8 articles
BP reported record quarterly profits of $5.73bn, doubling due to Middle East tensions driving oil prices higher. Competitors Shell and Aramco also posted record earnings, sparking criticism over soari
South Korean refiner S-Oil Corp. canceled a 300,000-barrel diesel tender amid Houthi threats disrupting Red Sea crude flows from Saudi Arabia. The move underscores supply chain vulnerabilities for its
Sadara Chemical reported a widened Q1 net loss of SR 1.62 billion due to lower sales volumes and prices caused by operational disruptions. The Aramco-Dow joint venture expects sufficient funds to meet
Iran responded to a US peace plan amidst Strait of Hormuz tensions disrupting energy markets. LNG shipments resumed while Aramco profits surged due to war-driven oil price spikes, with Brent crude set
Saudi Aramco's CEO indicated interest in further petrochemical investments in China, citing the large market size and relatively low project costs.
Saudi Aramco and ExxonMobil have signed an agreement to potentially expand the Samref Yanbu complex into an integrated petrochemicals facility through their 50/50 joint venture.
Saudi Aramco acquired an additional stake in Petro Rabigh for $702 million, becoming its largest shareholder, while Sumitomo Chemical's holding fell to 15%.
Aramco spent over $5 billion in H1 on integrated refining and petchem projects. The move advances its liquids-to-chemicals strategy despite current market headwinds.
ChemBrief