(Bloomberg) — Saudi Arabia told OPEC that it raised its crude production to just over 11 million barrels a day last month, exceeding the symbolic level for the first time in two years as the […]
Underinvestment in oil and natural gas supply could threaten global energy security and decarbonization efforts over the coming years, according to the CEO of Saudi Arabia’s state-owned oil behemoth. Saudi Arabian Oil Co. (Aramco) CEO […]
[Scene: Suburbia. A harried wife returning home from work. Angry slamming of a front door.] “I’m home! Where are you? What the hell is going on? Why is the garage full of cash? I can’t […]
Saudi Aramco, one of the world’s biggest oil producers, is yet another oil giant to see its profits soar this year due to high energy prices. The company announced on Sunday that its net income had jumped […]
DUBAI, United Arab Emirates — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The […]
Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050. […]
Saudi Aramco, the world’s largest oil-exporting company, acquired US lubricants manufacturer Valvoline Aug. 1 as it looks to achieve greater market share in the downstream and allied distribution businesses. Valvoline was acquired for $2.65 billion, […]
August 2022 will see many grades reach their highest-ever market differential. Gulf producers balance tight supply and signals of demand destruction as they set prices for August. The arrival of Russian Urals into India and […]
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a tight—and tightening—market. At the same time, the U.S. government, as […]
Bears and bulls are butting heads over the current state of the oil market. There’s a growing disconnect between the physical market for crude and oil futures. The ongoing disconnect between physical crude and futures […]
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