published Oct 9, 2017, 1:30:01 PM, by Debjit Chakraborty, Dhwani Pandya and Saket Sundria (Bloomberg) —Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market, according to  Saudi Arabian Oil Co.’s chief executive officer. The company, popularly known as Saudi Aramco, plans to create

published Mar 28th 2017, 2:51 am, by Wael Mahdi (Bloomberg) — Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world’s biggest initial public offering. Aramco’s income tax, paid on the company’s profit, is

published Mar 6th 2017, 4:51 pm, by Serene Cheong and Sharon Cho (Bloomberg) — The oil is light, sweet and tempting, with a lot of it made in the U.S. Saudi Arabia’s trying to keep it away from the biggest crude buyers. The Middle East producer cut the pricing for

published Jan 5th 2017, 2:56 pm, by Mark Shenk (Bloomberg) —Oil rose as Saudi Arabia was said to meet its pledged output cut this month and U.S. stockpiles fell the most in almost four months. The kingdom is going for full compliance with OPEC cuts so other countries do the

©2016 Bloomberg View O1ZRY26S972B (Bloomberg View) — Plunging oil prices and widening budget deficits have forced Saudi Arabia to look for new sources of revenue: The kingdom has dumped at least $100 billion of its foreign exchange reserves and is even considering selling part of the government-owned oil company Saudi