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  • Saudi Aramco allocates full-term crude volumes to Asian buyers for Nov: sources

    Though full allocations could sap spot appetite, stronger demand from key economies such as China, Japan and India may sustain momentum when trade commences this month, trade sources said. "Saudi allocation will keep the spot market in a reasonable range, but the risk is demand, such as RongSheng tender, demand maybe very good this month," another crude oil trader in Singapore said.

  • Global hydrogen trade could be indexed to natural gas, carbon: Saudi Aramco

    "If you look at, for example, power [generation], the alternative would be, perhaps, carbon capture and natural gas," he said. "So, you might index it to those two; the cost of carbon and the natural gas price, as a dual index." Al Khowaiter said the life-cycle of production should be considered when analyzing emissions from hydrogen production.

  • Saudi Aramco hits $2T valuation on back of higher oil prices

    Its market cap value puts Aramco just behind Microsoft and Apple as the world’s most valuable company. It comes as crude oil prices climb to over $82 a barrel, the highest in seven years. Demand for energy is picking up, despite the ongoing coronavirus pandemic’s continued toll on travel and other key gas-guzzling sectors.

  • Saudi Aramco cuts November crude price to Asia by 40 cents/bbl

    Top oil exporter Saudi Arabia cut the November official selling price (OSP) to Asia for its flagship Arab Light crude to $1.30 a barrel above the Oman/Dubai average, the country's state oil producer Aramco (2222.SE) said on Tuesday.

  • Aramco Says Global Natural-Gas Crisis Is Boosting Oil Demand

    A shortage of gas has sent prices soaring in Europe and Asia to the equivalent of around $180 per barrel of oil, forcing some businesses to switch to crude products for their power. “There is higher demand,” Nasser said during an Energy Intelligence forum. “There is some shift we have seen from gas to liquids, especially in certain markets in Asia.”

  • Saudi Arabia Sees Record Inward Investment In Q2 Due To Aramco Pipeline Deal

    Saudi Arabia recorded its highest level of inward foreign direct investment (F.D.I.) in the second quarter of the year, with the figure soaring to $13.8 billion. It is the highest figure logged by the Saudi Central Bank (Sama) in records that go back to the start of 2006 and marks a dramatic rise on the performance of recent years.

  • Aramco and Golf Saudi launch double-header of Ladies European Tour golf tournaments in Jeddah

    The world’s best women’s golfers will be returning to Saudi Arabia in November for what will be the biggest week in professional women’s sport in the Kingdom — with 108 players competing for back-to-back $1 million tournaments on the Ladies European Tour. Hosted at the Royal Greens Golf Club, on the Red Sea Coast near Jeddah in King Abdullah Economic City, the Aramco Saudi Ladies International presented by Public Investment Fund take place from Nov. 4 to 7 and will be followed by the Aramco Team Series — Jeddah Nov. 10 to 12.

  • Reliance backs Saudi Aramco chairman as independent director

    Al-Rumayyan's inclusion to the board was widely seen as part of a process to formalise a deal to sell 20% stake in the Indian conglomerate's oil-to-chemical business to the world's top oil exporting company for $15 billion in 2019.

  • U.S. pension fund to vote against Aramco chair for Reliance board

    CalSTRS' voting decision is based on U.S. proxy advisory research firm Glass Lewis' recommendation, BloombergQuint reported on Friday. Reliance, owned by billionaire Ambani, had appointed Aramco's Yasir Al-Rumayyan as an independent director on July 19 in the process of formalising a deal it had struck with the Saudi Arabian company to sell 20% stake in its oil-to-chemicals business.

  • Italy’s Saipem signs investment MoU with Saudi Aramco

    Saipem, which has a framework agreement with Saudi Aramco it renewed earlier this year, has a fabrication yard in Saudi Arabia. A market leader in subsea exploration and construction, Saipem is looking to develop new lines of business to meet an increasing client focus on green technologies.