(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.The OPEC+ coalition ratified an oil-production increase that completes the return of...
(Bloomberg) -- Shares of MicroStrategy Inc . (NASDAQ:MSTR) have been hit hard this year as its once-winning approach of being a tech company that also holds billions of dollars in...
Saudi Aramco will supply as much as 45 percent of ORLEN Group’s crude oil needs following the Polish firm’s merger with LOTOS Group. PKN ORLEN recently closed its merger with LOTOS Group to...
Companies in the Middle East have announced petrochemical and hydrogen projects. QatarEnergy and its partner Chevron Phillips Chemical — a joint venture between Chevron and Phillips 66 —...
By Barani Krishnan Investing.com -- Oil surged to near three-month highs above $120 a barrel in Monday’s session before turning lower on profit-taking and worries about hurt to the U.S....
By David Ho Investing.com – Oil was up on Monday morning in Asia after Saudi Arabia raised the price steeply for its crude sales in July, a sign that supplies remain tight even though OPEC+...
(Bloomberg) -- Oil extended gains to the highest level in almost three months after Saudi Arabia signaled confidence in the demand outlook by increasing the price of its crude for Asia by...
By Geoffrey Smith Investing.com -- The pain of high oil prices is being felt around the world and, as so often before, it looks like the only cure for high prices is…high prices. In...
Following the news that Japan’s JGC Holdings Corporation has announced that JGC Corporation and JGC Arabia have been jointly awarded a pair of contracts by Saudi Aramco for the Zuluf oil and...
By Geoffrey Smith Investing.com -- Nasdaq futures are underperforming again in premarket as stagflation hits Apple and NVIDIA. The U.S. will publish revised GDP figures for the first...
Valvoline Inc. rallied 13.9% in late afternoon trade on Wednesday after the company's shares were briefly halted due to volatility. The motor-oil company has been approached about a...
(Reuters) -Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with the matter told...
Valvoline Inc. rallied 16% in midday trades on Wednesday after the company's shares were briefly halted due to volatility. The motor oil company has been approached about a potential...
State oil giant Saudi Aramco approached Valvoline about a takeover deal, according to people familiar with the matter.
Chinese refiners’ crude throughput in April slumped 10.5% year on year to a two-year low of 12.66 million b/d as COVID-19 lockdowns reduced oil demand, National Bureau of Statistics data...
The world's largest oil company, Saudi Aramco, cannot increase its oil production capacity any faster than it has already promised, the head of Saudi Aramco told Reuters on Tuesday on the...
By Alessandra Galloni and Dmitry Zhdannikov
By David Callaway, Callaway Climate Insights LONDON (Callaway Climate Insights) — The growth of Saudi oil giant Aramco to become the world’s most valuable stock last week, surpassing even...
Saudi Aramco made headlines last week when it dethroned Apple as the most valuable company in the world, hitting a market cap of $2.43 trillion as of last Wednesday. How did this happen in...
Saudi oil giant Aramco is discussing with major international banks the possibility of listing 30 percent of its trading arm, Aramco Trading, 100 percent of which could be valued at around...
Saudi Aramco, the world’s biggest oil company, on May 15 reported a 13% increase in total hydrocarbons output to 13 million boe/d in the first quarter from a year earlier and a 7% decline in...
(Bloomberg) -- Saudi Arabia’s energy minister said a dearth of refining capacity meant that gasoline and other oil products would remain expensive even if the world’s biggest exporters...
By Peter Nurse Investing.com -- Oil prices weakened Monday on signs that COVID lockdowns were severely hitting demand from China, the largest importer of crude in the world but remain...
By Geoffrey Smith Investing.com -- Wheat prices shoot to a two-month high after India bans exports, stoking fears of a global food shortage. JetBlue goes hostile in its bid for Spirit....
Oil and gas prices have rebounded strongly from the COVID lows. The economic reopening and low investments during the pandemic drove prices higher. Further, Russia’...
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said...
The world’s most valuable company said its net income surged 82% to $39.5 billion in the first three months of 2022.
DUBAI (Reuters) – State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net income, broadly in line with analyst forecasts, helped by strong oil...
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