Saudi Arabia Raised June Crude Oil Exports To Five-Month High
Saudi Arabia’s crude oil exports hit a five-month high in June at nearly 6 million barrels per day (bpd) as the world’s top oil exporter, and the entire OPEC+ group Continue Reading
SAUDI DATA: Crude exports for second month in June as output cuts unwind
Highlights Direct crude burn at nine-month high Refined product exports highest since May 2020 Kingdom unwinding extra output cuts Saudi Arabia’s exports of crude oil in June rose to a Continue Reading
Aramco Is Quietly Shedding Some Of Its Gas Pipeline Assets
Saudi Aramco is looking to raise at least $17bn from the sale of a significant minority stake in its gas pipelines, sources told Reuters today. A sale that large for Continue Reading
Aramco Is in Advanced Talks on Up to $25 Billion Reliance Deal
Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd. ’s oil refining and chemicals business, people with knowledge of the matter Continue Reading
Saudi Arabia’s Oil Industry Is Staging An Impressive Comeback
Aramco sees profits up nearly 300 percent as Sadia Arabia experiences a dramatic rebound from last year’s pandemic-hit oil demand. Thanks to prices that have increased by 30 percent since the Continue Reading
Saudi Aramco scouting for more deals to offer to investors
Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a Continue Reading
Saudi oil giant Aramco sees profits soar by almost 300%
Reuters Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers. The company added that the easing Continue Reading
Saudi Aramco To Raise Oil Output Capacity by 550,000 Bpd By 2025
Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned Continue Reading
BofA: Saudi Aramco’s $75B Dividend Isn’t Enough
Saudi Aramco will have to raise its already massive annual dividend of $75 billion if it wants to remain competitive with other oil giants and raise its dividend yield to Continue Reading
Saudi crown prince Mohammed strips religious leaders of powers
In May, the Saudi government barred the use of loudspeakers to amplify prayers and sermons at mosques and ordered that the volume of the traditional call to prayer, which has Continue Reading