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HomeSaudi Aramco

Saudi Aramco

East-West Pipeline - Energy News Beat
International News

UAE’s Mubadala May Join $12 Billion Aramco Oil Pipelines Deal

April 11, 2021 Stu Turley

An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion. Mubadala Investment Co., a fund […]

Saudi Aramco lands multiple bids for 10 billion pipeline stake - energynewsbeat
Crude Oil News

Saudi $7 trillion investment goal puts spotlight on oil prices

April 9, 2021 Stu Turley

A multi-trillion dollar spending push designed to diversify the economy’s sources of income will require state companies to cut the dividends they pay the government to boost capital spending, Crown Prince Mohammed bin Salman has […]

Aramco Cuts April Oil Pricing to Mediterranean on OPEC+ Caution
Crude Oil News

India to buy 36 per cent less oil from Saudi Arabia

April 7, 2021 Stu Turley

The government has decided to reduce oil imports from Saudi Arabia by a whopping 36 per cent in May, news agency Reuters reported quoting sources. The decision comes even after the Kingdom supported the idea of boosting […]

Aramco - oil - energynewsbeat.com
Crude Oil News

Amid India’s bid to cut Saudi oil imports, Aramco raises oil price for Asia

April 5, 2021 Stu Turley

Saudi Arabia on Sunday raised the ‘official selling price’, or OSP, of oil shipments to Asia in May but left the price for Europe unchanged, indicating the world’s largest crude exporter is unimpressed by India’s plan […]

Saudi crude keeps flowing to Red Sea as East-West Pipeline repairs continue - Energy News Beat
Commodities

Reliance-Aramco deal likely if crude oil averages USD 65 per barrel

March 26, 2021 Stu Turley

A fall in crude oil price and Aramco’s USD 75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd‘s oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August […]

carbon capture -blue hydrogen
Hydrogen

Aramco seeks Chinese partnership for carbon capture and hydrogen goals

March 22, 2021 Stu Turley

Saudi Aramco plans to “expand and intensify” cooperation with China on research in areas including hydrogen and ammonia production from natural gas, according to Chief Executive Officer Amin Nasser. The oil major is also sizing […]

China Oil - Saudi Aramco
Crude Oil News

Saudi Aramco to prioritize energy supply to China for half a century

March 21, 2021 Stu Turley

Saudi Aramco  will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development […]

Saudi Aramco leverages technology to boost sustainability - Energy News Beat
Crude Oil News

Aramco’s $75 Billion Dividend Survives Oil and Earnings Rout

March 21, 2021 Stu Turley

World’s biggest oil company saw net income fall 44% last year CEO Nasser is ‘very optimistic’ on oil demand growing in 2021   Saudi Aramco’s $75 billion dividend survived one of the biggest disruptions to oil […]

Aramco Cuts April Oil Pricing to Mediterranean on OPEC+ Caution
Crude Oil News

Aramco Cuts April Oil Pricing to Mediterranean on OPEC+ Caution

March 7, 2021 Stu Turley

Saudi Aramco cut pricing on crude for shipment to the Mediterranean region after OPEC + extended oil supply constraints and Saudi Arabia’s oil minister warned producers to remain cautious in the face of the ongoing coronavirus pandemic. The world’s […]

Saudis Raise Crude Prices - Energy News Beat
Crude Oil News

Saudis Raise Crude Prices to Asia, U.S. as OPEC+ Extends Cuts

March 7, 2021 Stu Turley

Saudi Arabia raised pricing for its crude for shipment to Asia and the U.S. next month after  OPEC + extended oil supply constraints, pointing to a tightening physical market. The world’s biggest crude exporter is boosting April pricing […]

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