SABIC’s first quarterly loss in more than a decade, sparked by lower average selling prices and a writedown at an affiliate, sent its shares down 2% to 86.90 riyals in early trade
State oil giant Saudi Aramco, the world’s biggest oil producer, is in talks to buy a stake in the refining and petrochemicals businesses of India’s Reliance Industries
KUWAIT CITY: Share prices in energy-rich Gulf Arab states fell sharply at the start of the week Sunday, dragged down after oil prices plunged to new lows.