Mohammed bin Salman

Saudi Arabia's ruling family made a surprise move in which King Salman's son, 31-year-old Mohammed bin Salman bin Abdulaziz, will now be first in line to succeed as ruler of the country, CNBC reported. The 31-year-old has also been named deputy prime minister in addition to maintaining his...

Saudi Aramco, the Saudi Arabian government-owned oil company, is considered the world's most valuable company with estimates ranging in the trillions of dollars with most recent estimates coming in at around $2 trillion. But as the oil giant is prepping for a historic initial public offering, the...

Bloomberg published a list on Thursday of who its reporters and editors consider to be the most influential people in the world. For many, the list shouldn't come as a surprise and contains familiar names including JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon, Tesla Motors Inc (NASDAQ:...

Saudi Arabia is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and its largest member. So, why is the country hinting that it may pursue a future in which the organization is irrelevant? Saudi Arabia has indicated in the past that it no longer cares for OPEC's...

Over the weekend, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman named Khalid al-Falih as the nation's new energy minister. The change marks the first transition at the position since 1995. For U.S. oil investors, the impact of Falih’s appointment on the global oil market...

The highly-anticipated meeting of OPEC and non-OPEC global oil producers this weekend in Doha did very little to inspire confidence among oil investors that a timely solution to the massive crude oil glut is imminent. Although the purpose of the meeting was to discuss a potential global production...

Oil investors had high hopes for this month’s international meeting of leading OPEC and non-OPEC oil producers, who will reportedly be discussing a plan to freeze global oil production. Rumors surrounding the meeting have been driving a huge rally in crude oil prices after they hit their...

Crude oil traded lower on Friday as the prospect of a freeze in output among major global producers turned grim. According to Bloomberg, Saudi Arabia pledged to freeze its oil output, but under a major condition – Iran and other major producers must promise to follow suit. OPEC and non-OPEC...