On the Arabian peninsula, U.S. oil giant Chevron has launched a $340-million pilot project to extract heavy oil from beneath the desert sands. WSJ's Ben Casselman reports from Wafra, Kuwait.

China Petroleum & Chemical Corporation (Sinopec) and the Saudi Arabian Oil Company (Aramco) have signed a venture framework agreement to expand the Yanbu Refinery in Saudi Arabia. The expansion ...

The profit decrease “was mainly due to the impact of lower crude oil prices and weakening refining ... Saudi Arabia’s vast oil resources, located close to the surface of its desert expanse ...

“The decrease was primarily a result of lower crude oil volumes sold, weakening refining ... Saudi Arabia’s vast oil resources, located close to the surface of its desert expanse, make it ...