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The Latest Breaking News from Aramco

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

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

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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

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‘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

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.

Fortune

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 Guardian - 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

The Independent UK

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

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

Zenger

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.

Fortune

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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

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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

Motorsport

Aston Martin partners with Valvoline, runs one-off British GP F1 livery

Aramco subsidiary Valvoline Global has signed on to become the Silverstone outfit's long-term official lubricant partner.

Autosport

Aston Martin F1 team partners with Valvoline, runs one-off British GP livery

Aramco subsidiary Valvoline Global has signed on to become the Silverstone outfit's long-term official lubricant partner.

Golf Monthly

'The Aramco Events Almost Have A Semi-Major Feel To Them' - Leona Maguire

World No. 10 Leona Maguire is relishing the prospect of a second outing in the Aramco Team Series in London

StockNews.com

Why Are Investors Buying These 3 Energy Stocks?

The energy sector’s outlook looks bright as high oil demand primarily from China and constrained supplies as Saudi announced further output cuts could drive oil and gas prices higher this year. So, let’s find out why Energy Transfer (ET), Cheniere Energy (LNG), and Weatherford (WFRD) are attracting significant investors’ attention…

Radio France Internationale

France's TotalEnergies, Saudi Aramco sign contracts for $11 billion petrocomplex

Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

Daily Mirror

Who is Yasir Al-Rumayyan? Saudi's king of golf, Newcastle chairman and Uber investment

The 53-year-old, who has ascended to the role of crown prince Mohammed Bin Salman's number one lieutenant, is becoming one of the most important executive figures in all of sport and his investment portfolio looks set to expand

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