sharp drop in second-quarter revenue
Saudi state oil big Aramco reported 112.81 billion riyal ($30.07 billion) in web revenue within the second quarter, a drop of practically 40% from the identical interval of final yr…
Over a $1 trillion wanted for creating nations local weather transition
Smoke billows from an unauthorized metal manufacturing facility, foreground, on November 4, 2016 in Interior Mongolia, China. To fulfill China’s targets to slash emissions of carbon dioxide, authorities are pushing…
OPEC+ alliance will break, sending oil costs decrease
Saudi Arabia’s Vitality Minister Prince Abdulaziz bin Salman speaks in the course of the eighth OPEC Worldwide Seminar in Vienna, Austria, July 5, 2023. Xinhua Information Company | Xinhua Information…
Here is the place Saudi Arabia’s PIF has invested
PIF Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Funding Discussion board held on the Ritz-Carlton Moscow Lodge. Sergei Bobylev | TASS through Getty Photos Saudi Arabia’s sovereign wealth…
Oil costs pop after Saudi Arabia pledges manufacturing cuts
Imaginima | E+ | Getty Pictures Oil costs rose following OPEC kingpin Saudi Arabia’s resolution to chop manufacturing by one other million barrels per day. On Sunday, the Group of…
OPEC+ sticks to 2023 oil manufacturing targets as Saudi Arabia declares additional voluntary cuts
Saudi Minister of Power Prince Abdulaziz bin Salman al-Saud arrives for the Group of Petroleum Exporting International locations (OPEC) assembly in Vienna on June 3, 2023. Joe Klamar | Afp…
OPEC+ prepares for weekend assembly after Saudi warns speculators to ‘be careful’
Led by Saudi Arabia and Russia, OPEC+ agreed in early October to scale back manufacturing by 2 million barrels per day from November. Vladimir Simicek | Afp | Getty Pictures…
Saudi oil minister warns market speculators to ‘be careful’ forward of OPEC+ assembly
Abdulaziz bin Salman, Saudi Arabia’s vitality minister, speaks throughout a panel session on the Qatar Financial Discussion board in Doha, Qatar on Might 23, 2023. Bloomberg | Bloomberg | Getty…
Oil costs surge after OPEC’s shock reduce, analysts warn of $100 per barrel
Oil storage tanks stand on the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at evening in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Photos Oil costs surged as a…
Oil provide future at risk from underinvestment, Aramco CEO says
Pump jacks are seen within the Halfway Sundown oilfield, California. Lucy Nicholson | Reuters Power underinvestment within the hydrocarbons sector will hold international provide tight, the top of the world’s…