Read the latest news from regional and global sources, presenting different voices and perspectives.
OPEC+ to ramp up oil output even higher in August with eye on market share
Fortune
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Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August to 548,000 barrels per day. Analysts had expected the alliance to decide on another output increase of 411,000...
OPEC+ to boost oil production by 548,000 barrels per day in August
Associated Press
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July 5, 2025
NEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group that includes Saudi Arabia and...
Oman, Saudi fast-track industrial integration
Oman Observer
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July 5, 2025
RIYADH: The second phase of industrial integration initiatives between Oman and Saudi Arabia (KSA) was launched in Al Riyadh as part of the work of the Economy, Trade, and Industry Committee of the Omani-Saudi Coordination Council, on Saturday....
Oman and Saudi Arabia launch second phase of industrial integration
Oman Observer
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July 5, 2025
RIYADH: The second phase of industrial integration initiatives between Oman and Saudi Arabia (KSA) was launched in Al Riyadh as part of the work of the Economy, Trade, and Industry Committee of the Omani-Saudi Coordination Council, on Saturday....
Saudi Aramco eyes $4bn from major power assets sale
Gulf Industry Magazine
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Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of...
Oman, Saudi launch 2nd phase of industrial integration initiatives
Muscat Daily
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July 5, 2025
Muscat – The Sultanate of Oman and the Kingdom of Saudi Arabia launched the second phase of industrial integration initiatives on Saturday in Riyadh, as part of the Economic, Trade, and Industry Committee under the Omani-Saudi Coordination...
OPEC+ to boost crude oil production in August
United Press International (UPI)
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A gas flame is seen in the desert at Khurais oil field, about 100 miles from Riyadh, Saudi Arabia. File photo by Ali Haider/EPA July 5 (UPI) -- Eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per...
OPEC+ to expand oil output in August
NHK
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The world's major oil producing group OPEC Plus says it will further increase crude oil production in August. Eight OPEC Plus members, including Saudi Arabia and Russia, agreed during an online meeting on Saturday to raise output by 548,000...
Opec+ decision to raise production a ‘calculated risk’
Oman Observer
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July 5, 2025
MUSCAT, JULY 5 A leading Omani energy expert has described Opec+’s decision to raise oil production by 548,000 barrels per day (bpd) starting August as a “calculated risk” based on encouraging market signals. The move, announced on Saturday, July...
OPEC+ to raise oil output by 548,000 bpd in August as group accelerates production rebound amid market pressure
Profit by Pakistan Today
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July 5, 2025
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped — and then retreated — following Israeli and U.S. attacks on Iran. The group,...
OPEC+ may accelerate oil output in Aug
The Manila Times
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July 5, 2025
LONDON — The Organization of the Petroleum Exporting Countries (OPEC+) may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three...
GOP mega-bill axes billions of dollars in clean-energy subsidies. It could help China. Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies. Read More »
Yahoo News
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Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies: China’s artificial intelligence industry. China is pouring money into energy production to support its...
Mugging of 5 lakh Saudi Riyals: Five placed on remand, 1 sent to jail
The Business Standard
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July 5, 2025
A Dhaka court has placed five individuals on different terms of remand over their suspected link to mugging foreign currencies, including 5 lakh Saudi Riyals, in the capital's Tejgaon Industrial area. One suspect has been sent to jail. Dhaka...
Iraq’s oil exports to India drop 4% in early 2025
Shafaq News
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2025-07-05T15:44:22+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad/New Delhi Iraq’s crude oil shipments to India averaged 860,000 barrels per day (bpd) in the first half of 2025, down 4% from 900,000 bpd during the same period last...
OPEC+ further accelerates oil output hike by 548,000 bpd in August
Saudi Gazette
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July 5, 2025
Saudi Gazette report RIYADH — Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective oil production by 548,000 barrels per day in August. The decision to further accelerate oil output hike was taken...
OPEC+ speeds up oil output hikes in August
Nikkei Asia
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LONDON (Reuters) -- OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and U.S. attacks on...
Why GTA 5’s Saudi Arabia release signals a bigger worldwide launch for GTA 6
Sportskeeda
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July 5, 2025
While most in the Grand Theft Auto fanbase are awaiting GTA 6, those in Saudi Arabia are looking forward to the release of GTA 5, which came out originally in 2013 but has been banned in the country since 2018. Nevertheless, it has proven to be a...
Oman and Saudi Arabia launch Phase II of industrial integration
Times of Oman
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Riyadh: The second stage of the industrial integration initiatives between the Sultanate of Oman and the Kingdom of Saudi Arabia kicked off on Saturday within the activities of the Economy, Trade and Industry Committee of the Oman-Saudi...
Saudi Crown Charts Tourism Surge Ahead of 2034 Boom
Arabian Post
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July 5, 2025
Global tourism is projected to reach 30 billion trips by 2034 and contribute $16 trillion to world GDP, growing 1.5 times faster than the global economy, according to the World Economic Forum’s latest report. Amid this surge, Saudi Arabia is...
The Video Game Industry in Saudi Arabia: Between Entertainment and Political Influence
Muwatin
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July 5, 2025
Under the Federation’s umbrella, numerous competitions and tournaments have been launched, including the Saudi Esports League, the School League, the Saudi University League, the Saudi Fighting Games League, and others. Approximately 30 companies...