Ship tracking data released on Monday showed six Saudi-flagged supertankers turning away from the Gulf of Aden and heading for southern Africa to avoid the Red Sea. The Iran-backed Houthi insurgents of Yemen have declared a “maritime ban” on Saudi shipping, backed up by terror attacks.
Saudi Arabia’s national oil company Aramco began loading cargoes of crude oil at its massive Ras Tanura terminal on Friday.
Multiple outlets reported on Monday that the Ras Tanura oil refinery in Saudi Arabia had temporarily shut down after dramatic images surfaced of smoke billowing from the facility following an Iranian attack.
Saudi Aramco, the national oil company of Saudi Arabia, posted a 22 percent decline in profits for the second quarter of 2025.
The Reuters news agency reported on Thursday that Gulf nations are concerned that any escalation between Iran and Israel will implicate them and threaten their oil facilities, leading to attempts to ingratiate themselves with Iran.
Saudi Arabia’s national oil company, Aramco, on Sunday reported near-record profits of $121 billion in 2023. The eye-catching total might seem a bit surprising given media narratives that fossil fuels are on the way out, but Aramco found demand for oil stronger than ever, albeit distributed somewhat differently than in years past.
The Saudi Basic Industries Corporation (SABIC) on Sunday announced an investment plan to build a petrochemical complex in China’s Fujian province, in cooperation with the Fujian Fuhua Gulei Petrochemical company.
Saudi Arabia announced this weekend that its gross domestic product had crossed the threshold of $1 trillion for the first time in its history, a milestone reached with the aid of high global oil prices and heavy government investment in tourism and entertainment.
Asset management giant BlackRock announced on Monday that it had named the CEO of Saudi Aramco, the world’s largest oil company, to its board of directors.
Saudi Arabia’s state oil company Aramco announced on Sunday that it has signed a deal with Chinese analog China Petroleum and Chemical Corporation (Sinopec) to build an oil refinery in southeast Fujian province, helping secure a stable and affordable supply of gasoline and other fuels in China.
Amin Nasser, the chief executive officer of Saudi Arabia’s national oil company Saudi Aramco, said on Tuesday that cyberattacks have become one of the top threats faced by the gigantic energy corporation – a menace as threatening as natural disasters and terrorist attacks on Aramco’s physical assets.
The state-run Saudi Arabian Oil Company (Aramco) announced on Sunday that it recorded a 90 percent year-on-year increase in its net income in the second quarter of 2022, amounting to a record-high profit of $48.4 billion, the Saudi Press Agency (SPA) reported.
Amin Nasser, CEO of Saudi Arabia’s national oil company Aramco, said on Monday that the world had better begin paying close attention to the relentless terrorist attacks on Saudi oil facilities launched by the Iran-backed Houthi insurgents of Yemen, because Houthi mischief could make it difficult for the Saudis to increase oil shipments in response to global demand.
The BBC has been revealed to have received hundreds of thousands in ad revenue from Saudi Arabia’s national oil company.
Oil giant Saudi Aramco reportedly forced a migrant worker to wear a surgical mask and a large hand-sanitizer dispenser, serving as a human dispenser to keep Saudis safe from the Chinese coronavirus, photos on Tuesday revealed.
Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Tuesday that oil production will be fully restored by the end of September following a drone and missile attack on oil facilities Yemen’s Houthi rebels have claimed.
Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign listing as part of the offering.
