Saudi Arabia’s GDP Tops $1 Trillion as Oil Prices Surge

Saudi Arabia announced this weekend that its gross domestic product had crossed the threshold of $1 trillion for the first time in its history, a milestone reached with the aid of high global oil prices and heavy government investment in tourism and entertainment.

Amin Nasser, the chairman and CEO of the state-run oil giant Saudi Aramco, speaks to journalists at the World Energy Congress in Abu Dhabi, United Arab Emirates, Tuesday, Sept. 10, 2019. Nasser told journalists Tuesday a planned initial public offering of a sliver of the oil company's worth would happen …

Saudi Oil Giant Aramco to Build Refinery in China

Saudi Arabia’s state oil company Aramco announced on Sunday that it has signed a deal with Chinese analog China Petroleum and Chemical Corporation (Sinopec) to build an oil refinery in southeast Fujian province, helping secure a stable and affordable supply of gasoline and other fuels in China.

In this photo made available by Saudi Press Agency, SPA, Saudi Crown Prince and Prime Minister Mohammed bin Salman, right, greets Chinese President Xi Jinping, during the Gulf Cooperation Council (GCC) Summit, in Riyadh, Saudi Arabia, Friday, Dec. 9, 2022. Gulf Arab leaders and others in the Mideast met Friday …

Saudis Warn Global Oil Supply in Jeopardy over Iran-Backed Houthi Attacks

Amin Nasser, CEO of Saudi Arabia’s national oil company Aramco, said on Monday that the world had better begin paying close attention to the relentless terrorist attacks on Saudi oil facilities launched by the Iran-backed Houthi insurgents of Yemen, because Houthi mischief could make it difficult for the Saudis to increase oil shipments in response to global demand.

Armed Houthi fighters attend the funeral procession of Houthi rebel fighters who were killed in recent fighting with forces of Yemen's internationally recognized government, in Sanaa, Yemen, on Nov. 24, 2021. A clan-based militia government in the Arab world's poorest country is presenting the Biden administration with its latest foreign …