The Israel Hamas war has sent shockwaves across the world and the rapidly evolving conflict is being closely watched by global leaders. Tensions started when Hamas attacked Israel with over 5000 rockets from Gaza, a...
Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...
Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar. Saudi Arabia’s national oil...
The top oil producers have been holding back on a major production boost even as oil prices soar amid a supply crunch. With natural gas and coal prices at record highs, the oil price bump...
A previous standoff with Mexico was resolved as the deal was announced just hours before Asian markets opened on Monday. The cuts will be gradually eased until April 2022. OPEC, Russia and other oil-producing nations...
Saudi Arabia has formally launched the initial public offering of stock in state-owned oil giant Aramco. The long-awaited IPO is part of plans to move the kingdom away from oil dependency. Saudi Aramco, the national...
The attacks on Saudi Arabia’s largest oil-processing plant at Abqaiq and its second-largest oil field in Khurais on Saturday knocked out about 5.7 million barrels a day of output – about half of Saudi production...
It’s been a turbulent few days on international markets for oil investors. Yet while Saudi Arabian supply may be restored quickly, the attacks have raised questions that may impact the price of oil in the...
SoftBank has apparently dropped Saudi Arabia as an investor for its new fund after the assassination of journalist Jamal Khashoggi. It has vowed to accelerate the “AI revolution” through investment in leading companies. Japan-based SoftBank...
As Qatar leaves OPEC, a Troika of Saudi Arabia and non-OPEC members Russia and the US are likely to press ahead with their own interests. So, are the days of OPEC dominance numbered? When the head...
Tesla CEO Elon Musk has unveiled a main source of funding for his go-private transaction, saying Saudi Arabia’s sovereign wealth fund has been pushing him to go ahead with a plan aimed at buying out...
Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details....
