144 articles
Saudi Aramco confirmed it will provide full crude oil allocations to European refiners in November after its pipeline resumed operations. This restores supply following an October disruption that forc
Saudi Aramco plans to spin off its natural gas business into a standalone unit valued over $100 billion, supporting Jafurah field expansion to boost production by 80% by 2030. The move aims to enhance
NESR and Saudi Aramco have agreed to execute a lithium demonstration project producing 2,000 tons per annum of battery-grade lithium carbonate starting in late 2027. The initiative combines Aramco's s
Nigeria's Dangote Petroleum Refinery aims to attract 10 million retail investors for its IPO, per CEO David Bird, citing Saudi Aramco's listing as a benchmark.
Saudi Aramco and Kuwait Petroleum CEOs warned that global partners must fund infrastructure repairs and storage following war damage to oil assets. They emphasized critical supply shortages and called
Saudi Aramco CEO warns global oil supply buffers are critically low due to Strait of Hormuz disruptions, impacting energy markets and industrial supply chains. He urges long-term energy security inves
Oil prices dropped two days as Middle East exports rose and Saudi Aramco cut prices, with WTI near $89/barrel. Supply flows are recovering while product shipments remain constrained amidst acute marke
Saudi Aramco CEO Amin Nasser stated that replenishing global crude and fuel stockpiles may take two years amid supply squeezes and conflict impacts. Approximately 3 billion barrels of supply were lost
Saudi Aramco CEO Amin Nasser warned global oil stockpiles are critically low due to Strait of Hormuz risks, noting emergency releases won't resolve long-term supply imbalances. Replenishment could tak
Global stocks rose and the dollar weakened as investors trimmed expectations for Federal Reserve rate hikes, while oil prices remained elevated due to Houthi attacks on Saudi Aramco sites.
Saudi Aramco cut Arab Light crude prices to Asia by $5 per barrel below the benchmark for November, hitting a six-year low amid fierce market share competition. The price reduction accompanies increas
Saudi Aramco cut November crude oil prices for Asia by $5 per barrel, the widest discount since June 2020, while raising European rates and keeping US prices steady amid stable OPEC+ production target
Oil prices rose after Yemen's Houthis attacked Saudi Aramco sites, raising production concerns. Brent crude climbed 0.79% to $103.06 per barrel while US WTI gained 0.50% to $91.57.
Saudi Aramco cut Arab Light crude prices to Asia by $5 per barrel, hitting a 2020 low and pushing oil prices down despite Yemen conflict risks. Brent and WTI declined while OPEC+ kept production quota
Witnesses observed fire and smoke near a Saudi Aramco facility in Riyadh amidst ongoing Houthi attacks on Saudi energy infrastructure, pending official confirmation.
Saudi Aramco increased flows through its East-West pipeline to over 80% capacity, boosting export volumes to wartime highs. This surge contributes to lower oil prices and increased Middle East exports
Saudi Aramco and Sonatrach increased October LPG official selling prices by 9% to 23% due to rising oil prices and demand, establishing new benchmarks for Asia-Pacific and Mediterranean regions.
Saudi Aramco considers discounts on Oman STS crude to offset record freight rates amid Strait of Hormuz disruptions. The move aims to regain market share as Asian refiners face soaring shipping costs.
Saudi Aramco has resumed oil exports through its repaired East-West pipeline following recent drone strikes. The restoration aims to stabilize supply amid geopolitical tensions and oil prices exceedin
Saudi Aramco hired Evercore to advise on restructuring a standalone gas division, potentially leading to a $100 billion listing and expanding its LNG portfolio.
Saudi Aramco hired Evercore to advise on a standalone gas division, potentially worth over $100 billion. The restructuring targets unlocking value via the Jafurah project and freeing crude exports by
Saudi Aramco plans to reorganize its business to create a new gas division, potentially listing units in the future to raise capital. This move aligns with Gulf state oil companies' strategy to offer
Turkish military pension fund OYAK is negotiating a strategic partnership with Saudi Aramco for its fuel distributor Guzel Enerji, aiming to expand into production and refining by 2030.
Saudi Arabia restarted its East-West Pipeline and may resume exports from Yanbu following drone attacks. Sources report low-rate pumping has resumed, though Saudi Aramco has not yet officially comment
US battery startup EnerVenue commenced mass production at its new Changzhou facility, bypassing a planned Kentucky plant due to superior supply chain depth and lower costs. Backed by investors includi
Saudi Aramco has informally assured Asian refiners they can resume oil pick-ups from Yanbu following East-West pipeline attacks, while European buyers face allocation cuts.
Oil prices gained ground as markets anticipated US-Iran diplomatic talks, amid ongoing Middle East tensions affecting Saudi Aramco exports and Libyan production levels.
Saudi Aramco loaded 14 million barrels of crude oil on seven VLCCs via Gulf terminals after an attack disrupted shipments through its East-West pipeline to the Red Sea.
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
Turkey signals technical military support for Saudi Arabia against Houthi attacks under the Mecca Defense Alliance. The conflict threatens energy flows, with Saudi Aramco suspending crude oil supplies
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