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Saudi Arabia, Indonesia sign deals worth around $27B

Saudi Arabia, Indonesia sign deals worth around $27B

- Agreements span clean energy, petrochemical industries and aviation fuel services

03.07.2025 General

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

- Wara reservoir in North Wafra (Wara-Burgan-1) well shows production rate exceeding 500 barrels per day

26.05.2025 Oil

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

- World's biggest crude exporter, posts net income of $26 billion for January-March period, down from $27.3 billion in Q1 2024

12.05.2025 Oil Finance

China-Saudi energy alliance challenges global geopolitical balance

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

US in talks with Saudi Arabia on nuclear technology agreement, says US energy secretary

US in talks with Saudi Arabia on nuclear technology agreement, says US energy secretary

- ‘I think in the short run, we’ll sign a broader agreement about cooperation across the energy space,’ says Chris Wright

14.04.2025 General

Ukraine says it had 'productive' talks with US in Saudi Arabia

Ukraine says it had 'productive' talks with US in Saudi Arabia

- 'We addressed key points, including energy,' says Defense Minister Rustem Umerov

24.03.2025 General

Syria, Saudi energy company discuss cooperation in agricultural sector

Syria, Saudi energy company discuss cooperation in agricultural sector

- Two sides discuss 'ways to rehabilitate agricultural infrastructure to build integrated projects that contribute to greater investment and the creation of new job opportunities'

13.03.2025 Finance Energy Projects

Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes

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

Pakistan secures $1.2B deferral on Saudi oil payments

Pakistan secures $1.2B deferral on Saudi oil payments

- Saudi Arabia to fund $41M water project in Khyber Pakhtunkhwa

04.02.2025 Oil

Saudi Arabia inks deal with Germany to export green hydrogen to Europe

Saudi Arabia inks deal with Germany to export green hydrogen to Europe

- Under the deal, 200,000 tons of green hydrogen will be exported to Europe annually by 2030

04.02.2025 Renewable

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Saudi crown prince meets Italian prime minister to strengthen ties

Saudi crown prince meets Italian prime minister to strengthen ties

- Mohammed bin Salman, Giorgia Meloni sign agreement to establish strategic partnership council between Saudi and Italian governments

27.01.2025 General

Trump calls for immediate interest rate cuts during his Davos speech

Trump calls for immediate interest rate cuts during his Davos speech

- 'I'll demand that interest rates drop immediately.. they should be dropping all over the world,' US president says

24.01.2025 General

Saudi Arabia urges lifting of sanctions on Syria

Saudi Arabia urges lifting of sanctions on Syria

- Saudi foreign minister says Riyadh has observed strong desire of new administration to engage with regional partners, international community

22.01.2025 Energy Diplomacy

Global mining needs $6 trillion over next decade, Saudi minister says

Global mining needs $6 trillion over next decade, Saudi minister says

- 4th annual international meeting of mining ministers opens in Riyadh with participations of representatives from 85 countries

14.01.2025 Finance General

Exclusive - Iran's oil halt pushes Syria toward new regional cooperation

Exclusive - Iran's oil halt pushes Syria toward new regional cooperation

- Saudi Arabia's potential oil supply is seen as a strategic move that could reshape regional energy dynamics

27.12.2024 Natural Gas Oil analysis Energy Diplomacy Energy Projects

Oil giants' profits slide 15.1% to $182.1 billion in January-September

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

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

- Azerbaijani president holds trilateral talks with Kazakh, Uzbek counterparts on sidelines of COP29 in Baku

13.11.2024 Renewable

Saudi oil giant Aramco's net income drops 15.3% in 3Q24

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

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

- Experts believe replacing petrodollar will take time while CBDC could give yuan the push to compete with dollar in long term

30.09.2024 Oil Energy Diplomacy

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi oil major to sell 1.545 billion shares at a price between 26.70 and 29 Saudi riyals per share

31.05.2024 Oil Finance

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Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

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

07.05.2024 Oil Finance

Saudi Arabia cuts production to propel prices, revealing strategy over supply

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy

Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day

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

30.01.2024 Oil Energy Diplomacy

Aramco expands global venture capital program by $4 billion

Aramco expands global venture capital program by $4 billion

- Company more than doubles its investments from $3 billion to $7 billion

17.01.2024 Finance

Saudi Arabia's Maaden to launch Middle East's first 'digital' gold mine

Saudi Arabia's Maaden to launch Middle East's first 'digital' gold mine

- Technology solutions will be deployed at Mansoura Massarah gold mine to enhance efficiency, productivity, quality and safety across mine's operations

16.01.2024 News from companies

Oil down with Saudi price cap, Fed interest rate cut hopes stalled

Oil down with Saudi price cap, Fed interest rate cut hopes stalled

-Fed officials warn that fight against inflation may require policy rate increases for some time

08.01.2024 Oil Finance

Saudi Arabia's Maaden announces significant gold discovery

Saudi Arabia's Maaden announces significant gold discovery

- Fresh discovery is first significant find from company's extensive exploration program launched in 2022

29.12.2023 Finance

Oil rises with investors betting on low prices as OPEC+ insists on complying to cuts

Oil rises with investors betting on low prices as OPEC+ insists on complying to cuts

- OPEC+ curb plan does not appear to be sufficient to compensate for expected supply surplus in first quarter of next year

08.12.2023 Oil Finance Stock Market International Organization

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

- Producers of 23-member OPEC+ group, led by Saudi Arabia and Russia, will convene on Sunday in Vienna to review market conditions and production policy for next year

22.11.2023 Oil

Saudi Arabia makes two significant gas discoveries

Saudi Arabia makes two significant gas discoveries

- Discoveries at Al-Hiran and Al-Mahakik fields support Aramco's strategy to increase gas production by more than half, over 2021 levels, through 2030

20.11.2023 Oil World Middle East-Africa

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