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China-Saudi energy alliance challenges global geopolitical balance

- Ahead of US President's visit to Middle East on May 13, agreements signed between China's Sinopec and Saudi Aramco underscore growing energy partnership between Beijing and Riyadh

12.05.2025 Energy Diplomacy

Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes

- World's biggest crude exporter announces net income of $106.2 billion in 2024

04.03.2025 Oil

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Saudi oil giant Aramco's net income drops 15.3% in 3Q24

- Decline linked to reduced crude oil prices and softer refining margins

05.11.2024 Oil

Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

-Company's revenue for January鈥揗arch period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year

07.05.2024 Oil Finance

Norway鈥檚 Equinor reports almost $2.67 billion net loss in 1Q24

- Company鈥檚 revenue for January鈥揗arch period totals $25.13 billion, compared to $29.22 billion for same quarter last year

25.04.2024 Oil Finance

Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day

- National oil company Saudi Aramco will refrain from increasing its oil capacity to 13 million barrels per day

30.01.2024 Oil Energy Diplomacy

TotalEnergies, Aramco convert oil from plastic waste for first time in MENA region

- Certified by International Sustainability and Carbon Certification, project aims to recycle plastics to circular polymers in Saudi Arabia

19.07.2023 Oil Middle East-Africa

China increases energy production in first quarter of 2023

- Country's lignite and coal imports see massive rise of 96.1% to 101.8 million tons in first quarter

19.04.2023 World Asia

French activists target TotalEnergies after $20.5B net profit revelation

- Alternatiba, Friends of the Earth activists spray-painted facade of company headquarters in Paris

08.02.2023 Finance Europe

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Saudi Arabia in talks to sell 1% stake in Aramco

- Firm's IPO is part of Vision 2030 initiative to steer country away from oil dependency

28.04.2021 Oil Energy Security Energy Projects Middle East-Africa

Brent leaps over alleged attacks on Aramco facilities

- Tensions in region were already heightened after cyber-attack on Iran鈥檚 main nuclear facility on Sunday

12.04.2021 Oil World Middle East-Africa

Aramco signs $12.4B infrastructure investment deal

- Newly-formed Aramco subsidiary, Aramco Oil Pipelines Company, will lease usage rights in Aramco鈥檚 stabilized crude oil pipelines network for 25-year period

10.04.2021 Oil Middle East-Africa General