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Oil giant Saudi Aramco has $42.4b profit in third quarter
AP - Oil giant Saudi Aramco on Tuesday reported a $42.4b profit in the third quarter of this year, a 39% bump buoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide.
Saudi, UAE back OPEC cuts as US envoy warns of ‘uncertainty’
Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of “economic uncertainty” ahead for the world.
Saudi Aramco launches $1.5b fund, says energy transition plan flawed
Oil giant Saudi Aramco launched a $1.5b fund to support an inclusive global energy transition on Wednesday while Saudi officials said the switch from hydrocarbons could take decades, necessitating continued investment in conventional resources.
Saudi, China agree to strengthen energy cooperation: SPA
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and the director of China's National Energy Administration Zhang Jianhua on Friday said they would strengthen their ties in the energy sector, the Saudi state news agency SPA reported.
American officials not invited to Saudi investment conference
An upcoming Saudi investment conference has not invited US officials as a rift is widening between Washington and Riyadh, which appears to be gravitating toward Russia amid a worsening energy crisis in the West.
Biden to 're-evaluate' Saudi ties after OPEC snub: White House
President Joe Biden is to "re-evaluate" the US relationship with Saudi Arabia in light of the OPEC+ decision to cut oil production, a White House spokesperson said Tuesday.
Missiles will rain down on you if siege drags on: Yemen tells Saudi-led coalition
The head of Yemen’s Supreme Political Council warned the Saudi-led coalition that a volley of missiles and drones will rain down on them should they continue the war and siege against the Yemeni people.
U.S. to resupply Saudi, UAE missile defense systems
The U.S. State Department approved the potential sale of Terminal High Altitude Area Defense (THAAD) missile interceptors to the United Arab Emirates and Patriot missile interceptors to Saudi Arabia in separate deals worth as much as $5.3 billion, the Pentagon said on Tuesday.
Oil rises on Saudi oil production expectations
Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S. central bank could raise interest rates less aggressively than anticipated.
Khashoggi's fiancée: Saudi crown prince's visits do not absolve him
The fiancée of journalist Jamal Khashoggi said on Wednesday that the political legitimacy Saudi Crown Prince Mohammed bin Salman receives during visits to other countries does not change the fact that he is a "murderer".
U.S. fails to assess civilian deaths in Yemen war: Report
The State Department and the Defense Department have failed to assess civilian casualties caused by a Saudi-led coalition in the catastrophic war in Yemen and the use of American-made weapons in the killings, according to an internal government report.
Oil prices hit $120 as Saudi July price rise eclipses OPEC+ deal
Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight supply.
Yemenis protest continued Saudi-led aggression
Thousands of Yemeni people poured into the streets in the capital Sana’a and other cities to voice their outrage over the continued acts of aggression and war crimes committed by the Saudi-led coalition.

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