Saudi Aramco

Aramco reaches prince’s $2T goal in second-day surge

Thu, 12 Dec 2019 - 02:43 GMT

The stock climbed by the daily 10 percent limit to 38.7 riyals at the open in Riyadh before trimming gains.

Oil prices rise as Saudi supply risks come into focus

Thu, 19 Sep 2019 - 12:59 GMT

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while U.S. West Texas Intermediate crude was up 89 cents at $59 a barrel.

Aramco to buy Shell's stake in Saudi refining JV for $631M

Sun, 21 Apr 2019 - 11:26 GMT

The purchase, which is part of Aramco’s strategy to expand its downstream operations, will be completed later this year, they said in a joint statement.

Saudi Aramco gets first credit ratings ahead of bond debut

Mon, 01 Apr 2019 - 10:26 GMT

Aramco will start meeting international bond investors this week for its debut in the international capital markets, opening its books to investor scrutiny for the first time.

Saudi Aramco discussing investments in India's Reliance Industries: CEO

Wed, 20 Feb 2019 - 10:04 GMT

Saudi Aramco signed an agreement in April with a consortium of state-owned Indian refiners to participate in a $44 billion refinery project on the country’s west coast.

Saudi Arabia may cut February heavy crude prices to Asia

Thu, 03 Jan 2019 - 09:19 GMT

Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to weaker fuel oil margins, respondents to a Reuters survey said on Thursday.

Saudi Aramco signs crude oil supply term deal with China's Rongsheng

Wed, 26 Sep 2018 - 08:53 GMT

The volume and grades to be supplied were not available. Saudi Aramco and Rongsheng could not be immediately reached for comment.

Saudi king tipped the scale against Aramco IPO plans

Tue, 28 Aug 2018 - 08:31 GMT

The planned listing was to be the cornerstone of the kingdom’s promised economic overhaul and, at a targeted $100 billion, the biggest IPO ever.

Aramco listing plan halted, oil giant disbands advisors: sources

Thu, 23 Aug 2018 - 09:05 GMT

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco.

Saudi Aramco looks to expand largest U.S. refinery

Sun, 08 Apr 2018 - 07:56 GMT

“These agreements signal our plans for expansion into petrochemicals,” said Motiva’s Chief Executive Brian Coffman.

Business News wrap-up

Sun, 17 Dec 2017 - 07:26 GMT

A wrap-up of the most prominent business news of the day.

Saudi Aramco to venture into non-Saudi crude oil trading

Wed, 27 Sep 2017 - 12:58 GMT

Saudi Aramco’s trading arm will start trading non-Saudi crude oil to mainly feed its international joint ventures.

Will Saudi Aramco deliver world record profit for next year's IPO?

Sun, 10 Sep 2017 - 08:21 GMT

When oil giant Saudi Aramco discloses its financials for the first time next year.

Saudi Aramco awards first contract for planned shipyard complex

Tue, 08 Aug 2017 - 03:44 GMT

Saudi Aramco said it has awarded the first major contract in the planned construction of a $5.2 billion shipyard complex designed to reduce Saudi Arabia's dependence on oil exports.

Egypt expects to receive Iraqi crude in mid-May

Thu, 11 May 2017 - 10:46 GMT

Egypt expects the first crude oil shipment from Iraq under a bilateral agreement to arrive in mid-May, an Egyptian oil ministry official said on Thursday.