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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Demand, which fell by 20mn b/d in April 2020, is “improving, we have seen [in] China, east Asia strong demand there. If I look at India, it is also picking up, it is almost as pre-Covid” […]
Saudi Aramco has asked banks to extend by a year a US$10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil […]
Apollo Global Management Inc. and Global Infrastructure Partners are among suitors that bid for a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. Canada’s Brookfield Asset Management Inc., […]
Saudi Arabia kept oil pricing for its main market of Asia unchanged in March, after a key OPEC+ committee expressed confidence that the oil market is re-balancing. State oil producer Saudi Aramco raised prices for […]
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