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Saudi Arabia’s state oil giant reported worse-than-expected earnings, with quarterly profit falling for a 10th successive ...
Since returning to the Oval Office, Trump has been on a tariff rampage. The global trading system is unrecognisable. Tariffs ...
Washington Post underlines West’s ‘frustrations’ over failure to ‘cripple’ Russia’s economy & The Economist notes ‘shift’ in ...
Arabian Gulf Business Insight on MSN56m

IMF supports Saudi spending despite budget deficit

The International Monetary Fund is urging Saudi Arabia to pursue “a countercyclical fiscal stance” despite its growing current account and budget deficits. In a statement released on Monday, the IMF ...
The Finance Ministry said that taxes on oil and gas condensate extraction brought $11 bln to the budget in July 2025 ...
President Trump is seeking to promote U.S. energy in his trade negotiations, but announcements about agreements so far have been light on details, and actual outcomes are largely mysterious.
Oil slipped about 1% on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about U.S.
Americans love olive oil — and import 95% of it. But tariffs are making it harder for Europeans to sell it to Americans.
U.S. President Donald Trump has threatened India with increased tariffs over its purchase of Russian oil amid Moscow's war in ...
Spot charter rates secured — To date in Q3 2025, Suezmax spot rates are at $31,400 per day and Aframax/LR2 rates are at ...
Oil futures fell for a third consecutive session after OPEC+ said it will lift output by another 547,000 barrels a day in ...
Venezuela's oil and fuel exports dropped in July as companies, including Chevron, awaited US authorizations to resume operations and exports that were halted in May.