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US still planning for Biden visit to Israel, Saudi Arabia
- 'When the President's ready to make that announcement, that's when we will,' says White House
Oil jumps as Saudi price hike decision fuels supply concerns
-Rebounding demand in Asia after removal of COVID restrictions and start of driving season in US come amid tight supply concerns
Top Biden officials in Saudi Arabia for talks on oil ahead of planned visit
- White House Middle East coordinator and State Department’s energy envoy arrived in Saudi Arabia on Tuesday to meet with senior Saudi officials
Saudi Arabia plans to boost output by 1 million barrels per day: Energy minister
- Abdulaziz bin Salman says his country could maintain production at over 13 million barrels per day should global oil market require it
Saudi oil giant Aramco reports over 80% profit rise in 1Q22
- Aramco's first quarter 2022 profits hit $39.5 billion compared to $21.7 billion in same period of last year
Saudi Arabia condemns Houthi attacks on Kingdom’s oil facilities
- Riyadh says global energy supplies threatened by Iran-backed rebels in Yemen
Houthis attack Aramco oil facility in Saudi Arabia's Jeddah: Arab Coalition
- No casualties reported, says Saudi-led coalition
TotalEnergies to stop purchasing oil, petroleum products from Russia
- Decision due to worsening situation in Ukraine; company will cease further capital investment, activities in Russia
S. Arabia will not take responsibility for global oil supply disruptions: foreign ministry
- Iranian-aligned Houthis' attacks on oil facilities undermine security and sustainability of energy supply to global markets, says Saudi foreign ministry
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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
UK, Saudi Arabia agree to 'collaborate to maintain stability in energy market'
- Prime Minister Boris Johnson meets Saudi Crown Prince Mohammed bin Salman in Riyadh
UK to urge Saudi Arabia to raise oil output amid plans to reduce dependency on Russian resources
- Prime Minister Boris Johnson flying to Riyadh to meet officials on oil production
Aramco to develop major refinery, petrochemical complex in China
- Liquids-to-chemicals complex in Panjin, to start in 2024, will help will help meet China's growing demand for energy and chemical products
Saudi Aramco signs crude supply deal with Egyptian petrochemicals firm
- Aramco will supply 100,000 barrels per day of Arabian Crude to planned refining and petrochemical complex in Egypt’s Suez Canal Economic Zone
EU banks still providing funds for fossil fuels
- HSBC, Barclays and BNP Paribas have provided over $400B to 50 oil companies including ExxonMobil, Saudi Aramco, Shell, BP since 2016, ShareAction says
Saudi Arabia surpasses Russia as top OPEC+ producer
-Analysis by Energy Intelligence show output levels of two major oil producers have been equal since April 2020
Saudi King says OPEC+ production deal ‘essential’
- Major oil producers of OPEC+ are scheduled to meet next week to decide an output scheme in February
Saudi Aramco sells 49% stake in natural gas pipeline network
- Announcement comes five months after $12.4B lease transaction concluded in June with investors led by EIG Global Energy Partners
Oil up after S. Arabia imposes oil price hike for Asian, US buyers
- Decision comes after Saudi Arabia and Russia led group of major oil producers on agreement to keep January output unchanged
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Oil increases as Aramco’s price rise signals bullish demand
- Aramco's decision to raise crude prices for Asian consumers comes one day after OPEC+ agreed to keep December output unchanged
Saudi oil giant Aramco profit soars 158% in 3Q21 on higher oil prices, volumes
- Aramco gained $30.4 billion in July-September period of this year, compared to $11.8 billion in same period of 2020
Political motives lie behind US' call on OPEC+ to accelerate output: experts
- US is aware of OPEC+ spare capacity of around 6.5 million bpd and will continue political pressure on group and Saudis
Revenues of oil giants increase 46% in 1H21
- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises
Oil down as deep Saudi price cut signals demand slip in Asia
- Further price declines are limited by supply disruptions in US after Hurricane Ida
Russian energy giants Rosneft and Gazprom post revenue increase for 1H21
- Gazprom's gas export volume to Turkey increased almost threefold to 14.6 billion cubic meters
bp posts $3.1 billion profit in 2Q21
- Company expects higher product demand during third quarter as COVID-19 restrictions continue to ease
Chevron posts $3 billion profit in 2Q21
-Second-largest US oil company's Q2 revenue totals $37.6 billion compared to $13.5 billion during same quarter last year
Italian Eni reports €247 million profit in 2Q21
- Company's revenue for April-June 2021 period reaches €16.6 billion compared to €8.4 billion for same quarter last year