You Searched For "aramco oil crisis" and got 20 results
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1 min read
The global energy crisis will get worse if aviation and China put more pressure on an already under-invested sector, Aramco CEO says
"If the aviation industry picks up speed, you are going to have a major problem," Saudi Aramco CEO …
Brian Evans
2 mins read
Saudi Aramco's profits shoot up 90% to another record as the energy crisis sends oil prices soaring
Saudi Arabia's state oil company brought in $48.4 billion in the second quarter, nearly as much as …
George Glover
2 mins read
Saudi Aramco, the world's largest oil company, announces record profit of over $161 billion for 2022
The Saudi Arabian Oil Company, commonly referred to as Saudi Aramco, posted a record profit of $161…
Aaron McDade
2 mins read
The CEO of the world's largest oil producer said the oil industry must play a role in energy transition to avoid 'energy insecurity, rampant inflation, and social unrest'
Saudi Aramco CEO Amin Nasser's comments amid rapidly rising energy prices, as supply struggles to c…
Huileng Tan
2 mins read
Saudi Aramco chief is 'seriously concerned' that a rebound of the global economy will kill off any spare oil capacity
An economic rebound could absorb what little spare oil is out there and deepen the world's energy c…
Jennifer Sor
2 mins read
There are at least four reasons for the meltdown in the Indian market-- and the mood tomorrow will depend on the Fed
Indian stock markets are getting squeezed from the oil crisis in the Middle East on one side, the U…
2 mins read
Saudi Aramco's stock just recovered to its level before the oil price war
The state-led Saudi Aramco is the first major oil producer to have its stock price recover from the…
Carmen Reinicke
2 mins read
$1.7 trillion giant Saudi Aramco's profits drop almost $6 billion after oil prices crash below $0
Saudi Aramco reported a net income of $16.7 billion in the first quarter of 2020, down 25% from $22…
Saloni Sardana
4 mins read
Reliance to hive off $75 billion oil-to-chemicals business into separate unit for sale to Aramco
O2C undertaking of the company comprises entire oil-to-chemicals business of the company co…
PTI
5 mins read
Vision 2030 is Saudi Arabia's grand plan to future-proof its oil-based economy. Experts say it's a huge risk.
Vision 2030 is Saudi Arabia's hugely ambitious scheme to reduce its reliance on oil exports and tra…
Hasan Chowdhury
2 mins read
ExxonMobil, Shell lead Big Oil's eye-watering $221 billion profit binge that Biden has slammed as 'outrageous'
Oil majors have posted record profits for 2022, benefiting from the energy-market turmoil triggered…
Zinya Salfiti
2 mins read
Saudi Aramco is reportedly weighing a delay to its record-setting IPO after drone attacks
Saudi officials want to value the company at $2 trillion, but other bankers and even Aramco executi…
Carmen Reinicke
2 mins read
A deteriorating oil tanker off Yemen coast with a million barrels of crude could be an environmental 'catastrophe'
Inger Andersen told the UN Security Council that an oil spill from the FSO Safer, which hasn't been…
PTI
5 mins read
Aramco's IPO may look like a glittering success - but it's painted a target on Saudi Arabia's back that Iran will be happy to exploit
"The strikes [on Abqaiq-Khurais] were, in many ways, a direct warning to the Saudis that they can't…
Mitch Prothero,Mitch Prothero
2 mins read
The Saudi Arabian government invested more than $2 billion in Aramco's record-shattering IPO - even though the nation swore to become more economically diverse
Saudi Arabia plans to use funds raised by the offering to push its economy away from oil reliance a…
Ben Winck
2 mins read
Dow gains 125 points as investors weigh economic reopening, oil rallies
As the US weighs reopening its economy, other countries have started to report new cases, including…
Carmen Reinicke
2 mins read
India’s low inflation party might be over as the world braces for a crude price spike
India has been enjoying low consumer price inflation which has been falling every month, to 3.…
2 mins read
Crashing crude oil cracks Reliance Industries fourth-quarter profit by nearly 40%
India's largest conglomerate by market value, Reliance Industries (RIL) reported a 38.7% drop in fo…
2 mins read
The disruption to Saudi oil could last 3 months - a scenario Goldman Sachs says would send oil prices over $75 a barrel
Oil surged 20% on Monday morning, sending prices to $72 a barrel, later calming to 10.7% rise in Br…
Yusuf Khan
3 mins read
The price war in oil escalates as both Russia and Saudi Arabia threaten to boost output
Russia fired back in a matter of minutes, threatening to raise output by 500,000 barrels per day in…