saudi aramco

Oil prices surged as President Trump rejected Iran's peace proposal, reigniting fears over global energy supply routes. Hopes for breakthrough talks faded, shifting market attention to Trump's upcoming visit to Beijing. saudi aramco warned of significant oil market losses, while tankers navigated the Strait of Hormuz with tracking systems off.

SpaceX is preparing for a historic IPO, aiming for a $1.75-$2 trillion valuation and seeking to raise $75 billion by June 2026. Despite significant revenue growth from Starlink, the company reported substantial losses in 2025 and Q1 2026, largely due to heavy investments in its new AI unit following the xAI acquisition.

Iran's armed forces are prepared to retaliate after President Trump rejected Tehran's ceasefire proposal, escalating regional tensions. The dispute over the Strait of Hormuz, a critical oil route, has already caused significant energy supply shocks and threatens global food security, with the UN warning of a potential humanitarian crisis.

Brace for summer travel chaos! A new government plan could allow airlines to cancel over 100,000 flights, sparking concerns among airports about rising costs and passenger disruption. While airlines assure normal services, the government cites potential fuel shortages as a precautionary measure. The world watches as a decision looms.

Iran's chief negotiator insists Washington must accept Tehran's peace plan, warning of continued failure otherwise. President Trump, however, deemed Iran's response 'unacceptable,' escalating tensions. The ongoing conflict has triggered an energy shock, spiking oil prices and threatening global supply chains. Fighting also persists in Lebanon, with Hezbollah vowing to make the battlefield 'hell' for Israel.

Disgraced financier Jeffrey Epstein cultivated Middle Eastern connections and acquired rare Islamic artifacts, including pieces from the Kaaba, for a building on his private island he called a 'mosque.' Documents reveal his interest in Islamic architecture and his pursuit of Saudi Arabian business opportunities before his arrest and death.

Until now, the United States had largely focused its efforts on smaller Chinese companies and facilities in an attempt to curb Iran’s oil revenues, partly to avoid broader economic and diplomatic consequences.

A global promise to shift from fossil fuels faces significant hurdles. Economic ties to oil and powerful industry lobbying impede progress. Political will is also a key factor. Despite these challenges, renewable energy sources are expanding rapidly worldwide, offering a glimpse of future change.

Saudi Arabia has significantly increased its crude oil prices for Asian buyers amidst escalating Middle East tensions. This move, as global energy flows face disruption, sees Arab Light crude set at a record premium. Meanwhile, threats and counter-threats between the US and Iran have pushed oil prices well above $100 per barrel, impacting fuel costs worldwide.

Global crude oil markets are in a frenzy as a severe shortage drives intense competition for prompt deliveries. Physical oil prices have surged to unprecedented levels, with buyers vastly outnumbering sellers. This scramble, fueled by reduced Middle Eastern flows, is forcing refiners to consider scaling back operations, potentially worsening fuel shortages.

The Middle East's conflicts are analyzed through the lens of 'proxies and levers,' where state actors use non-state groups to project power and achieve strategic goals. This approach, while avoiding direct military costs, often results in prolonged violence, instability, and humanitarian crises, complicating peace efforts in the region.

The Middle East conflict's sixth week sees global energy markets reeling. Soaring crude prices offer windfalls to some Gulf producers like Iran and Saudi Arabia, despite export drops. Others, heavily reliant on the Strait, face severe revenue plunges. The disruption, following airstrikes on Iran, has led to significant oil supply shocks worldwide.

As the Middle East conflict disrupts global energy supplies, Saudi Arabia has activated its 1,200-kilometer East-West pipeline to maintain oil exports. This crucial inland route, rerouting crude to the Red Sea port of Yanbu, is now a pivotal alternative to the closed Strait of Hormuz, ensuring continued market access despite escalating tensions and past attacks.

Saudi Arabia is offering long-term oil buyers a new route via its Red Sea port of Yanbu, bypassing the disrupted Strait of Hormuz. This move aims to ensure supply continuity for April shipments, though pipeline capacity limits full allocations. Asian buyers, including China's Sinopec, are already adjusting refinery operations due to supply concerns, highlighting global uncertainty over the conflict's duration.

saudi aramco warns that ongoing conflict in the Strait of Hormuz could lead to catastrophic consequences for global oil markets, citing already low inventories and potential impacts on various industries. The company confirmed a small fire at its Ras Tanura Refinery following an attack, which has since been brought under control.

SpaceX, the world's most valuable private company, has reportedly filed confidentially for an initial public offering. This move brings Elon Musk's rocket and AI firm closer to a potential listing. The company is expected to seek a valuation exceeding $1.75 trillion. This could be the largest IPO in history, with a June listing anticipated.

Iran launched strikes on saudi aramco facilities and Kuwaiti refineries in retaliation for an Israeli attack on South Pars, warning of global "uncontrollable consequences" as oil prices surged. A projectile landed near Iran's Bushehr Nuclear Power Plant, raising safety concerns.

Iran escalated attacks on Gulf energy sites, hitting Saudi Arabia's SAMREF refinery and facilities in Qatar and Kuwait. These strikes, following an Israeli attack on Iran's South Pars gas field, caused global fuel prices to surge. Saudi Arabia, Qatar, and the UAE condemned the actions, while the US warned of retaliation if Iran continue

Valuations for saudi aramco vary by more than $1 trillion, according to fund managers who have seen banks’ research, underscoring the uncertainty hanging over what could be the world’s largest stock market listing.

Energy giant saudi aramco said it has struck a $12.4 billion deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.

State oil giant saudi aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter. But the company stuck with plans to pay $75 billion in dividends this year and CEO Amin Nasser said global oil demand was recovering after taking a hit in the second quarter.

New Delhi, Oct 8 () The world's top oil exporter saudi aramco today opened an office in India to boost its crude sales in the world's third-largest oil consuming nation.

saudi aramco is set to acquire a 20% stake in Reliance Industries’ refining and petrochem businesses for $15 billion. The second-largest foreign investment in India, subject to due diligence and regulatory approvals, will help RIL, India’s largest private sector company, cut its debt of Rs 1.54 lakh crore ($22 billion). Aramco will get one seat on RIL board.

Saudi Arabia’s oil giant saudi aramco has successfully raised $4 billion through a bond issuance. The move highlights strong investor trust in the company's financial stability. The issuance, part of a global program, was priced in January 2026 and completed in early February 2026. Proceeds will fund capital expenditures and diversification efforts. This strengthens Aramco's financial position and boosts confidence in Saudi Arabia's economy.

saudi aramco has reached a significant milestone, achieving 70% local content in its supply chain. This achievement strengthens Saudi Arabia's industrial base and diversifies its economy beyond oil. The program has created over 200,000 jobs and attracted substantial foreign investment. Aramco aims to increase local content to 75% by 2030, further enhancing national capabilities and economic resilience.

saudi aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said.

Kuwait's Mina Al-Ahmadi oil refinery faced another Iranian drone attack on Friday. Fires erupted at several units. This follows a similar incident a day earlier. Firefighters are working to control the blaze. The attacks are part of a wider escalation in the Gulf region. Energy supplies and global markets are affected