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The Latest Breaking News from Aramco

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.

Radio France Internationale

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…

France 24

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

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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...

Barchart

Crude Gives up Early Gains on a Hawkish Fed

October WTI crude oil (CLV23 ) on Wednesday closed down -0.92 (-1.01%), and Oct RBOB gasoline (RBV23 ) closed down -3.89 (-1.46%). Oct WTI crude oil and gasoline prices Wednesday gave up early gains and posted moderate losses after the Federal Reserve raised its estimate for interest rates next year,...

Barchart

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Crude Prices Gain on a Bullish Weekly EIA Report

October WTI crude oil (CLV23 ) this morning is up +0.23 (+0.25%), and Oct RBOB gasoline (RBV23 ) is down -1.15 (-0.43%). Oct WTI crude oil prices this morning are mixed, with gasoline falling to a 1-week low. A weaker dollar today is supportive of energy prices. Also, crude prices...

Barchart

Crude Prices Post 10-1/2 Month High on Tight Supply Outlook But Then Fall Back

October WTI crude oil (CLV23 ) on Tuesday closed -0.28 (-0.31%), and Oct RBOB gasoline (RBV23 ) closed -3.98 (-1.48%). Oct WTI crude oil prices on Tuesday climbed to a new 10-1/2 month high on the nearest-futures chart, extending the rally seen in the past three months driven by expectations...

Barchart

Crude Prices Post 10-1/2 Month High on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.45 (+1.59%), and Oct RBOB gasoline (RBV23 ) is down -0.0130 (-0.48%). Oct WTI crude oil prices today climbed to a new 10-1/2 month high on the nearest-futures chart, extending the rally seen in the past three months driven by expectations...

Barchart

Stellantis Believes Combustion Engine Cars Will Be In Use Through 2050

The company still plans to be all electric in the next decade, but combustion cars sold today will live well into the future.

Motor1

Next generation Formula 2 car revealed at Monza

F2 series organisers say the new car, which will be raced in the 2024, 2025 and 2026 seasons, is as close to an F1 car as possible in terms of safety and accessibility.

Autosport

Energize Your Portfolio With These 3 Top Oil Stock Picks

With global energy demand rising and supply cuts from some of the world’s largest oil producers, the energy sector’s prospects are heating up. Therefore, three robust oil stocks, Cheniere Energy (LNG), Weatherford International (WFRD), and CVR Energy (CVI) could be wise additions to your portfolio now. Read more….

StockNews.com

‘It’s not a fad’: the truth behind Saudi Arabia’s dizzying investment in sport

From the star-studded Pro League to golf, F1 and cricket, the kingdom’s strategy is as cynically ambitious as it is controversial

The Guardian - UK

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Fortune

The world’s third-biggest company just saw its profits plummet 38%—but it still paid shareholders $19.5 billion in dividends

The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.

The Guardian - UK

Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

Decline in crude oil prices and less refining income trims revenues inflated in 2022 by Russian invasion of Ukraine

The Independent UK

Saudi Arabian oil giant Aramco reports $30B in Q2 profits, down nearly 40% from last year

Saudi Arabia’s state-run oil giant Aramco made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous year

Zenger

BlackRock Called Out For ‘ESG Facade’ After Naming Saudi Aramco Chief To Board

The move raised several eyebrows across corporate and social media circles.

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Fortune

Fortune’s Global 500 is proof that even the biggest companies can be dethroned

Technological upheaval is a constant threat to corporate giants like No. 1 Walmart, No. 2 Saudi Aramco, and Google parent Alphabet.

Fortune

Saudi Arabia has the most profitable company in the history of the world, and $3.2 trillion to invest by 2030. Who will say no to that tidal wave of cash?

With its vast supply of oil money, the kingdom's flashy play for golf dominance is just the tip of the iceberg.

StockNews.com

3 Quality Energy Stock Buys Investors Are Pursuing

With fossil fuels likely to find continued usage in the foreseeable future, quality energy stocks HF Sinclair (DINO), Weatherford International (WFRD), and CVR Energy (CVI) are justifiably popular on Wall Street. Read on….

StockNews.com

3 Energy Stocks with Massive Growth Opportunities

With a resurgent global energy demand amid increased summer travel and constrained supplies, fundamentally strong energy stocks Weatherford International (WFRD), North European Oil Royalty Trust (NRT), and Euronav (EURN) could generate solid returns given their impressive growth prospects. Read on….

StockNews.com

3 Hot Energy Stocks to Buy Mid-July

Escalating oil demand, combined with constrained supplies, could keep the energy industry buoyed in the near future. Therefore, energy stocks HF Sinclair Corporation (DINO), ARC Resources Ltd. (AETUF), and Weatherford International (WFRD), with impressive fundamentals, could be solid buys now. Read on.

Golf Monthly

Nelly Korda Reveals Next Target After Claiming Aramco Team Series London

Korda lifted the title at Centurion Club, as she led from start to finish to claim her first title in the UK

Golf Monthly

'We Have A Long Way To Go' - Bronte Law Says TV Not 'Doing Enough' To Showcase Women's Golf

The English star offers her thoughts on the state of the women's game ahead of the Aramco Team Series London

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