In 2023, Aramco reported a net income of $121.3 billion, a decrease from $161.1 billion in 2022, marking the company’s second-highest net income to date. The year-on-year decline is attributable...... continue reading
On an earnings call, Nasser added that the global oil market is expected to remain healthy for the rest of the year and increase by roughly 1.5 million barrels, according...... continue reading
Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. ...... continue reading
Saudi Aramco, a global leader in energy and chemicals, Saturday announced the inauguration of "Aramco Marina," its first marine fueling station in the Kingdom, situated at the Jeddah Yacht Club...... continue reading
ENOWA, Extreme E’s official Green Hydrogen Partner, continued to showcase its green hydrogen offering at the Desert X Prix hosted in Jeddah, Saudi Arabia (17-18 February) which was the launch...... continue reading
The 8% stake transfer will cut the government’s direct ownership in the world’s largest oil company to 82%, the Saudi Press Agency said. The move will have no impact on...... continue reading
The Al-Durra gas field, or Arash field as Tehran prefers to call it, is located in the Arabian Gulf and has been a source of ongoing geopolitical tensions between Iran,...... continue reading
Gulf oil giants Saudi Aramco (2222.SE), opens new tab and Abu Dhabi National Oil Company (ADNOC) (ADNOC.UL) are in talks to invest in U.S. liquefied natural gas projects, as they...... continue reading
Saudi Arabia raised the official selling prices of its crude for Asian buyers following the extension of the OPEC+ production cut agreement until the end of the first half of...... continue reading
The two energy giants are trying to exploit their fossil fuel resources while they can and with demand for the chilled fuel expected to grow by 50% by 2030, they...... continue reading
