Posts filtered by tags: Saudi Aramco[x]


 

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.
Tags: Money, businessNews, New Delhi, Ioc, Saudi Aramco, Indian Oil Corp, Indian Oil Corp Ltd IOC


Saudi Aramco to supply extra 2 million barrels a month to Indian Oil from July

Saudi Aramco will supply Indian Oil Corp Ltd an extra 2 million barrels of crude every month during July-December, an executive of the state-run Indian company said on Friday, as New Delhi looks to make up for the loss of supplies from Iran due to U.S. sanctions.
Tags: Money, Iran, businessNews, New Delhi, Saudi Aramco, Indian Oil Corp Ltd


Satellite image shows Saudi pump station after drone attack

DUBAI, United Arab Emirates (AP) — A satellite image obtained by The Associated Press shows one of the two pumping stations attacked by drones in Saudi Arabia apparently intact. The image from San Francisco-based Planet Labs Inc. that the AP examined on Wednesday shows Saudi Aramco’s Pumping Station No. 8 outside of the town of […]
Tags: News, Saudi Arabia, San Francisco, Ap, Nation, Associated Press, Saudi Aramco, DUBAI United Arab Emirates, Planet Labs Inc


Yemen’s Houthi Rebels Attack Saudi Oil Facilities, Escalating Tensions in Gulf

The attacks by the Iranian-backed Houthis came after reports of attacks on oil tankers. The incidents stoked fears of a military clash with Iran.
Tags: News, Saudi Arabia, United Arab Emirates, Yemen, Gulf, Saudi Aramco, Houthis, Oil (Petroleum) and Gasoline, Pipelines, Falih, Khalid al


Goldman Sachs bought Commerzbank's claim in #Saudi's biggest debt saga: sources - Reuters

Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga: sources - Reuters:Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said.The U.S. investment bank bought $100 million of TIBC debt from Germany’s Commerzbank at the end of last year, two of the sources said, reflecting Goldman’s increased interest in Saudi ...
Tags: Travel, Saudi Arabia, Germany, Goldman Sachs, Goldman, Reuters, Saudi Aramco, Commerzbank, Rupert Neil Bumfrey, International Bank Corporation TIBC, Jamal Khashoggi Goldman Sachs


Oil prices rise over 1% on drone attack on Saudi Aramco facilities - Reuters

Oil prices rise over 1% on drone attack on Saudi Aramco facilities - Reuters:Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.That move higher comes as the market waits for a report from the American Petroleum Institute (API), an industry group, which is expected to show U.S. crude stockpiles fell by 800,000 barrels last week, their secon...
Tags: Travel, Saudi Arabia, Iran, Api, Reuters, Saudi Aramco, Rupert Neil Bumfrey, U S Energy Information Administration EIA, American Petroleum Institute API


#Saudi Pipeline Attack Highlights Risk to Middle East Oil Exports - Bloomberg

Saudi Pipeline Attack Highlights Risk to Middle East Oil Exports - Bloomberg:The Yemeni rebel drone attack that forced Saudi Arabia to temporarily shut its main cross-country oil link highlights risks to crude exports from the Persian Gulf as U.S. efforts to eliminate Iran’s oil exports inflame regional tensions.Why does the attack matter?State oil giant Saudi Aramco is the world’s largest crude exporter, and Saudi Arabia sees its role in global oil markets as helping to balance supply and deman...
Tags: Travel, Saudi Arabia, Bloomberg, Iran, Middle East, Strait Of Hormuz, Saudi Aramco, Persian Gulf, Rupert Neil Bumfrey


Saudi Arabia Says Drones Hit Oil Pipeline, After Reports of Tanker Attacks

The Iranian-backed Houthi rebels in Yemen claimed to have carried out a drone attack on Saudi facilities. The incidents stoked rising fears of a military clash with Iran.
Tags: News, Saudi Arabia, United Arab Emirates, Yemen, Saudi Aramco, Houthis, Oil (Petroleum) and Gasoline, Pipelines, Falih, Khalid al


Saudi Aramco bets on oil supply to Europe, trading expansion

Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said. Aramco, the world’s biggest oil producer, is expanding its downstream, or refining and marketing, footprint globally by signing new deals and boosting the capacity of its plants to secure new markets for its crude. The company's trading arm has been focusing on a n...
Tags: Europe, Science, London, Aramco, Saudi Aramco


Exclusive: Saudi Aramco bets on oil supply to Europe, trading expansion

Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said.
Tags: Europe, London, Money, businessNews, Saudi Aramco


Oil Rises as #SaudiArabia Reports Drone Attacks on Pump Stations - Bloomberg

Oil Rises as Saudi Arabia Reports Drone Attacks on Pump Stations - Bloomberg:Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend.Futures rose 0.6% in New York after falling 1% on Monday in tandem with equity markets. Unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend operations in the area to assess what the kingdom ...
Tags: Travel, New York, Saudi Arabia, Nigeria, Bloomberg, Middle East, United Arab Emirates, Norway, Saudi Aramco, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey


Oil prices jump on drone attack on #Saudi Aramco facilities - Reuters

Oil prices jump on drone attack on Saudi Aramco facilities - Reuters:Oil prices rose on Tuesday after the world’s top oil exporter Saudi Arabia said explosive-laden drones had attacked two pumping stations belonging to state oil company Aramco.Brent crude futures were at $70.79 a barrel at 1035 GMT, up 56 cents or 0.80%. U.S. West Texas Intermediate (WTI) crude futures were at $61.35 per barrel, up 31 cents or 0.51%. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Reuters, Saudi Aramco, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Aramco Brent


Feel-good factor suggests #Saudi economy has turned corner | Arab News

Feel-good factor suggests Saudi economy has turned corner | Arab News:Just how real is Saudi Arabia’s economic recovery? At the Financial Sector Conference in Riyadh a few weeks back, there was lots of optimism in the air, some positive news on the government budget, and some anecdotal evidence that a corner has been turned.The budget surplus in the first quarter this year was the first since 2014, and though it turned out that factored in a big dividend payment from Saudi Aramco, there was stil...
Tags: Travel, Saudi Arabia, Kingdom, Riyadh, Aramco, Saudi Aramco, Rupert Neil Bumfrey


The Low Carbon Coast

Recently, the eyes of the world have turned to Olympia, where a battle is underway between the past and the future that ought to settle the future of clean fuels on the US West Coast and in the state of Washington in particular. You see, Washington state has passed a low carbon fuel standard that would have it join itself to the standards already enacted in California, Oregon and British Columbia and under development now for the whole of Canada. The establishment of a clear and steady signal o...
Tags: California, Washington, Oregon, US, Canada, Top Stories, Seattle, Boeing, Pacific Ocean, British Columbia, Pacific Northwest, Exxon, United Airlines, Columbia, Nrel, Saudi Aramco


#Saudi Aramco Is Said to Consider Shale Investment With Equinor - Bloomberg

Saudi Aramco Is Said to Consider Shale Investment With Equinor - Bloomberg:Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration, according to people familiar with the matter. The state-run company, known officially as Saudi Arabian Oil Co., is considering investing in Equinor’s Marcellus shale operations through a joint venture or by buying a stake, the peop...
Tags: Travel, Aramco, Saudi Aramco, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Equinor, Equinor ASA, Equinor Bloomberg, Representatives for Aramco


#Saudi Aramco Said to Give Extra Oil to Crude-Hungry Asian Buyers - Bloomberg

Saudi Aramco Said to Give Extra Oil to Crude-Hungry Asian Buyers - Bloomberg:Saudi Arabia is set to supply more crude to oil-starved Asian refiners, and extract a heavy price for it.State-run producer Saudi Aramco will sell additional cargoes to customers in the world’s biggest oil-consuming region for June loading, according to people with knowledge of the matter. The shipments will be on top of those scheduled under long-term crude contracts, they said, asking not to be identified because the ...
Tags: Travel, Saudi Arabia, Russia, Nigeria, Bloomberg, Iran, Middle East, Venezuela, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Saudi Aramco Said to Give Extra Oil


Top Oil Buyers Said to Seek More Saudi Crude Amid Disruption - Bloomberg

Top Oil Buyers Said to Seek More Saudi Crude Amid Disruption - Bloomberg:Oil refiners in Asia are asking Saudi Arabia for more crude as the world’s top consuming region deals with supply disruptions from Iran to Venezuela, according to people with knowledge of the matter.Customers are seeking additional cargoes for loading in June and July from OPEC’s biggest producer, the people said, asking not to be identified because the information is confidential. The requests are for supplies on top of wh...
Tags: Travel, Asia, Saudi Arabia, China, Russia, India, Nigeria, Opec, Bloomberg, Iran, Venezuela, Saudi Aramco, Rupert Neil Bumfrey


I’ve spent nearly my entire career working on Wall Street and I’ve realized one of the most commonly used refrains is totally wrong

Junta Nakai has spent his career on Wall Street and in financial technology.  In this op-ed, Nakai argues that the common refrain that "data is the new oil" is inaccurate.  While data has potential to drive revenue growth and cut costs, most companies don't have the expertise to get real value from it, he says.  "Data is the oil of the 21st century" is commonly quoted in corporate America today. These eight words embody the excitement and promise that data has the power to redefine comm...
Tags: Apple, Facebook, Microsoft, Wall Street, Americas, America, Trends, Opec, Netflix, Asia Pacific, Goldman Sachs, Financial Services, Jamie Dimon, Idc, Saudi Aramco, Moore


#Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza - Bloomberg

Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza - Bloomberg:The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.Saudi Aramco is building facilities to tap shale gas in the kingdom’s oil-rich eastern region and is making “a lot of progress” toward this goal, Chief Executive Officer Amin Nasser told reporters in Dammam, Saudi Arabia. Plans include a plant to desalinate seawater ...
Tags: Travel, Aramco, Saudi Aramco, Nasser, Rupert Neil Bumfrey, Dammam Saudi Arabia, Amin Nasser, Next Energy Bonanza Bloomberg


Would Any Atrocity Turn Off Investors to Saudi Arabia?

The kingdom this week executed 37 “terrorists” after torture and sham trials. Corporations and governments should demand an end to the kingdom’s egregious violations of human rights.
Tags: News, Saudi Arabia, Torture, Jared, Trump, Saudi Aramco, Jamal, Kushner, Hathloul, Foreign Investments, Donald J, United States International Relations, Human Rights and Human Rights Violations, Mohammed bin Salman (1985-, Khashoggi, Loujain al


Investors Shower Money on a Land That Beheads and Crucifies Its People

The kingdom this week executed 37 “terrorists” after torture and sham trials. Corporations and governments should demand an end to the kingdom’s egregious violations of human rights.
Tags: News, Saudi Arabia, Torture, Jared, Trump, Saudi Aramco, Jamal, Kushner, Hathloul, Foreign Investments, Donald J, United States International Relations, Human Rights and Human Rights Violations, Mohammed bin Salman (1985-, Khashoggi, Loujain al


#Saudi Telecom hires banks for debut dollar sukuk - Reuters

Saudi Telecom hires banks for debut dollar sukuk - Reuters:State-run Saudi Telecom has hired six banks to arrange its first issue of U.S. dollar-denominated sukuk, or Islamic bonds, the company said on Thursday.Saudi corporates are increasingly expected to tap the international debt markets following the inclusion of Saudi government and quasi-government debt in key JP Morgan emerging market bond indexes this year.The recent jumbo inaugural bond by state-owned oil giant Saudi Aramco has also att...
Tags: Travel, Jp Morgan, Reuters, Saudi Aramco, Rupert Neil Bumfrey, Saudi Telecom


Aramco's bond is 'only the beginning', #Saudi energy minister says - Reuters

Aramco's bond is 'only the beginning', Saudi energy minister says - Reuters:Saudi Aramco, the world’s biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was “only the beginning”, Saudi Energy Minister Khalid al-Falih said on Wednesday.Falih, speaking at a financial conference in Riyadh, also said Aramco would access the equity markets earlier than expected after the company gained exposure among investors through the bond sale....
Tags: Travel, Saudi Arabia, Reuters, Riyadh, Aramco, Saudi Aramco, Khalid al Falih, Rupert Neil Bumfrey, Falih


#Saudi Bourse Chief Sees Foreign Bets in Market Soaring - Bloomberg

Saudi Bourse Chief Sees Foreign Bets in Market Soaring - Bloomberg:The chief of Saudi Arabia’s stock exchange predicts ownership of equities by foreigners will triple by 2022, driven by flows from index trackers, as the country awaits the listing of its crown-jewel, Saudi Aramco.“Since we opened up the market, we wanted to make sure we have enough companies, diversified sectors and industries,” Khalid Al Hussan, chief executive officer of the $573 billion Saudi stock exchange, said in an intervi...
Tags: Travel, Saudi Arabia, Bloomberg, Riyadh, Saudi Aramco, Aramco IPO, Rupert Neil Bumfrey, MSCI Inc, Khalid Al Hussan, HUSSAN


Aramco floats downstream in deals flurry | Arab News

Aramco floats downstream in deals flurry | Arab News:Suddenly, Saudi Aramco is a blurred frenzy of corporate activity. In a little under a month, the KSA oil giant has pulled off some of the biggest deals in the business world this year, and enhanced its reputation beyond crude oil into the fields of finance, petrochemicals and refining. Whatever next?Since late last month, when Aramco announced it had agreed terms to clinch the purchase of a majority stake in SABIC — the biggest corporate trans...
Tags: Travel, South Korea, Kingdom, Royal Dutch Shell, Ksa, Aramco, Saudi Aramco, SABIC, Rupert Neil Bumfrey, Hyundai Oilbank, Reliance Industries of India


Aramco to buy Shell's stake in Saudi refining JV for $631 million

Saudi Aramco will acquire Royal Dutch Shell's 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday.
Tags: Money, businessNews, Royal Dutch Shell, Shell, Saudi Aramco


Why #SaudiArabia needs dollars to kick its oil habit

Why Saudi Arabia needs dollars to kick its oil habit:The major headline out of Saudi Arabia last month was that the country's big state-owned oil company, Saudi Aramco, bought 70 percent of the country's big state-owned petrochemical company, the Saudi Basic Industries Corporation. ("Sabic," for short.) What's more, they carried out the purchase in U.S. dollars.Off the top of your head, that might sound weird: What's the point of one government-owned entity buying another? And why use U.S. dolla...
Tags: Travel, Saudi Arabia, Saudi Aramco, Rupert Neil Bumfrey, Saudi Basic Industries Corporation Sabic


Business Quietly Returns to Saudi Arabia After Khashoggi’s Murder

Six months after agents from Saudi Arabia dismembered the writer Jamal Khashoggi, investors are no longer shying away from doing business with the kingdom.
Tags: News, Saudi Arabia, Saudi Aramco, Google Inc, Foreign Investments, JPMorgan Chase & Company, SOFTBANK Corporation, Mohammed bin Salman (1985-, Khashoggi, Jamal Khashoggi


Aramco plans to buy Shell's stake in Saudi refining JV- sources | ZAWYA MENA Edition

Aramco plans to buy Shell's stake in Saudi refining JV- sources | ZAWYA MENA Edition:Saudi Aramco plans to buy Royal Dutch Shell's 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday.One of the sources said an agreement has been reached between Aramco and Shell.Aramco and Shell declined to comment. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Royal Dutch Shell, Shell, Aramco, Saudi Aramco, Shell Aramco, Rupert Neil Bumfrey


Aramco plans to buy Shell’s stake in Saudi refining JV, say sources: Reuters

Saudi Aramco plans to buy Royal Dutch Shell’s 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday. One of the sources said an agreement has been reached between Aramco and Shell. Aramco and Shell declined to comment. Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd). Shell has sold over $30 billion of assets in recent years as ...
Tags: Saudi Arabia, Trends, Royal Dutch Shell, Shell, Reuters, Aramco, Saudi Aramco, Shell Aramco, PE Deals, Energy Intelligence, Jubail Industrial City, Energy/Power, SASREF, Saudi Aramco Shell Refinery Co