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Saudi Arabia

Indian exporters offset US tariff hit by shifting to new markets

As the steep 50% US tariffs imposed on several Indian goods from August 27 begin to bite, exporters in key sectors have swiftly redirected...

ADES inks Compact Driller rig contract with Brunei Shell Petroleum

The Saudi Arabia-headquartered international oil and gas drilling service provider ADES Holding Company (ADES) has secured through its wholly owned subsidiary Shelf Drilling a...

Russia fails to win back seat on IMO’s top table

Russia failed on Friday to secure a seat on the IMO Council despite urging countries to back its nomination for a seat it lost...

“China has shifted to developing next-generation fuel ships, Japan lags behind

China’s shipbuilding industry is becoming an important partner for global shipowners in moving towards green development, which has also sparked anxiety among Japanese counterparts...

Opec+ agrees mechanism to set new production baselines

London, 30 November (Argus) — Opec+ ministers on Sunday approved a mechanism to assess and update member country crude production capacities on an annual...

Market is booming! Israeli shipowner orders 4 more VLCCs

Israeli shipowner Ray Car Carriers has placed an additional order for 4 VLCCs with HD Korea Shipbuilding & Offshore Engineering. According to foreign media reports,...

Saudi Arabia May Reduce January Oil Prices to Asia to Five-Year Low

November 28, 2025 - Saudi Arabia, the world’s biggest oil exporter, is expected to lower its January crude price for Asian buyers for a...

Greek-Saudi Arabian cooperation in shipping

The discussion confirmed the substantial upgrade of Greece – Saudi Arabia relations in recent years, through successive, high-level contacts and the enhancement of the...

Gasoline gains 5% this week, naphtha down 3%

Asia’s gasoline market gained about 5% this week on the back of tight supply-demand fundamentals amid regional outages and expectations of low exports from...

SGP sets new container handling records at Saudi Arabian ports.

SGP Container Terminals, part of the Saudi Global Ports group, announced two significant milestones in October 2025. The company handled its 15 millionth TEU...
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