#Saudi Aramco
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
Saudi Aramco said it is lowering the official selling prices for refiners in Asia, which buy about 70 per cent of the kingdom’s crude
Captured carbon dioxide will be transported through pipelines to be stored below ground in a saline aquifer sink
The deal by Aramco Digital would be its first major transaction in the telecommunications industry
The world’s top oil exporter raised $6bn from a three-tranche bond sale in July, ending a three-year debt market hiatus
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
The offshore EPC contract will help boost production at the North Field offshore natural gas field, which lies off the northeastern coast of Qatar
The funds have been allocated for a wide range of initiatives, from essential research to applied technologies
Amin Nasser said he expects global oil demand of 104.7 million bpd in 2024
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor
Demand for the three tranches topped $31.5bn, drawing over $11bn for each of the 10- and 30-year tranches and more than $9.5bn for the 40-year bonds
Saudi exports to China had tumbled in June, to 1.12 million barrels per day, the lowest since March 2020
Adelaide-based Santos is among Australia’s top three producers of liquified natural gas
Saudi Energy Minister Prince Abdulaziz bin Salman confirmed the discovery by state oil firm Saudi Aramco
The development of the Jafurah field is expected to cost $100bn and boost the state energy firm’s gas production by more than 60 per cent by 2030
Through the ETF, investors in China will be able to trade Saudi stocks including Saudi Aramco and Saudi National Bank
July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, say reports
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
The oil major reported a 14 per cent decline in first-quarter net income to $27.3bn in the three months to March 31
The four-year deal will see Aramco become a worldwide partner of FIFA, including in major tournaments such as the World Cup 2026
The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets
The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region
Amin Nasser, CEO of Saudi Aramco, has made the remarks at the 2024 CERAWeek being hosted in Houston, Texas this week
The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals
Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure’s Port Arthur LNG project in Texas
The deal, which was first announced last September, represents the company’s first downstream retail investment in South America