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 […]
Saudi Arabia increased next month’s oil prices for its biggest market of Asia amid signs that underlying demand remains robust despite growing recessionary concerns. State producer Saudi Aramco raised its key Arab Light crude grade for Asian […]
Saudi Aramco’s plan to invest in 12,000MW of renewable energy by 2030 entails investing in the kingdom’s national renewable energy programme as well as through affiliate investments in renewables and purchase of renewable energy certificates. […]
Ahead of potential IPO plans for its trading arm, Saudi Aramco is eyeing a merger between Aramco Trading Co and Motiva Trading, Reuters reported Thursday. Citing two unnamed sources “familiar with the matter”, Reuters reported that the […]
Saudi Aramco raised all of its official selling prices across Asia, Europe and the Mediterranean for July-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest increases of between $1.80/b and $2.75/b, […]
Saudi Arabia’s oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. The value of crude exports, now almost $1 billion […]
The smallest oil producer in the Persian Gulf is turning to natural gas imports to meet rising energy demand as production from its own deposits slips. Bahrain plans to import at least five or six […]
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