EghtesadOnline: Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.
EghtesadOnline: Saudi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its facilities, trade sources said on Monday.
EghtesadOnline: The government of Saudi Arabia has apparently exaggerated the scale and scope of drone attacks on its oil processing facility on Sept. 14.
EghtesadOnline: Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering.
EghtesadOnline: Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the U.S. and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended production cuts to help curb a global glut.
EghtesadOnline: The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.
EghtesadOnline: Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.
EghtesadOnline: Saudi Arabia will spend at least half the money it raises by selling shares in the state oil company on domestic investments, Deputy Crown Prince Mohammed bin Salman said in a rare televised address to a nation that’s shown signs of uncertainty over his austerity plans.
EghtesadOnline: Taking part in the much-anticipated IPO of Saudi Arabian Oil Company, known as Saudi Aramco, is not off the table for oil major Total SA because it could be a "good investment", the French group’s chief executive said on Thursday.
EghtesadOnline: The global oil market is moving closer to balance even as increases in U.S. oil production push prices down in the short-term, Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser said.