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The Latest Breaking News from Aramco

Saudi Says 8% Aramco Stake Transferred To PIF Wealth Fund Portfolio

Saudi Arabia on Thursday said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media.

International Business Times

Saudi Arabia Transfers 8% Of Aramco To PIF Portfolio

Saudi Arabia transfers 8% of Saudi Aramco to PIF, signaling economic diversification and growth strategy.

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Saudi Arabia surprises oil markets by ditching plan to increase production

Blow to Joe Biden, who had hoped to benefit from lower pump prices in an election year

The Guardian - UK

Saudi Aramco Halts Plan To Raise Production Capacity: Statement

Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.

International Business Times

Why did the LPGA-LET merger vote not happen? The answer is Golf Saudi

Golf's future still holds more questions than answers.

USA Today Sports Media Group

Lowerhouse’s remarkable hall of fame adds to historic cricket club charms

Top-class overseas professionals rushed to gain rich experience at still-thriving club before the year-long nature of modern cricket

The Guardian - UK

Asian Markets Enjoy Healthy Bounce After Wall St Rally

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with traders tracking a rally on Wall Street fuelled by bargain-buying and a surge into sold-off tech giants.

International Business Times

Can You Predict The Winners Of The 2024 Dakar Rally? Join This Contest

Race to Win By Aramco is a new contest being rolled out by the organizers of the 2024 Dakar Rally. Prizes include an all-expenses paid trip to Dakar 2025, signed merch, and more.

RideApart

Biggest Women's Golf Stories 2023

From record-breakers to rule-breakers and the shining stars of the year, these are the stories that 2023 holds

Golf Monthly

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Motorsport

New AlphaTauri name still under wraps as FIA publishes 2024 F1 entry list

Usually, the publication of the list is the first official chance to see any new names, but sometimes teams agree with the FIA to wait due to the requirements of sponsors.

The Independent UK

Saudi registrants for COP28 included undeclared oil company employees, nonprofit says

At least 15 people who registered for Saudi Arabia’s delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit

International Business Times

50 Oil And Gas Companies Pledge To Cut Operational Emissions

Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.

Fortune

Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?

With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.

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Golf Monthly

Why The Proposed LPGA/LET Merger Is Surely A No-Brainer

Ahead of a vote to merge the leading women's golf tours, we believe approval is the best possible outcome

Radio France Internationale

Oil, gas giants could pay climate damage and still profit: report

Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday.

France 24

McKinsey & Company pushes fossil fuel interests as advisor to UN climate talks, whistleblowers say

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources…

Barchart

Tight Global Supplies Boost Crude Prices

November WTI crude oil (CLX23 ) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23 ) closed down -5.62 (-2.19%). Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low. A rally in the dollar index today to a 6-1/2...

Barchart

Crude Prices Underpinned by Tight Global Supplies

November WTI crude oil (CLX23 ) this morning is up +0.81 (+0.90%), and Nov RBOB gasoline (RBX23 ) is down -1.29 (-0.50%). Nov WTI crude oil and gasoline prices this morning are mixed. A rally in the dollar index today to a 6-1/2 month high is bearish for energy prices....

Barchart

Crude Gives Up Early Gains as Stocks Tumble

November WTI crude oil (CLX23 ) on Thursday closed down -0.03 (-0.03%), and Nov RBOB gasoline (RBX23 ) closed down -0.26 (-0.10%). Nov WTI crude oil and gasoline prices on Thursday whipsawed throughout the day and finally settled with modest losses. An early rally in the dollar index (DXY00 )...

Barchart

Crude Gains After Russia Bans Gasoline and Diesel Exports

November WTI crude oil (CLX23 ) this morning is up +0.83 (+0.93%), and Nov RBOB gasoline (RBX23 ) is up +1.96 (+0.76%). Nov WTI crude oil and gasoline prices this morning shook off early losses and are moderately higher after Russia banned gasoline and diesel exports, further tightening global fuel...

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