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Saudi’s King to Remove Son Mohammad as Crown Prince: Report

Saudi crown prince Mohammad bin Salman’s position as a crown prince is facing precariousness as his father King Salman is looking to replace him, according to a report by Spanish newspaper Publico.

UAE’s ADNOC, Saudi Aramco to Sell Refinery Stakes

State-owned Abu Dhabi National Oil Co (ADNOC) is in advanced talks with more than one potential buyer, including Italy’s ENI, as it prepares to sell minority stakes in its refining business, two sources familiar with the matter said.

Saudi Arabia is About to Borrow $ 12 Billion

Saudi Arabia's sovereign fund is in the process of borrowing up to $12 billion from international banks after the initial public offering plans of the Saudi national energy group, Saudi Aramco, have been frozen, the Financial Times reported.

Yemeni Forces Attack ARAMCO Refinery in Riyadh

The Yemeni army, backed by fighters from allied Popular Committees, has attacked a refinery of the Saudi oil company Aramco in the capital Riyadh using a new drone unveiled on Wednesday, with the kingdom confirming a fire at the plant.

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