oil exports, including re-exports, declined 26.1 […]
Saudi Arabia has rerouted its crude exports during the Purple Sea port of Yanbu after Hormuz disruptions. (Satellite tv for pc symbol of Bab-el-Mandeb Strait – supply Reuters) After the Strait of Hormuz disruptions, a contemporary danger to the sector’s oil provide has emerged with the Iran-backed Houthi motion in Yemen saying a maritime blockade […]
Oil deepened its slide under pre-war ranges as Saudi Arabia ramped up crude exports towards commonplace charges, extending the restoration in flows from the Persian Gulf and heightening the possibility of a provide surplus. Brent futures slipped to close $70 a barrel in London, hitting their lowest because the week ahead of the Iran struggle […]
U.S. President Donald Trump and Crown Prince and High Minister Mohammed bin Salman of Saudi Arabia stand for a photograph with Tesla CEO Elon Musk, Nvidia CEO Jensen Huang and different contributors on the U.S.-Saudi Funding Discussion board on the Kennedy Heart on Nov. 19, 2025 in Washington, DC. Win McNamee | Getty Pictures The […]
Shaybah oil box in Saudi Arabia. Reuters-Yonhap Information NEOM Town web site Samsung Electronics (005930.KS) will use the tip of the U.S.-Iran struggle as a chance to overtake its cellular and residential equipment companies at its first-half international technique assembly, which opens Monday. Consistent with the business Sunday, Samsung Electronics will assessment its international gross […]
