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 […]
Saudi Crown Prince Mohammed bin Salman said Thursday the kingdom will sell more shares of energy giant Aramco in the coming years, following the world’s biggest public listing in 2019. “There will be Aramco share […]
Saudi Aramco is using new and developing technologies to accelerate its energy transition plans and to decrease carbon emissions. “Our reliability for 2020 is 99.8 percent, one of the highest in the world in terms […]
Energy News Beat Publishers Note: An excellent article by Irina Slav for Oil Price. With the major oil companies getting out of oil and gas, Saudi Aramco has stated that they will be producing oil […]
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