From Oil to Solar: Saudi Arabia Plots a Shift to Renewables

NYT > Middle East

Life in Saudi Arabia has long been defined by the oil that flows from the kingdom. Over decades, the vast wealth it pumped out paid not just for gleaming towers and shopping malls but also for a government sector that employs a majority of working Saudis.

Saudi Energy Minister Keeping Close Eye on US Oil Producers

U.S. News

Saudi Arabia's energy minister says OPEC production cuts are working to bolster crude prices and his country will look at whether other oil-producing nations are living up to their promises to curtail pumping before deciding whether to extend the cutbacks beyond this summer.

Saudi Energy Minister Denies Aramco IPO Will Be Called Off

U.S. News

"The government remains committed to the initial public offering of Saudi Aramco, in accordance with the appropriate circumstances and appropriate time chosen by the Government," Energy Minister Khalid al-Falih said in a statement released on Saudi Press Agency.

Putin to Meet Saudi Crown Prince, Energy Minister Later on Thursday: Kremlin

U.S. News

Kremlin spokesman Dmitry Peskov has previously said that the two delegations would discuss an agreement on cutting global oil production which Saudi Arabia and Russia are leading, but did not plan to discuss an exit from the deal.

Saudi king and Putin set to clinch energy and arms deals during landmark Russia visit

The Japan Times

MOSCOW – On a landmark visit to Russia, Saudi Arabia's King Salman bin Abdul-Aziz al-Saud Salman and President Vladimir Putin were set on Thursday to clinch a host of multibillion-dollar energy and defense deals despite discord over the Syrian war. The first official trip to Russia by a Saudi monarch will also see the leaders of the world's largest energy exporters discuss an extension of an OPEC agreement to cap oil output. "This is the first visit by a Saudi Arabian monarch in the history of our relations and that in itself is a landmark event," Putin said as he welcomed King Salman to Moscow in an ornate gilded Kremlin hall. "I'm sure your visit will boost the ties between our countries," he said. "We aim to strengthen our relations in the interests of peace and security, in the interests of developing the world economy," the Saudi king responded.