Its underlying EBITDA grew 4.7 per cent year-on-year to $171m in the first quarter of 2020
Saudi Arabia aims to pump just under 7.5 million barrels a day in June, compared with an official target of about 8.5 million a day
Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF
Prices for benchmark Brent crude have slumped 52 per cent this year, falling far below levels that most governments in the region need to balance their budgets
US crude stockpiles rose for a 15th week, although at a slower pace, while supplies at the Cushing storage hub expanded
The company’s first-quarter sales dropped 18 per cent to SAR30.83bn
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
While all sources of energy — oil, coal, natural gas, and even nuclear — will see a decline, renewable energy is likely to be the bright spot
Super 98 petrol will cost Dhs1.91 per litre, while Special 95 is priced at Dhs1.80 per litre
The 2GW Al Dhafra Solar PV project is slated for completion in the second quarter of 2022
Worldwide, sea temperatures were 1.49 degrees Fahrenheit above average in March which is the second highest level recorded since 1880 for the month of March, according to US data
The government is looking at additional spending cuts and may issue as much as an additional SAR100bn of debt on top of SAR120bn riyals already announced
The company is in talks with local banks about the potential deal that would be denominated in Saudi riyals
Futures in New York traded at around $1 a barrel after sinking to as low as minus $40.32 during Monday’s collapse
The glut in liquefied natural gas (LNG) has been exacerbated due to the pandemic and global oil price shocks
Futures in New York fell 16 per cent to around $15 a barrel after losing almost a fifth of their value last week
The figure marks the highest volume in a year
Global demand will drop by more than 9 million barrels a day in 2020, according to the IEA
The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel
Benchmark Brent has plunged by more than half since the start of the year
The coronavirus pandemic will press industries and investors to make sure corporate social responsibility is truly connected to delivering value
Following the acquisition, Tabreed’s presence in Dubai has increased to 278,801 RT while its total capacity has grown to 1,338,602 RT
ENOC Link trucks will be located in designated locations which will be determined by Dubai Municipality’s daily plans for the disinfection campaign
Benchmark Brent crude has plunged 48 per cent this year
While global policymakers take steps to shore up their economies from the fallout of Covid-19, the meltdown in oil demand and oversupply continue to pull crude prices lower
Crude futures in New York were lower on Wednesday, following a record decline in the first quarter
The global benchmark crude has already plunged to record lows, completing the worst quarter in history on Tuesday
Oil demand in the second quarter is expected to decline by 16.4 million barrels a day compared with the same period last year
Aramco could raise more than $10bn from the sale
All state-run companies will reduce their operational and administrative expenses in 2020 by 10 per cent