Aramco’s ‘record’ profit invites outraged response RIYADH: Saudi Aramco said on Sunday it achieved “record” profits totalling $161.1 billion last year, drawing an... Published 13 Mar, 2023 06:15am
Markets Aramco’s Nasser says oil market tightly balanced DUBAI: Aramco’s chief executive Amin Nasser said on Sunday the market would remain tightly balanced in the short to... Published 12 Mar, 2023 07:09pm
Markets Saudi Aramco reports 46% jump in profits for 2022 RIYADH: Saudi Aramco reported on Sunday that profits jumped 46 percent last year, highlighting how a surge in oil... Published 12 Mar, 2023 12:31pm
Markets Aramco to supply full crude contract volumes to at least 4 Asia refiners in March SINGAPORE: Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of... Published 10 Feb, 2023 10:15am
Markets Aramco, Sonatrach raise OSPs for LPG by 10-34% in Feb vs Jan MOSCOW: Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach raised February official selling prices for... Published 01 Feb, 2023 08:16pm
Markets Saudi Arabia may lower crude prices to Asia for 4th straight month SINGAPORE: Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a... Published 30 Jan, 2023 11:15am
Markets Gulf markets rise on China demand optimism DUBAI: Gulf stock markets closed higher on Tuesday on expectations of economic recovery in the world’s second... Published 25 Jan, 2023 06:25am
Markets Gasoil margins, premiums open the week down SINGAPORE: Asia’s 10-ppm sulphur gasoil margins and cash premiums snapped a week-long gain, falling on the first... Published 20 Dec, 2022 05:58am
Markets VLSFO cash differential rebounds on spot trade SINGAPORE: Asia’s cash differential for 0.5% very low sulphur fuel oil (VLSFO) rebounded on Monday as more spot... Published 20 Dec, 2022 05:58am
Markets Saudi Aramco to maintain steady supplies to 2 North Asian buyers in January SINGAPORE: Saudi Aramco has told at least two customers in North Asia they will receive full contract volumes of... Published 12 Dec, 2022 10:29am
Markets Aramco discovers two new Saudi gas fields CAIRO: Saudi Arabia’s energy minister said Saudi Aramco had discovered two new natural gas fields, Awtad and... Published 30 Nov, 2022 08:06pm
Markets Most Gulf markets track oil prices, global shares lower DUBAI: Most stock markets in the Gulf ended lower on Monday, as investors tracked sluggish oil prices and global... Published 29 Nov, 2022 05:57am
Markets Saudi Aramco to pump $7bn into biggest petchem investment in South Korea SEOUL: Saudi Aramco plans a $7-billion investment at a South Korean affiliate’s factory in the port city of Ulsan to... Published 17 Nov, 2022 01:18pm
Markets Chinese refiners seek less Saudi crude as demand weak SINGAPORE: Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two... Published 11 Nov, 2022 05:25pm
Markets Saudi Aramco to ship full oil contract volumes to Asia in Dec SINGAPORE: Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract... Published 10 Nov, 2022 09:48am
Markets Saudi Aramco posts 39% jump in third-quarter profits: statement RIYADH: Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial... Published 01 Nov, 2022 11:18am
Markets Saudi Arabia may cut crude prices for Asia for Dec cargoes SINGAPORE: Top oil exporter Saudi Arabia may cut the prices of most crude grades to Asia in December as... Published 31 Oct, 2022 11:31am
Business & Finance Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cuts SINGAPORE: Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude... Published 10 Oct, 2022 10:57am
Markets Asia Fuel Oil: 380-cst HSFO market flips SINGAPORE: The spot 380-cst high sulphur fuel oil (HSFO) market flipped to a premium on Friday, after staying ... Published 08 Oct, 2022 03:25am
Markets Saudi Arabia leaves November Arab Light crude OSP to Asia unchanged SINGAPORE: Saudi Aramco has kept the November official selling price (OSP) for its Arab Light grade for Asian... Published 06 Oct, 2022 02:49pm
Markets Saudi leads Gulf bourses higher in early trade Saudi Arabia’s stock market rose in early trade on Thursday, leading gains in the Gulf region, on track to extend... Published 29 Sep, 2022 02:10pm
Markets Aramco says global energy transition goals ‘unrealistic’ RIYADH: Oil giant Saudi Aramco’s chief on Tuesday blasted “unrealistic” energy transition plans, calling for a... Published 21 Sep, 2022 05:57am
Markets North Asian refiners to get full allocation of Saudi crude in October SINGAPORE: Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes... Published 12 Sep, 2022 02:15pm
Business & Finance Aramco may take stake in Renault’s future thermal engine business PARIS: Saudi Aramco could take a stake in the future thermal engine business that Renault plans to separate from its... Published 01 Sep, 2022 05:53pm
Markets Oil drops as China data weighs LONDON: Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data... Updated 15 Aug, 2022 07:20pm
Business & Finance Saudi Aramco profit soars on higher prices and refining margins DUBAI: State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in... Published 15 Aug, 2022 05:41am
Markets Saudi Aramco profit soars on higher prices and refining margins DUBAI: Saudi Arabian state oil producer Aramco reported a 90% rise in second-quarter profit on Sunday, beating... Published 14 Aug, 2022 11:48am
Markets Saudi crude prices to Asia may hit record highs in September SINGAPORE: Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month... Published 28 Jul, 2022 04:28pm
Markets Ogra increases LPG price by Rs2/kg for July ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has increased on Friday the Liquefied Petroleum Gas (LPG)... Published 02 Jul, 2022 04:10am
Markets OPEC+ words contrast with Saudi action of raising oil prices: Russell LAUNCESTON: The gap between what is said in crude oil markets and what actually happens in the physical trading... Published 06 Jun, 2022 10:05am