Oil Down as Investors Digest Surprise Crude Oil Build
By Gina Lee Investing.com – Oil was down Thursday morning in Asia, dropping for a second session as U.S. crude oil supply data showed a surprise build. Brent oil futures were down 0.64% to...
Strong Buy
or
Saudi Aramco News & Analysis
-
-
Oil Holds Drop From Seven-Year High as Energy Crunch Fears Ease
(Bloomberg) -- Oil held losses in Asian trading after U.S. crude stockpiles grew more than expected and Russia offered to ease a natural gas crisis. Futures in New York dipped to near $77 a...
-
Saudi Oil Giant Breathes Down Apple's Neck As World's Most Valuable Company
Thanks to the oil price rally this year, Saudi Aramco has become the world's second most valuable company in market capitalization terms, worth some $2 trillion, compared with Apple's $2.3...
-
Global oil demand ‘very healthy’, lack of investment could send prices higher: Aramco CEO
Global oil demand is “very healthy” and will reach close to 99 million b/d by the end of this year from 97 million b/d in Q3, with some natural gas customers switching to liquids, Saudi...
-
Saudi Aramco cuts almost all selling prices for November
Saudi Aramco cuts almost all selling prices for November
-
Saudis Cut Oil Price to Asia After OPEC+’s Restraint Fuels Rally
(Bloomberg) -- Saudi Arabia reduced prices for all crudes destined to Asia, its biggest market, after OPEC+’s decision to keep slow production increases sent oil futures surging. State...
-
DUBAI FUTURES: Dec EFS, spreads stable; Saudi OSPs key despite OPEC outcome
Front-month Brent/Dubai Exchange of Futures for Swaps for benchmark Dubai crude futures as well as intermonth spreads were near-steady at mid-morning Oct. 5. The December Brent/Dubai EFS was...
-
Aramco to complete 1 mln bpd oil capacity expansion by 2027 -CEO
Saudi Arabia’s national oil company will complete its 1 million barrel per day (bpd) oil output expansion project by 2027 to bring its total production to 13 million bpd, its CEO said on...
-
Oil Steadies Near Seven-Year High as OPEC+ Sticks to Output Plan
(Bloomberg) -- Oil steadied in Asian trading after rallying to the highest level since 2014 following a decision by OPEC+ to maintain its planned gradual increase of supply, despite the...
-
Reliance sets up a subsidiary in UAE for trading oil
MUMBAI (Reuters) - Reliance Industries said on Saturday it had set up a wholly owned subsidiary in the United Arab Emirates (UAE) for trading in crude oil, petroleum, petrochemical products...
-
Saudi Aramco likely to cut Nov OSPs amid softer demand cues, rising crude
Saudi Aramco and other Middle East producers are expected to cut official selling prices, or OSPs, for crude loading in November on weak demand-supply fundamentals that led to a sharp...
-
Saudi Arabia may trim November crude prices for Asia
Top oil exporter Saudi Arabia may just trim November crude prices for customers in Asia even though Middle East benchmarks posted wider declines this month, industry sources said. State oil...
-
China’s plants cut runs; demand in Japan set to rise
The average utilization rate of China’s four state-owned refiners fell from 84% in August to 82% in September, while independent refiners also cut run rates by two percentage points. As a...
-
REFINERY NEWS ROUNDUP: Upgrade completions in Middle East
Upgrades have been in the focus in the Middle East, with KNPC completing its Clean Fuels Project. Separately, the Baiji refinery, which used to be the largest refinery in Iraq, resumed...
-
APPEC-Global oil demand seen reaching pre-pandemic levels by early 2022
By Koustav Samanta, Roslan Khasawneh and Florence TanSINGAPORE (Reuters) -Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although...
-
Guyana grants Saudi Aramco unit one-year contract to market crude
Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government’s share of the crude produced in the South American country, Vice President...
-
Emerging market corporate bond sales scale record high this year
(This Sep.3 story corrects the name to Acuity Knowledge Partners from Acute Knowledge Partners in the eighth paragraph) By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Emerging...
-
CRUDE MOC: Cash Dubai strengthens; market eyes Saudi term allocations
Benchmark cash Dubai crude’s premium to Dubai futures rose Sept. 10, while spot trading activity remained muted as end-users awaited issuance of term cargo allocations by Saudi Aramco....
-
Saudi Aramco unit wins Guyana oil tender, in line for contract
Guyana awarded a unit of Saudi Aramco 2222.SE a tender to purchase a portion of the country’s oil production, and the two parties will likely enter into a one-year marketing deal, an...
-
Crude Oil Lower Amid Ongoing Demand Worries
By Peter Nurse Investing.com -- Oil prices retreated Tuesday, continuing the previous session’s selloff after Saudi Arabia’s sharp cut in crude prices and the disappointing U.S. jobs...
-
Oil Mixed, Impact from Saudi Price Cuts and OPEC+ Supply Increase Continues
By Gina Lee Investing.com – Oil was mixed Tuesday morning in Asia. Fuel demand remains a concern as investors continue to digest Saudi Arbia’s sharp cuts to crude contract prices. Brent oil...
-
Oil falls after Saudi price cuts
By Stephanie Kelly NEW YORK (Reuters) - Oil prices fell on Monday after Saudi Arabia's sharp cuts to crude contract prices for Asia revived concerns over the demand outlook. Brent crude...
-
Saudi Arabia slashes crude prices to Asia; U.S., Europe prices steady
By Maher Chmaytelli and Florence Tan DUBAI/SINGAPORE (Reuters) - Saudi Arabia, the world's top oil exporter, slashed prices of all crude grades to Asian customers in October versus...
-
Oil Down Over Saudi Price Cut, Cloudy Fuel Demand Outlook
By Gina Lee Investing.com – Oil was down Monday morning in Asia. The black liquid extended its losses after Saudi Arabia cut crude prices for Asia over the weekend amid an uncertain fuel...
-
Emerging market corporate bond sales scale record high this year
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Emerging market firms have flocked to bond markets to cash in on low interest rates and have raised a record amount of money to fund...
-
Saudi Arabia may cut October crude prices for Asia
Top oil exporter Saudi Arabia is expected to cut prices for most crude grades it sells to Asia in October after Middle East benchmark Dubai weakened last month, a poll of six refiners...
-
REFINERY NEWS ROUNDUP: China’s state-run refiners lift Aug runs
China’s four oil giants lifted their average utilization rate to a 19-month high of 84% in August as plants returned from maintenance, in line with the expectation that the state-run...
-
Saudi Aramco is the world’s most profitable oil giant. For investors, it’s one big yawn
The dividend is uninspiring, and the stock, flat on the year, has completely missed out on the big rally in energy stocks. Read More
-
Aramco Trading to join Platts oil pricing process in Asia
Aramco Trading Company (ATC) will be participating in S&P Global Platts price assessment process for crude cargoes in Asia, the price reporting agency said on Wednesday. Platts said in a...
-
Crude Oil Slumps on Chinese Economic Slowdown
By Peter Nurse Investing.com -- Crude oil prices slumped Monday, weighed by signs of an economic slowdown in China, the world’s second largest consumer, as the mobility restrictions put...
-
REFINERY NEWS ROUNDUP: China’s July oil product exports fall on quota shortages
China’s oil product exports fell 28% month on month to 4.64 million mt in July — a five-month low — as oil companies cut exports due to quota shortages. China exported 26.29 million mt of...
-
Several Asian Refiners Take Less Saudi Oil as Delta Hits Demand
(Bloomberg) -- Several Asian refiners asked for less oil from Saudi Arabia for next month as steps to rein in the delta virus variant weighed on demand. At least four customers --- three in...
-
Saudi Aramco to boost capacity by 550,000 b/d by 2025 amid plans to hit 13 million b/d
Saudi Aramco plans to ramp up its oil production capacity by 550,000 b/d by 2025 as it forges ahead with plans to boost its maximum sustainable capacity to 13 million b/d in the coming...
-
Saudi Aramco scouting for more deals to offer to investors
Saudi Aramco 2222.SE is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a $12.4...
-
Oil Giant Aramco Sees Growth Where Others Eye Transition
Decarbonization strategies and uncertainty about global demand have tempered most oil-and-gas investment, but the world’s largest producer still plans to expand.
-
Saudi Aramco To Raise Oil Output Capacity by 550,000 Bpd By 2025
Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned...
-
Saudi Aramco’s Asian crude prices hike comes at risky time amid Chinese COVID resurgence
Saudi Arabia’s decision to raise the price of the oil it sells in Asia this month may prove costly as Chinese demand weakens amid a resurgence in coronavirus cases and the US and Russia seek...
-
REFINERY NEWS ROUNDUP: Limited maintenance in Middle East
Most refineries in the Middle East are back after works. Some maintenance continues at refineries in Iran and Syria. Oil product stockpiles at the UAE’s port of Fujairah have fallen to a...
-
Aramco Raises Asia, U.S. Oil Prices in Sign Demand Seen Rising
(Bloomberg) -- Saudi Arabia raised oil for prices for buyers in Asia and the U.S. for September in a sign the world’s largest crude exporter sees demand continuing to recover despite a surge...
-
Saudi Aramco Hikes Oil Prices To Asia For Second Consecutive Month
The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle...
-
Saudi Oil Giant Aramco Denies It’s Launching Bitcoin Mining
The world’s largest oil firm, Saudi Arabia’s state-held Aramco, denied on Monday reports from the past days that it would start Bitcoin mining activities. “With reference to recent reports...
-
Bitcoin pares gains as Saudi Aramco denies crypto plans
By Samuel Indyk Investing.com – The price of Bitcoin dropped back below $40,000 on Monday after Saudi Aramco (SE:2222) denied reports that it was planning to enter the cryptocurrency...
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
