Saudi Aramco

The Houthis said two drones hit the Saudi Aramco refinery in Jazan, days after an earlier attack set a crude storage tank ablaze.

Yemen's Houthis said they attacked an oil facility Sunday in southwestern Saudi Arabia, the latest attack by the Iranian-backed rebels on the kingdom. Meanwhile, Iran has made new demands about the restart of negotiations and the reopening of the Strait of Hormuz, and the Pentagon is pressing the US defence industry to accelerate production of weapons. Here's a look at developments across the Middle East on Sunday. Full coverage can be found here. Houthis target Aramco refinery ---------------------------------- Yahya Saree, a military spokesperson for the Houthis, said they targeted an Aramco refinery in the city of Jazan with a drone. The attack was in response to Saudi drones' breaching Yemen's airspace over the provinces of Hajjah and Saada, he said. Early on Sunday, the Saudi Energy Ministry reported a fire at a facility belonging to the Aramco refinery without casualties. The ministry said the fire was extinguished but it didn't describe its cause. Sunday's Houthi attack i

The Saudi energy major posted robust quarterly earnings as higher prices offset conflict-related disruptions, while flagging continued risks to refining, shipping and global energy security

Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal in the Gulf after they were halted for nearly four months

In the past one month, the stock price of Apar Industries soared 34 per cent, as compared to 1 per cent rise in the BSE Sensex.

Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter, according to a stock exchange filing

Global energy supplies have been sharply squeezed by Iran's blockade of the Strait of Hormuz, which has curtailed shipping and driven prices higher following the US-Israeli war

Output from Saudi Aramco's offshore Manifa oil production facility was also restored, the energy ministry said Sunday, though work continues at the Khurais onshore complex

State oil producer Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia

Saudis have a 5 million barrel-a-day pipeline that runs across the country to the Red Sea, although export capacity at Yanbu may be smaller than that

Saudi Arabia is reducing output by as much as 2.5 million barrels a day, joining United Arab Emirates, Iraq and Kuwait in deepening cuts, Bloomberg reported on Tuesday

Several of Saudi Arabia's neighbours have also cut production as shipping in oil transit chokepoint, carrying roughly a fifth of global oil and liquefied natural gas flows, has ground to a near halt

Some of the oil was offered on a delivered basis from a supertanker, carrying 2 million barrels of crude, positioned near Taiwan, which was eventually purchased by a Japanese refiner

There was a 'limited' fire at the plant, caused by debris from the interception of two drones that were targeting the facility

The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August

BP's Castrol division could fetch $8-10 billion, drawing interest from Reliance, Aramco, and private equity firms in one of the year's biggest energy deals

LTIMindtree and Aramco Digital launch NextEra in Saudi Arabia to accelerate digital transformation, boost local IT services, and support Vision 2030 goals

The company has asked investment bankers to pitch ideas for how to raise funds from its assets

The agreements underscore Saudi Arabia's efforts to strengthen its energy partnerships and attract foreign investment as it looks to balance oil dominance

Saudi Arabia's state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year. Aramco, formally known as the Saudi Arabian Oil Co, had revenues of $108.1 billion over the quarter, the company reported in a filing on Riyadh's Tadawul stock exchange. The company saw $107.2 billion in revenues and profits of $27.2 billion the same quarter last year. Aramco's stock traded over $6 a share Thursday, down from a high of around $8 last year. It has dropped over the past year as oil prices have dipped, and in recent months, as the OPEC+ oil cartel announced restoring production more rapidly and as uncertainty driven by US tariffs has rippled through Middle Eastern markets. Benchmark Brent crude traded Friday at over $63 a barrel, down from highs of over $80 in the last year.