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Saudi Arabia in talks to sell 1% of oil giant Aramco to global energy firm, report says
An unnamed energy firm from a "huge" country is in talks about buying a stake in Saudi Arabia's Aramco oil company, according to a report. Crown Prince Mohammed bin Salman. ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images Saudi.....»»
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets......»»
Saudi Arabia Confirms New "Iran-Backed" Drone Attack On Aramco Facility
Saudi Arabia Confirms New "Iran-Backed" Drone Attack On Aramco Facility.....»»
Oil prices slump after Saudi Arabia deepens output cuts
Oil prices slid after Saudi Arabia announced the state-owned Aramco would reduce production by an additional 1 million barrels per day......»»
Oil prices trim losses after Saudi Arabia deepens output cuts
Oil prices trimmed their losses after Saudi Arabia announced the state-owned Aramco would reduce production by an additional 1 million barrels per day......»»
Pandemic could trigger urban flight
The lasting fallout of the urban flight, triggering further income inequality and budget shortfalls, according to city business leaders. “What oil is to Saudi Arabia our workforce is to New York,â€... To view the full story, click the title link......»»
Aramco Cuts CapEx By $10 Billion As Profits Plunge
Aramco Cuts CapEx By $10 Billion As Profits Plunge In the aftermath of Saudi Arabia's declaration of an oil price war last weekend, which sent the price of crude tumbling about 30% overnight,.....»»
Saudi Aramco"s 2019 profit down 21%, cuts spending
Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes......»»
Factbox: Aramco 2019 profit drops, a week after shares fell below IPO
Saudi Arabia's state-run oil giant Saudi Aramco announced a drop in its 2019 profit of nearly 21% on Sunday, falling well below analysts' expectations just three months after selling shares to the public in a record-setting IPO......»»
Saudi Arabia has asked Aramco to boost oil capacity: CEO
Saudi Arabia's energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in a statement on Wednesday......»»
Saudi Arabia boosts output amid oil war with Russia
State-run Saudi Aramco said Tuesday it will increase April production to 12.3 million barrels per day, or 300,000 more than the oil giant’s maximum sustained capacity......»»
Saudi Aramco shares dive, Gulf debt markets hit as oil drops
Saudi Aramco shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia and Russia said they would raise oil production in a battle for market share, sending crude prices down by a third......»»
Saudi Aramco shares dive, Gulf debt hit as oil price plunges
Saudi Aramco shares fell by as much as 10% on Monday, extending a dive below the initial public offering price, after Saudi Arabia cut its official selling prices for crude and global oil markets plunged in response to news of a big output increase......»»
Saudi Aramco drops 10% after kingdom triggers oil price fall
Saudi Aramco shares fell 10% on Monday after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices......»»
Oil Drops More Than 26%, Aramco Drops To The Lowest Price As Saudi Arabia, Russia Engage In Price War
Crude oil futures on Sunday dropped by the most percentage points since the gulf war of 1991, as Saudi Arabia and Russia engaged in a price war. read more.....»»
Houthi Missiles Target Aramco Facility Just After Pompeo Arrives In Saudi Arabia
Houthi Missiles Target Aramco Facility Just After Pompeo Arrives In Saudi Arabia Saudi Arabia's air defense Patriot missile systems were active at.....»»
A New York Times reporter who covers Saudi Arabia was targeted by the same spyware used to hack Jeff Bezos, according to a new report
Andrew Burton/Getty A New York Times reporter who covers Saudi Arabia said he received an Arabic text message with a link to a suspicious website. .....»»
Aramco IPO proceeds to fund Saudi industry, including defense: finance minister
Saudi Arabia will pump the proceeds from last month's listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday......»»
BofA gives Saudi Aramco "neutral" rating, 36 riyal price target
BofA Global Research started its coverage of Saudi Arabia's state oil giant Saudi Aramco with a 'neutral' rating on Wednesday, setting a price target of 36 riyals ($9.60) per share and saying its fundamentals were now "fully priced"......»»
Aramco CEO says Saudi-Kuwaiti accord paves way for resumption of oil production
Saudi Aramco said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in a zone shared between the two countries......»»