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According to the statement, the MOUs support Saudi Aramco's forward-looking strategy across business units, including downstream, offshore, and engineering. (Saudi Aramco)

October 25th, 2018 - 04:14 GMT

Energy MoU's Take the Lion's Share at Saudi's FII With Saudi Aramco Hitting $34 Billion

State-run Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than $34 billion with 15 international partner companies and entities from eight countries in three continents, the company announced Tuesday.

Only a handful of Saudi women are appointed to the board of major Saudi companies. (AFP)

April 30th, 2018 - 06:40 GMT

Saudi Aramco Appoints First Female Executive

Leaders from the world’s top 20 economies are set to meet in Buenos Aires this week, with the current state of the global economy at the top of the agenda. (AFP)

March 19th, 2018 - 12:59 GMT

G20 Meeting, Bitcoin Woes: 5 Things to Know in Global Markets Today

Here are the top five things you need to know in global markets today Monday, January 15. (Shutterstock)

January 15th, 2018 - 01:30 GMT

Gold Higher on Weaker Dollar: Top 5 Things to Know Today in the Markets

Oil prices steadied near seven-month lows on Tuesday. (File photo)

June 20th, 2017 - 10:44 GMT

Opinion: 8 Reasons Why Oil Prices Could Fall Even Lower in Coming Weeks

In a statement Friday from OPEC on the outcome of the meetings in Istanbul, Russian Energy Minister Alexander Novak said support was growing from non-member states. (Shutterstock)

October 16th, 2016 - 04:09 GMT

Crude oil prices dip despite positive OPEC sentiment in Istanbul

For the British energy sector, Oil & Gas U.K. said in a statement the industry is "at a critical juncture." (Shutterstock)

June 26th, 2016 - 05:00 GMT

Oil prices suffer one of worst slides in recent history following Brexit vote

With markets already balancing on the back of modest global economic growth, the price for crude oil last week topped $50 per barrel for the first time in nearly a year. (File photo)

June 16th, 2016 - 04:37 GMT

Brexit fears, Goldman Sachs report drive oil prices below $50

The Organization of Petroleum Exporting Countries said in its latest monthly market report it estimated about $290 billion was cut from spending plans across the globe in the last year. (AFP/File)

May 15th, 2016 - 11:30 GMT

Oil exploration and production spend to be halved over next two years: OPEC

Oil prices have picked up, but energy companies are still apprehensive as witnessed by declines in rig activity. (File photo)

March 20th, 2016 - 07:29 GMT

Oil rallies to 2016 high on news of Doha meeting

The price for crude oil stayed consistent despite pessimistic predictions. (AFP/File)

July 21st, 2015 - 02:09 GMT

Oil prices stay steady after dropping in July

Al Bawaba

July 14th, 2015 - 10:32 GMT

Oil tumbles on news of Iranian nuclear deal

"Everybody gets a little more imaginative, because they need to," says Hans-Christian Freitag, vice president of technology for the drilling services company Baker Hughes.

March 25th, 2015 - 05:39 GMT

Shale won't go stale: US drillers have decided to fight OPEC back

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