National oil giant Saudi Aramco expects to sign $50bn of deals with US companies on Saturday, part of a drive to diversify the kingdom's economy beyond oil exports, Aramco's chief executive Amin Nasser said.
Saudi Aramco plans to shut its 126,000 barrels per day (bpd) crude oil refinery in Riyadh for planned maintenance from March 1 for 80 days, the state news agency reported on Tuesday.
Saudi Arabia's Energy Minister Khalid al-Falih said on Wednesday it would take some time for the market to recover after a global oil deal between Opec and rival producers to limit supplies.
National oil firm Saudi Aramco informed Egyptian authorities that it would halt shipments of petroleum products to Egypt "until further notice", an Egyptian official told Reuters on Monday.
A Saudi power relay station was set on fire on Friday by a projectile fired from neighbouring Yemen towards the southern Saudi Arabia, Saudi state news agency SPA reported.
Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said.
Saudi Aramco Chairman Khalid al-Falih said on Sunday an initial public offering of the world's largest oil firm could be on the local or international markets but would not include Saudi oil reserves, according to Dubai-based al-Arabiya TV.