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China-Saudi energy alliance challenges global geopolitical balance
- Ahead of US President's visit to Middle East on May 13, agreements signed between China's Sinopec and Saudi Aramco underscore growing energy partnership between Beijing and Riyadh
12.05.2025
Energy Diplomacy
Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes
- World's biggest crude exporter announces net income of $106.2 billion in 2024
04.03.2025
Oil
Oil giants' profits slide 15.1% to $182.1 billion in January-September
- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023
11.12.2024
Refining/Petro Chemistry
Saudi oil giant Aramco's net income drops 15.3% in 3Q24
- Decline linked to reduced crude oil prices and softer refining margins
05.11.2024
Oil
Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24
-Company's revenue for January–March period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year
Head of Saudi oil giant Aramco calls for energy 'transition strategy re-set'
"We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions," says Aramco CEO
19.03.2024
Oil
Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day
- National oil company Saudi Aramco will refrain from increasing its oil capacity to 13 million barrels per day
Aramco to enter global LNG business by acquiring stake in MidOcean Energy
- This partnership with MidOcean Energy marks Aramco's first international investment in LNG
TotalEnergies, Aramco convert oil from plastic waste for first time in MENA region
- Certified by International Sustainability and Carbon Certification, project aims to recycle plastics to circular polymers in Saudi Arabia
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Aramco inks $12.2B deal with China for refinery, petchem complex in NE China
- Refinery with capacity of 300,000 oil barrels per day will be completely operational by 2026
China to further ease coronavirus management as of Jan. 8
- National Health Commission says quarantine to life on travelers, patients entering country
Aramco CEO says energy policies alarming for almost a decade
- Fear factor plays role in shrinking long-term oil and gas investments and one of many causes of ongoing energy crisis, Aramco CEO says
Despite rising energy costs, Japan to maintain sanctions on Russia
- Premier Kishida directs officials to ‘address rising energy prices prompted’ by Ukraine war
Saudi Aramco's income more than doubles amid plans to raise output by 2027
- Company to raise crude production capacity by 2.8 million barrels per day by 2027
Oil down as uncertainties over new variant trigger investor caution
-More-than-expected fall in US crude stocks limits further decreases
Oil down on demand pressure from new COVID-19 variant
- Investors are awaiting decision from major oil-producing countries on production volume for January
G20 leaders agree on 1.5C global warming target
- Keeping 1.5°C within reach requires meaningful and effective actions, leaders say in final communique
World in midst of 'uneven and unsustainable' economic recovery, IEA says
- Clean energy spending is highly imbalanced geographically with most of it in advanced economies rather than developing world
28.10.2021
Invesments
Pandemic-related waste raises alarm over environmental health: Expert
- ‘If we can't manage medical waste, it means we are heading towards a disaster,’ says Turkish academician
27.10.2021
General
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65th IAEA General Conference begins in Vienna
- It is time for US to ‘rectify wrong policies,’ remove all sanctions, says head of Iran's Atomic Energy Organization
Health professionals call for emergency action on climate change crisis
- COVID-19 pandemic will end but there is no vaccine for climate crisis, says director-general of World Health Organization
ANALYSIS - OPEC+ keeps hopes up
- One of key challenges for OPEC+ for next years will be to procure all it can to keep well-supplied oil market running parallel to post-pandemic recovery period both for consumers and producers alike
Oil prices down over COVID-induced demand fears despite US oil stock drop
- US inventories fall by 3 million barrels relative to market estimate of 2.37 million-barrel decrease
Oil climbs as full US approval of Pfizer vaccine raises hopes of recovery
- Decline in Indian oil throughput weighs on prices
Oil prices fall on demand hopes dashed from Delta variant case rises
- Prices find support from UK reports of lowest daily virus cases on Monday, which prevents further decline
Oil prices down as rising Delta variant cases threaten oil demand
- Upcoming supply increase of OPEC+ raises oversupply fears while COVID-19 continues blurring oil demand outlook
US Federal Reserve keeps interest rate unchanged
- ‘Progress on vaccinations has reduced the spread of COVID-19 in the US,’ central bank says
17.06.2021
Americas
France to double COVID vaccine sharing to developing nations to 60M doses
- ‘In no case will intellectual property block the transfer of technology that allows vaccine production,’ says Macron
G7 summit kicks off with pandemic, climate change on agenda
- G7 leaders gather in Cornwall, England under strict security measures, COVID-19 precautionsNATURAL GAS MARKET (TL/1000Sm³)
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