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News about Saudi Arabia Economy
Stay current with all the latest and breaking news about Saudi Arabia Economy, compare headlines and perspectives between news sources on stories happening today. In total, 157 stories have been published about Saudi Arabia Economy which Ground News has aggregated in the past 3 months.
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Business · Saudi ArabiaSaudi Arabia is pushing OPEC+ to fast-track the group’s next oil production increase, moving up a supply hike originally scheduled for late 2026. OPEC+ has injected a lot of downside pricing risk into the oil markets this week, fuelling speculation that the second wave of voluntary cuts totalling 1.65 million b/d could be unwound much quicker than previously expected. Saudi Arabia is seemingly interested in pushing ahead with the unwinding durin…See the Story
OPEC+ Dials Up Downside Risk as Saudis Eye Further Output Hikes
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Business · Saudi ArabiaA consortium led by Abu Dhabi National Energy Co (Taqa) has secured funding for greenfield power plant projects in Saudi Arabia worth $4 billion. The Rumah 2 and Nairyah 2 gas-fired power plants are located in the western and central regions and will generate 3.6 gigawatts of power to the national grid. The group includes Japanese power generation company Jera Co and AlBawani Capital, a subsidiary of Riyadh-based AlBawani Holding. The consortium…See the Story
