Saudi Aramco

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.

India, which ranks as the world's third-largest oil consumer, aims to establish itself as a global refining centre as Western corporations reduce their crude processing capabilities

The world's biggest corporations have caused USD 28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have been. A Dartmouth College research team came up with the estimated pollution caused by 111 companies, with more than half of the total dollar figure coming from 10 fossil fuel providers: Saudi Aramco, Gazprom, Chevron, ExxonMobil, BP, Shell, National Iranian Oil Co., Pemex, Coal India and the British Coal Corporation. For comparison, USD 28 trillion is a shade less than the sum of all goods and services produced in the United States last year. At the top of the list, Saudi Aramco and Gazprom have each caused a bit more than USD 2 trillion in heat damage over the decades, the team calculated in a study published in Wednesday's journal Nature. The researchers figured that every 1 per cent of greenhouse gas put into the atmosphere since 1990 has cau

Aramco is specifically targeting BPCL's refinery in Andhra Pradesh and ONGC's refinery in Gujarat, said a Reuters report.

Aramco is in separate talks to invest in Bharat Petroleum Corp's (BPCL) planned refinery in the southern state of Andhra Pradesh and a proposed Oil and Natural Gas Corp (ONGC) refinery

Cognite makes software that allows companies to improve the operations and safety of industrial installations, such as oil and gas platforms

Aramco has a market value of $1.74 trillion, making it the world's sixth-most valuable company behind Apple, Microsoft, NVIDIA, Amazon and Alphabet, which owns Google

State-backed Aramco has already been investing in AI through units such as Aramco Digital, with a focus on its main energy business

Oil demand this year will approach 106 million barrels per day after averaging about 104.6 million barrels per day in 2024, he said

The capacity in the Kingdom of Saudi Arabia will be estabilised at the ongoing Aramco IKTVA Forum & Exhibition 2025. The production capacity of this plant will be 350,000 MT/Annum

The world's top oil exporter Saudi Aramco announced its first crude oil price hike in three months