The Latest Breaking News from Saudi Aramco

Saudi Aramco's First-quarter Profits Surge 80%

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year. The state-backed company’s first-quarter earnings show a record net income of $39.5 billion, up from $21.7 billion during the same period last year. Already, resurgent economic activity and the relaxation…

Asharq Al-Awsat · May 15, 2022

Saudi Aramco, Thailand’s PTT Sign MoU to Deepen Energy Cooperation

Saudi Aramco and Thailand’s PTT have signed a memorandum of understanding (MoU) to deepen energy cooperation in Thailand. The MoU targets the supply and trading of crude oil, petrochemicals, and liquified natural gas (LNG). It focuses on clean energy, carbon capture, and electric vehicles, and outlined potential collaboration across both…

Asharq Al-Awsat · May 13, 2022

The Guardian view on carbon bombs: governments must say no

Editorial: Oil companies and petrostates are investing heavily in fossil fuels, in defiance of global targets. They must be stopped

The Guardian - UK · May 12, 2022

Saudi Aramco Raises Asia Official Selling Price

Saudi Aramco raised its May official selling price (OSP) to Asia for its flagship Arab Light crude to $9.35 a barrel above Oman/Dubai crude, its highest premium ever. Oil jumped more than 3 percent on Monday to $108 a barrel as the release of strategic reserves by consuming nations failed…

Asharq Al-Awsat · Apr 5, 2022

US Imposes Sanctions on Key Actors in Iran’s Ballistic Missile Program

The United States on Wednesday imposed sanctions on an Iran-based man and his network of companies it accused of helping Tehran obtain materials for its ballistic missile program, acting after missile attacks by suspected Iranian-backed proxies on countries in the region. In a statement issued as talks on reviving the…

Asharq Al-Awsat · Mar 30, 2022

Konkan locals protest against proposed mega oil refinery project

Work on the stalled RRPCL project is set to resume at a new location in Ratnagiri

The Hindu · Mar 30, 2022

Arab Coalition: Act of Aggression Targets Aramco’s Bulk Plant in Jeddah

The Saudi-led Arab coalition said Friday that Saudi Aramco’s Bulk Plant in Jeddah was the target of an attack. Official Spokesperson of the Coalition to Restore Legitimacy in Yemen Brigadier General Turki Al-Malki said: "At 17:25, Saudi Aramco’s Bulk Plant in Jeddah was targeted with an act of aggression, the…

Asharq Al-Awsat · Mar 25, 2022

Saudi Aramco’s Jeddah oil depot hit by Houthi attack

Saudi Arabia announces ‘military operation’ in Yemen following series of drone and rocket attacks on the kingdom.

Al Jazeera · Mar 25, 2022

Saudi Aramco Jeddah storage facility hit by attack - source

A Saudi Aramco storage facility has been hit by an attack in Jeddah, a source told Reuters.

Reuters · Mar 25, 2022

Inflation pressures hit consumer confidence; Moscow stock market falls back – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Mar 25, 2022