Saudi Aramco

Saudi Aramco cut November crude prices for Asian buyers to their lowest levels in six years, as record freight costs and regional disruptions reshape oil flows

The damage is being ascertained, the Financial Times reported

The system integrates Emerson’s Aspen Hybrid Models into Saudi Aramco’s refinery planning framework

Aramco could export four to six 500,000-barrel cargoes of Jafurah condensate per month from the country’s eastern port of Yanbu

The government owns nearly 81.5 per cent of Aramco directly, while the sovereign wealth fund PIF controls another 16 per cent.

PIF and Aramco will combine their artificial intelligence (AI) programmes and work jointly through HUMAIN

Aramco will receive upfront proceeds of $11bn on completion, highlighting the value creation potential of its ongoing capital investment programme

Aramco lowered the April official selling price (OSP) for flagship Arab Light crude by 40 cents to $3.50 a barrel

Aramco’s chief executive Amin Nasser said that oil demand in 2025 will approach 106 million barrels per day (bpd) after averaging about 104.6 million bpd last year