Sinopec, Aramco start building petrochemical complex in China’s Fujian SINGAPORE: Sinopec Corp said on Monday that the company and Saudi Aramco have started constructing a refinery and... Published 18 Nov, 2024 11:32am
Markets Saudi Arabia cuts December light crude prices for Asia Top oil exporter Saudi Arabia has cut the price for the flagship Arab light crude it sells to Asia in December by 50... Published 06 Nov, 2024 08:15am
Markets Major Gulf markets mixed ahead of US election Major stock markets in the Gulf were mixed in early trade on Tuesday as investors took a cautious approach ahead of... Published 05 Nov, 2024 01:55pm
Markets Saudi Aramco says quarterly profit drops 15% on low oil prices RIYADH: Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing... Published 05 Nov, 2024 01:37pm
Markets Saudi Arabia may cut December oil prices for Asia, sources say SINGAPORE: Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December,... Published 01 Nov, 2024 11:31am
Markets Aramco launches its first fuel station in Pakistan Unveils facility in Lahore Updated 29 Oct, 2024 11:49pm
Markets Saudi Aramco CEO says bullish on China and oil demand SINGAPORE: The head of Saudi Aramco said on Monday that they are fairly bullish on China and oil demand, especially... Published 21 Oct, 2024 10:00am
Markets Saudi crude oil exports to China set to slip in September, sources say SINGAPORE: Saudi crude oil exports to China are set to fall in September to about 43 million barrels, several trade... Published 12 Aug, 2024 09:58am
Business & Finance Saudi Aramco Q2 profit dips 3% as output stays low RIYADH: Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop... Published 06 Aug, 2024 11:25am
Markets Saudi Arabia raises $12.35bn from Aramco share sale after increasing offer DUBAI: Saudi Arabia raised a total of $12.35 billion from selling more shares in Aramco, after increasing the... Published 10 Jul, 2024 02:46pm
Markets Aramco, ADNOC reportedly weighing bids for Australia’s Santos, but analysts sceptical Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have been separately considering bids for Santos, Bloomberg... Published 04 Jul, 2024 10:48am
Markets Saudi Aramco says foreigners grab ‘majority’ of share offering RIYADH: Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in... Updated 09 Jun, 2024 09:47pm
Markets Over half of Aramco share sale allocated to foreign investors: sources DUBAI: Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people... Updated 08 Jun, 2024 07:31pm
Markets Saudi Arabia set to raise $11.2bn in Aramco share offer priced at lower end of range DUBAI: Saudi Arabia is poised to raise more than $11.2 billion from its secondary offering of oil giant Aramco’s... Published 07 Jun, 2024 12:11pm
Markets Sinopec unit agrees $1.1bn deal to build gas pipelines for Saudi Aramco A Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to build natural gas... Published 06 Jun, 2024 03:14pm
Print Sinopec not interested in refinery project ISLAMABAD: The government’s plan to set up an oil or petrochemical refinery with China’s cooperation is almost a... Updated 04 Jun, 2024 11:26am
Print Investors flock to Aramco share sale that could raise $13bn DUBAI: Saudi Arabia’s sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of... Updated 03 Jun, 2024 08:59am
Business & Finance Saudi Aramco begins second share offering: statement RIYADH: Oil giant Saudi Aramco on Sunday kicked off a secondary share offering that could fetch nearly $12 billion,... Published 02 Jun, 2024 06:41pm
Markets Saudi Aramco completes acquisition of 40% stake in GO Pakistan Acquisition represents energy giant first downstream retail investment in Pakistan, says company Updated 31 May, 2024 08:28pm
Business & Finance Aramco maintains $31bn dividend despite lower Q1 net income DUBAI: Saudi Arabia’s state oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and... Published 08 May, 2024 06:43am
Markets Saudi Aramco maintains dividend despite lower net income in Q1 DUBAI: Saudi Arabia’s state-owned oil giant Aramco reported a 14.4% fall in first-quarter net profit on the back of... Published 07 May, 2024 11:36am
Markets CCP approves 40% acquisition of GO Pakistan by Aramco The Competition Commission of Pakistan (CCP) has approved a 40% equity stake acquisition in Gas & Oil Pakistan... Published 29 Apr, 2024 08:45pm
Markets Saudi Arabia may raise prices for most oil grades to Asia for June SINGAPORE: Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to... Published 29 Apr, 2024 03:02pm
Markets Saudi Aramco CEO calls energy transition strategy a failure HOUSTON: Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described... Published 25 Mar, 2024 05:47am
Markets Most Aramco buyers get full April volumes but heavy crude supply trimmed, sources say SINGAPORE/NEW DELHI: Saudi Aramco plans to meet full contractual crude oil volumes to most Asian buyers in April,... Published 11 Mar, 2024 01:31pm
Markets Saudi says 8% Aramco stake transferred to PIF wealth fund portfolio RIYADH: Saudi Arabia on Thursday said it transferred an additional eight percent stake from oil giant Aramco to... Published 07 Mar, 2024 07:17pm
Business & Finance Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say LONDON: Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S.... Published 06 Mar, 2024 06:35pm
Markets Saudi Arabia slightly raises Arab Light crude price to Asia Top oil exporter Saudi Arabia raised the official selling price (OSP) for its flagship Arab Light crude to Asia in... Published 06 Mar, 2024 11:26am
Markets Saudi Arabia may keep April crude prices to Asia little changed SINGAPORE: Top oil exporter Saudi Arabia may keep term prices of crude it sells to Asian customers little changed in... Published 01 Mar, 2024 10:39am
World Saudi Aramco signs supply agreements worth $6 billion Saudi state oil company Aramco has signed procurement agreements worth $6 billion with local vendors, widening its... Updated 28 Feb, 2024 12:16am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points