News

Saudi Aramco posts revenue drop ahead of projected demand hike in second half

Aramco has increasingly tapped debt markets, with two issuances totalling $9 billion in the second half of 2024 and a ...

Saudi Aramco profit drops as it flags cost cuts, divestments

By Yousef Saba and Luke Tyson DUBAI (Reuters) -Saudi Arabian oil company Aramco reported a 22% drop in second-quarter profit ...
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How Much Oil and Gas Did Aramco Produce in 2Q?

Saudi Aramco has revealed its latest production figures in its second quarter and half year results statement.
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Saudi Aramco’s Disappointing Earnings Are The Least Of Its Problems

Saudi Aramco saw its Q1 2023 net profit decline by 19% year-on-year. Many Western investors are concerned that Saudi Arabia uses Aramco as a cash–cow for non-hydrocarbon related projects.

Saudi crude oil price hike is at odds with regaining market share

OPEC+'s recent decision to fully unwind 2.2 million barrels per day of crude oil output cuts has largely been viewed as a ...

China’s Soft Saudi Oil Buying Implies Trade Rerouting, EA Says

Chinese refiners are asking for less oil from Saudi Arabia, with the drop possibly pointing to a reshuffle of global flows as ...
The New Arab2d

Saudi wealth fund loses $8 billion, but Vision 2030 megaprojects continuing

Saudi Arabia’s sovereign wealth fund has revealed a $8 billion hit on mega projects, but experts say Vision 2030 will ...

Saudi crude oil supply to China set to fall in September, sources say

Saudi Arabia's crude oil exports to China are set to fall in September, slipping from a more than two-year high in August ...