September 30, 2024
“…Prices are also under pressure on the expectation that oil production will rise in Libya. Factions in the North African country reached a deal Wednesday to appoint a new central bank governor. A political dispute over who should lead the… Continue Reading…
August 12, 2024
“Net income from the first half of the financial year was $56.3 billion, down from $62 billion during the same period last year. Aramco reaffirmed its second-quarter base dividend of $20.3 billion, and declared a performance-linked dividend of $10.8 billion… Continue Reading…
July 12, 2024
“Saudi Arabia privately hinted earlier this year it might sell some European debt holdings if the Group of Seven decided to seize almost $300 billion of Russia’s frozen assets, people familiar with the matter said… In May and June, the… Continue Reading…
November 20, 2023
“China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar. The two countries’ central banks… Continue Reading…
August 7, 2023
“Saudi state oil giant Aramco reported 112.81 billion riyal ($30.07 billion) in net profit in the second quarter, a drop of nearly 40% from the same period of last year amid a decline in hydrocarbon prices. Second-quarter profit nevertheless came… Continue Reading…
March 15, 2023
“Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory… Continue Reading…
March 13, 2023
“Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over the… Continue Reading…
December 13, 2021
“Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energy prices… “We have very serious concerns that the world could run short of energy if we are… Continue Reading…
September 23, 2019
“Surging output from shale helped America ship almost nine million barrels a day of crude and oil products in June, surpassing Saudi Arabia, the International Energy Agency said in a report, citing gross export figures. There’s room to send even more… Continue Reading…
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