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Saudi Aramco
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DeItaone quoted Saudi Aramco CEO Amin Nasser as saying that the war in Iran has led to a reduction of 2.6 billion barrels in global crude oil supply, and traffic through the Strait of Hormuz has dropped to 10% of pre-war levels, with over 100 million barrels of supply lost weekly. Even if immediately reopened, it would take 18 months to rebuild inventories.
Saudi Aramco CEO Amin Nasser said any major refinery outage would further tighten energy markets, which are already operating with very limited refining capacity.
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Saudi Aramco Considers New Pricing for Asia-Bound Oil Amid Red Sea Disruptions
Saudi Aramco is considering implementing a new pricing system for crude oil destined for Asia, specifically for shipments originating from Egypt's Sidi Kerir. This move comes as Houthi attacks continu
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Saudi Aramco Considers New Oil Pricing for Asia Amid Houthi Threats in Red Sea
Saudi Aramco is preparing a new selling price for oil loaded at Egypt’s Mediterranean port of Sidi Kerir for delivery to Asia. This decision follows increased risks in the Red Sea due to attacks by Ir
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Saudi Arabia has slashed its crude oil prices by the largest margin in at least 26 years
Svmuu News: As a surge in global supply intensifies competition for buyers, Saudi Arabia has cut its official selling prices for its main crude grades to Asian customers in August by the largest margi
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Saudi Aramco chief Amin Nasser warns world’s oil stockpiles are ‘scarily thin’ due to Middle East conflict, adding that rebuilding inventories could take up to two years
Saudi Aramco chief Amin Nasser warns world’s oil stockpiles are ‘scarily thin’ due to Middle East conflict, adding that rebuilding inventories could take up to two years
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Another oil tanker has been attacked in the Middle East waters, and Iran reiterates its conditions for reopening the Strait of Hormuz.
The UK Maritime Trade Operations reported that at least two oil tankers were attacked in waters near Oman and Iran over the weekend. Iran reiterated on Sunday that the Strait of Hormuz would not reope
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Middle East Tensions Escalate: Houthis Attack Saudi Aramco Refinery, Saudi Arabia Plans Large-Scale Counteroffensive Along Bab al-Mandab Strait
Yemen's Houthi movement issued a statement on the evening of October 3 local time, claiming to have successfully struck Saudi Aramco targets in the Saudi capital, Riyadh, with ballistic missiles and d
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France dispatches troops to Saudi Arabia's Yanbu oil terminal; Saudi Arabia holds military talks with Pakistan and Turkey to counter Houthi attacks.
France confirmed on Friday that it had dispatched troops, radar, and defense systems to Saudi Arabia's main oil terminal in Yanbu to protect the facility from Houthi attacks. This follows the Houthis'
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Brent crude oil rose over 3% on Thursday, breaking above $106 per barrel, after Yemen's Houthi rebels claimed attacks on Saudi facilities.
Yemen's Houthi rebels claimed on Thursday to have launched missile and drone attacks against Saudi Arabia, targeting "sensitive sites" of Saudi Aramco in Riyadh and facilities in the Red Sea city of Y
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Yemen's Houthi rebels claim to have attacked Saudi Aramco facilities in Yanbu, Saudi Arabia.
Yemen's Houthi rebels claim to have attacked Saudi Aramco facilities in Yanbu, Saudi Arabia.
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Saudi Aramco CEO says any operational interruption can be fixed within days, exploring alternative oil export routes amid Iran war threats
Saudi Aramco President and CEO Amin Nasser stated that the state oil giant can restore disrupted operations within days. The company is also exploring new routes for oil exports, as it faces increasin
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Saudis Inform Asian Refiners They Can Soon Pick Up Oil From Yanbu Port
Several Asian refiners have been told informally by Saudi Aramco they will soon be able to pick up oil from the Red Sea port of Yanbu, according to traders familiar with the matter.
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Saudi Aramco loaded 14 million barrels of crude oil from Gulf terminals on Sunday, increasing exports through the Strait of Hormuz.
Shipping data shows Saudi Aramco loaded 14 million barrels of crude oil onto seven very large crude carriers (VLCCs) from Gulf terminals on Sunday, increasing exports through the Strait of Hormuz. Sat
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Trump reportedly halted airstrikes against Houthis after attacks on Saudi oil facilities.
According to US officials, US President Donald Trump temporarily halted airstrikes against Yemen's Houthi rebels at noon on September 20 local time, after US military aircraft had already completed mu
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The Strait of Hormuz blockade enters its seventh month, with Middle East oil export freight rates soaring to a record high of over $30 per barrel.
Middle Eastern oil producers are maintaining oil exports through a high-cost ship-to-ship (STS) transfer system, with benchmark freight rates for very large crude carriers (VLCCs) transporting Persian
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The Saudi-led coalition announced it intercepted a ballistic missile fired by Houthi rebels towards Riyadh, while the Houthis claimed responsibility for attacking sensitive sites in Riyadh and Aramco facilities in Yanbu.
The Saudi-led coalition announced that Iranian-backed Houthi rebels launched a ballistic missile towards the Saudi capital, Riyadh, at dawn on Saturday, but it was successfully intercepted and destroy
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Saudi Aramco reportedly cuts European crude allocations for October, extending supply disruptions due to East-West pipeline attack
Saudi Aramco has informed European customers they will receive no crude allocations next month, prolonging supply disruptions caused by the attack on the East-West pipeline. The halt has already promp
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Saudi Aramco seeks fuel supplies in the Mediterranean region after attacks on its energy facilities.
Saudi Aramco has been seeking to procure thousands of tons of diesel in the Mediterranean region after a series of attacks on its energy facilities in recent weeks.
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Dow Inc. Reportedly Considering Selling 35% Stake in $20 Billion Saudi Chemicals JV Sadara Chemical
The potential exit from its joint venture with Saudi Aramco comes as Sadara has become a significant financial burden, with Dow having a negative investment balance of $793 million as of June 30. The
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Saudi Aramco Weighs Sale of Chemicals Business Arlanxeo
The state-owned energy firm is considering a potential sale of its specialty chemicals business Arlanxeo as it ramps up a multibillion-dollar divestment plan.
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Oil prices rose to a six-week high on Monday after exchanges of fire between the US and Iran and an attack on Saudi Aramco facilities.
Brent crude futures rose 1.3% to $97.52 a barrel on Monday, after touching $97.93 a barrel earlier in the session, their highest since July 23. U.S. WTI crude futures rose 1.3% to $92.68 a barrel, bri
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Saudi Aramco's Jizan facility hit by new round of attacks.
Saudi Aramco's Jizan facility, located near the Saudi-Yemen border, has been hit by a new round of attacks, according to the Financial Times. Houthi rebels have previously targeted Jizan multiple time
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Sony Semiconductor Solutions to Partner with Saudi Aramco on AI for Factory Maintenance
Sony Group's semiconductor division will collaborate with Saudi Aramco, the Saudi state-owned oil company, to develop AI models for factory maintenance. Sony aims to expand the application of its imag
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Saudi Aramco signs agreements and MoU with French companies worth over $3.7 billion
Saudi Aramco has entered into new agreements and a memorandum of understanding (MoU) with French companies, with a potential combined value exceeding $3.7 billion. The collaborations aim to reinforce
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Saudi Arabia offers full oil supplies to at least three European buyers, easing regional supply concerns
Saudi Aramco has notified at least three European refiners that it will supply full contractual crude volumes next month. The move eases concerns about crude supply in the region following earlier dis
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Diesel cracks rise above $98.00, an all-time high, after reports say Yemen's Houthis attacked Aramco refinery in Saudi Arabia
Diesel cracks rise above $98.00, an all-time high, after reports say Yemen's Houthis attacked Aramco refinery in Saudi Arabia
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Saudi Arabia's new oil route adds $5/barrel cost to bypass Hormuz and Bab el-Mandeb, deemed 'worth it' for supply reliability
The detour, which involves moving crude west across Saudi Arabia to Yanbu, then north through the Red Sea to Egypt, across the SUMED pipeline, and finally sailing around the Cape of Good Hope to Asia,
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Saudi Aramco's adjusted net profit for Q2 2026 was $33.4 billion, a 33% year-over-year increase, exceeding expectations due to rising oil prices from the Iran war.
Saudi Aramco announced that its adjusted net profit for the second quarter was $33.4 billion, exceeding analysts' expectations of $31.59 billion. Although crude oil sales and production declined durin
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