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Fed, PMIs awaited for more economic cues

Surging prices fueled by refinery activity, China demand, and Middle East disruptions

The rating reflects minimal default risk, strong ability to meet financial obligations

The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices

The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says

Surprise decline in U.S. crude stockpiles supports prices

The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024

Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer

Concerns over China's economic weakness continue to impact oil market

The focus on U.S. inflation data, OPEC report influences oil prices

Despite decline in oil production, diverse industries foster growth in the kingdom

Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024