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Saudi Arabia's crude oil sales to China are expected to remain at record lows ​in July as elevated prices in the wake ‌of the U.S.-Israeli war on Iran continue to weigh on demand from the world's
Saudi Aramco set the official selling price for July loadings of its Arab Light crude to Asia at $9.50 above regional benchmarks, down from a premium of $15.50 a barrel in June.
Saudi Arabia has cut its official selling prices (OSPs) for crude oil to Asia in July ​for a second month, as expected, as spot ‌premiums eased on slow demand despite supply disruptions driven by
Saudi Arabia is expected to burn more imported fuel oil for power generation this summer following ​a loss of natural gas supply from oilfields that have been shut after the Iran war curbed its oil
Q1 2026 adjusted net income rose by 26% year-on-year and by 34% quarter-on-quarter. The profit figure beat analyst forecasts, Aramco said.
Saudi oil giant ​Aramco reported on Sunday ‌a 25% rise in first-quarter ​net profit, ​mainly due to ⁠higher sales, ​while the East-West ​crude pipeline that circumvents the Strait ​of

Saudi Arabia cuts Arab Light June OSP for Asia

03:44pm, Tuesday, 05'th May 2026
Saudi Arabia has ​set the ‌June Arab Light ​crude oil ​official selling price ⁠to ​Asia at $15.50 ​a barrel above the Oman/Dubai ​average, ​down from the previous ‌month, ⁠Saudi
The United Arab Emirates' decision to exit OPEC and OPEC+ was not directed against ​anyone but meant to serve national interests, Abu Dhabi National ‌Oil Company CEO Sultan Al Jaber said on Monday

CNBC Daily Open: UAE leaves OPEC adrift

02:23am, Wednesday, 29'th Apr 2026
The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.
Suhail Al Mazrouei, the UAE's Energy Minister speaks to CNBC's Dan Murphy following the country's announcement it will leave OPEC. The Minister described the move as a "pure policy change", dismissing
The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg's Joumanna Bercetche that the timin
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The United Arab Emirates said it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and ​their de facto leader, Saudi Arabia, at a time when the Iran ‌war has caused a historic
Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on ​spillovers from the U.S.-Israel war with Ira

Access Middle East - 27-Apr-26

11:30pm, Sunday, 26'th Apr 2026
CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00
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