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Saudi Aramco News

Saudi Aramco is set to ship less crude oil to India, China amid raging Iran war

The disruption at the Strait of Hormuz prompted Saudi Aramco to reroute some crude supplies, which is a partial workaround at best. (Reuters)

Published 73 days ago

Iran hits Saudi Aramco's oil refinery, IRGC says ‘opened massive gates of fire'

The site is one of the world’s largest oil export hubs and plays a crucial role in global crude supply.

Updated 97 days ago

Saudi Aramco shuts down Ras Tanura refinery after drone strike

Updated 97 days ago

Saudi Aramco halts supply to India's Nayara Energy after EU sanctions Rosneft

Nayara Energy, which operates a refinery in Gujarat's Vadinar, is majority owned by Russia's Rosneft.

Updated 279 days ago

Saudi Aramco awards $25 billion in contracts for gas expansion

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.

Published 706 days ago

Saudi Aramco’s $12 billion share sale: Dividends attract foreign investors

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.

Published 731 days ago

Saudi Aramco says Q1 profit down 14.5 percent

Published 761 days ago

Saudi Aramco's profit drops to $121B in 2023 amid energy price decline

Updated 819 days ago

Saudi Aramco to buy 10% stake in China oil refinery for $3.6 billion

Published 1168 days ago

Saudi Aramco’s 2022 net profit jumps to 46% as oil demand rises

Published 1183 days ago

Saudi Aramco's Luberef expects to raise up to $1.32 bn from IPO

Saudi Aramco's record listing in late 2019, later boosted to total $29.4 billion in proceeds, was the world's largest IPO.

Published 1281 days ago

Saudi Aramco officer jailed in Uttarakhand for carrying satellite phone: Reports

Fergus MacLeod, head of investor relations at Saudi Aramco, was released after paying a fine of <span class='webrupee'>₹</span>1,000,

Updated 1320 days ago

Saudi Aramco unveils record $48.4 billion profit in Q2

The quarterly profits, the highest since Aramco's record-breaking IPO, beat a company-compiled analyst forecast of $46.2 billion.

Published 1393 days ago

Saudi Aramco becomes world’s most valuable stock as Apple drops

Saudi Aramco becomes world’s most valuable stock as Apple drops

Updated 1487 days ago

Saudi Aramco storage petroleum facility hit by Houthi attack, causing fire

Smoke billows from a fire at Saudi Aramco's petroleum storage facility after an attack in Jeddah, Saudi Arabia March 25, 2022.

Published 1534 days ago

Reliance’s $15 billion Aramco deal goes awry as priorities shift

Mukesh Ambani-led Reliance Industries has reportedly bought state bonds worth $270 million.

Published 1660 days ago

Saudi Aramco's third-quarter income rise to $30.4 billion amid oil price surge

Consumers and companies are using more gasoline and airplane fuel as governments relax restrictions, leading to a rally across energy markets. In picture - Saudi Aramco oil facility in Abqaiq, Saudi Arabia.

Published 1680 days ago

Reliance to hold 44th AGM today; deal with Aramco, 5G technology on the agenda

The meeting will be held virtually for a second consecutive time due to the ongoing coronavirus disease (Covid-19) pandemic.

Updated 1809 days ago

Saudi lowers oil prices for Asia as India faces second wave of Covid-19

Saudi Energy Minister Prince Abdulaziz bin Salman has urged fellow members of OPEC+ to be cautious as the group eases supply cuts started last year when the pandemic was hammering energy markets.

Published 1859 days ago

Saudi Aramco's profits rise by 30% in first quarter

Published 1860 days ago

Saudi oil giant Aramco reports 30% drop in payments to state

The state-controlled company’s public figures offer key insight into the financial health of the kingdom, which relies on the energy sector for 80% of its exports and two-thirds of its financial revenues. (Representative Image)

Published 1903 days ago

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

A view shows the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

Updated 1904 days ago

Missiles in Aramco attacks were made in Iran: Saudi Arabia

This month, Saudi Arabia intercepted a barrage of drones targeting its oil infrastructure.

Published 1905 days ago

Drone strike on Riyadh oil refinery claimed by Houthis sparks fire: Saudi Arabia

Saudi Arabia condemned the attack in strong terms, saying the assault targeted “the security and stability of the world’s energy supplies.”

Published 1906 days ago

Saudi Arabia to ship gas to South Korea and take carbon dioxide back

Flames are seen at the production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia.

Published 1922 days ago

Yamani, the Saudi oil minister who brought the West to its knees

Known for his elegant manner and trademark goatee beard, Yamani's 24-year tenure running the oil affairs of the world's biggest crude producer made him a global celebrity during the inflationary "oil shocks" of the 1970s.

Published 1930 days ago

Saudi Aramco seeks $7.5 billion loan for pipeline investors

Flames are seen at the production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia.

Published 1971 days ago

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