Reuters Gulf stock markets moved little on Wednesday as Saudi Arabian cement shares lost steam after the release of the 2018 state budget, and Qatar’s market pulled back. The Saudi index edged up 0.2 percent as cement shares, which had surged in the days before the release of the budget as investors anticipated an increase in infrastructure spending, ran into ...

Bloomberg Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018. The top OPEC producer expects to collect 492 billion riyals ($131 billion) from oil sales in 2018, compared with 440 billion riyals this year, the Finance Ministry said in a budget statement. Oil ...

Bloomberg Oil headed towards its highest close in over a week as industry data was said to show a larger-than-expected drop in US crude stockpiles. February futures in New York added 0.4 percent after gaining 0.6 percent. Inventories fell 5.2 million barrels last week, the American Petroleum Institute was said to report, suggesting further tightening in a market already facing ...