Saudi Aramco

Majority state-owned oil company Saudi Aramco on Tuesday reported a 35 per cent increase in third-quarter net profit as earnings were boosted by higher oil prices and the sale of its stake in a Malaysian refining and petrochemical company. Net profit rose to USD 36.3 billion from USD 26.9 billion in the year-earlier quarter. Adjusted net profit, which leaves out the sale of a stake in PRefChem to Malaysian state oil company Petronas, rose 9 per cent to USD 31.2 billion. The company also benefitted from high profit margins at its refineries turning crude into useable products such as diesel fuel. Saudi Aramco sold its oil for an average of USD 95.20 a barrel during the quarter, compared to USD 70.10 in the year-before quarter, the company said in a news release. Oil prices surged after the outbreak of the Iran war due to disruption of supply and uncertainty about the course of the conflict. After the war began in February, Saudi Aramco was able to use its East-West pipeline to the R

Aramco CEO Amin Nasser said Saudi Arabia's Energy Ministry is discussing access to government-held oil storage abroad as Houthi attacks on key infrastructure raise concerns over supply disruptions

The strike on an office complex in Dhahran caused a limited fire and no injuries, according to Saudi Arabia's energy ministry

Aramco CEO Amin Nasser warned that global oil stocks are 'scarily thin' and said rebuilding inventories after the crisis could take up to two years

The East-West pipeline was shut after drone attacks, disrupting a key Saudi supply route as crude flows from the Gulf region remain under pressure

Chinese ​and South Korean refiners are among the top buyers of the spot supplies, while some volumes will be ‌going to India and ​Japan

The joint venture, Sadara Chemical Co, operates a complex in the Saudi city of Jubail ​with annual production capacity ‌of over 3 million metric tons of ​chemicals and plastics.

Houthis have claimed that they carried out two drone attacks on Saudi Arabia, targeting area near the Narjan airport and an Aramco facility

In a rare ​move, Aramco is in ​talks with buyers to supply Arab Medium and Arab Heavy crude ​via ship-to-ship (STS) transfers off Fujairah in the UAE, the sources said.

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