Saudi and Gulf markets declined following Houthi claims of strikes on Riyadh. Regional instability triggered broad sell-offs in energy-linked equities. Oil and petrochemical sectors bore the brunt of the decline. Investor caution rose regarding supply chain security and regional stability. Saudi Aramco and Industries Qatar led losses. Potential operational disruptions warrant monitoring despite unconfirmed physical damage.
38 articles
Saudi and Gulf stock markets declined following Houthi claims of missile and drone strikes on Riyadh. The downturn was led by oil major Saudi Aramco and petrochemical producer Industries Qatar amidst
Saudi Aramco cancelled October crude shipments to European refiners following drone attacks on its East-West pipeline. The company aims to restore full capacity within six weeks while boosting Gulf ex
Saudi Aramco plans to export 60 million barrels via ship-to-ship transfers off Oman to offset Red Sea disruptions, causing global oil futures to drop over $1 per barrel.
Saudi Aramco is sourcing replacement diesel and gasoline cargoes in the Mediterranean and Europe following Houthi attacks on its Red Sea refineries and pipelines. The oil giant has bid through Platts
Saudi Aramco and Quantinuum signed an MoU to explore quantum computing applications in energy and industry, focusing on reservoir modeling, supply chain optimization, and catalysis simulation. The col
Saudi Aramco partners with Quantinuum to evaluate quantum computing applications for scientific and industrial challenges through R&D innovation.
Saudi Aramco sold heavy crude to Chinese refiners via the Gulf of Oman, signaling continued flows through the Strait of Hormuz. Other Gulf nations are also boosting exports to China, with analysts exp
Saudi Aramco resumed crude oil loading at Strait of Hormuz terminals in mid-August, ending weeks of sales stagnation caused by recent attacks. Three VLCCs loaded 2 million barrels each, with additiona
Saudi Aramco and Maaden plan a joint venture to explore copper and rare earth minerals across 182,000 sq km, targeting energy transition needs and economic diversification.
Saudi Aramco is arranging ship-to-ship crude transfers off Fujairah to bypass Strait of Hormuz disruptions linked to regional conflicts. This move helps Asian refiners secure supplies while avoiding s
Saudi Aramco delayed restarting its Jazan refinery to late August after a Houthi attack, according to IIR Energy. The incident exacerbates global diesel supply strains amidst Middle East and Russia di
Saudi Aramco extinguished a fire at its Jazan refinery with no injuries reported, while Yemen's Houthis claimed responsibility. This incident follows similar attacks in July, raising concerns over reg
Saudi Aramco confirmed a fire at its Jazan refinery was extinguished with no injuries. The incident occurs amidst ongoing geopolitical tensions involving Houthi attacks on Saudi oil infrastructure in
Saudi Aramco confirmed recent attacks caused no material operational impact while planning export capacity expansions amid Strait of Hormuz disruptions. The company reported a 33% profit surge driven
Saudi Aramco's Q2 net income rose 33% to $33.4 billion as geopolitical tensions drove oil prices higher. Despite reduced production, the company sustained exports via alternative routes while facing o
Saudi Aramco redirects crude exports to Egypt's Sidi Kerir port following Houthi attacks in the Red Sea, prompting tankers to avoid traditional routes and face higher insurance costs.
Satellite imagery confirms a fire at Saudi Aramco’s Jazan refinery following Houthi attack claims, though operational impact remains unclear as damage appears limited to storage tanks within the 400,0
US pauses nightly strikes on Iran while Houthi rebels target Saudi Aramco-linked facilities in the Red Sea, driving Brent crude up 27% amid concerns over global energy supply disruptions.
Oil prices rose marginally as markets weighed supply recovery from OPEC+ and UAE against demand outlooks. Saudi Aramco simultaneously slashed its August official selling price for Arab Light crude to
A Saudi Aramco helicopter crashed at its Ras Tanura terminal, killing 14 people just as crude oil loadings resumed following a four-month halt. Authorities have launched an investigation into the inci
Saudi Aramco plans to expand global storage facilities following energy supply disruptions in the Strait of Hormuz due to the Iran war. Chairman Yasir Al-Rumayyan noted regulatory challenges in Europe
China's National Energy Administration deputy head met Saudi Aramco executives in Beijing to discuss oil and gas cooperation amid global supply disruptions caused by regional conflicts. Both sides emp
Saudi Aramco warns underinvestment in oil refining worsened the supply crisis, citing 3 million barrels per day capacity closures since 2020, compounded by geopolitical conflicts removing 14 million b
Saudi Aramco agreed to sell its stake in Malaysia's Pengerang refining and petrochemical complex to Petronas, making the latter the sole owner. The transaction optimizes Aramco's downstream portfolio
Saudi Aramco exits its 50:50 petrochemical joint venture with PETRONAS in Malaysia, transferring all equity to the Malaysian firm. PRefChem becomes fully owned by PETRONAS, though both parties plan fu
Saudi Aramco is transferring its equity stakes in the PRefChem refining and petrochemical joint ventures in Malaysia to partner Petronas, ending an eight-year partnership amid regional energy disrupti
Saudi Aramco reported a 25% surge in Q1 profits to $32.5 billion, driven by higher oil prices amid regional conflict. The company maximized its East-West Pipeline capacity to bypass the disrupted Stra
Saudi Aramco CEO Amin Nasser warns that closing the Strait of Hormuz would cause a weekly loss of 100 million barrels, exacerbating global supply shortages and pushing oil prices above $100 per barrel
Saudi Aramco reported a Q1 2026 net profit of $32 billion, driven by surging crude and chemical prices amid Middle East tensions. The company noted strong operational resilience despite rising costs a
Saudi Aramco CEO Amin Nasser reported a global oil supply reduction of approximately 1 billion barrels over the past two months. Q1 net profit rose 26% to $33.6 billion, supported by enhanced pipeline
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