Keywords: Aramco
Houthi rebels in Yemen, backed by Iran, claimed responsibility on Sunday for a series of attacks that killed at least 11 people, including civilians and government forces, as a fragile truce that had been in place since 2022 collapsed last month. The Houthis also said they had targeted an oil refinery......
Saudi Aramco has warned that the disruption of oil shipments through the Strait of Hormuz could have long-lasting consequences for global energy markets, with depleted oil inventories potentially requiring up to 18 months to recover, even if normal shipping operations resume immediately. According to......
Fourteen Saudi nationals were killed after a helicopter operated by state-owned energy giant Saudi Aramco crashed early Sunday near the eastern coastal city of Ras Tanura, Saudi authorities confirmed. According to the Saudi Press Agency (SPA), the aircraft went down at approximately 6:00 a.m. local......
Saudi Aramco reported a significant increase in first-quarter profits as rising oil prices and strong energy demand boosted revenues during a period of heightened geopolitical tensions in the Middle East. The Saudi energy giant announced a 25% rise in net profit for the first three months of the year,......
Saudi Arabia has announced the full restoration of oil transport capacity on its strategic East-West pipeline, reaching approximately seven million barrels per day, following recent attacks linked to regional tensions. The announcement comes after several energy facilities across the kingdom were affected......
French energy company TotalEnergies has confirmed the temporary shutdown of the Satorp refinery in Saudi Arabia following recent attacks that damaged part of the facility. The decision was taken as a precautionary safety measure after incidents occurred during the night of April 7 to 8. According to......
Freight rates for tankers carrying Saudi crude from Yanbu on the Red Sea to Asia collapsed this week. They fell from over $450,000 per day in early March to about $200,000 per day. A growing fleet converged on this Saudi export hub after the Strait of Hormuz closure disrupted global oil logistics. The......
Saudi Aramco expects to reach the full capacity of its East West crude oil pipeline within days as Saudi Arabia works to maintain exports while the Strait of Hormuz remains effectively closed due to Iranian military control. Chief Executive Amin Nasser warned that the crisis represents the most serious......
Saudi Arabia’s state energy giant Saudi Aramco is reportedly redirecting part of its crude exports toward the Red Sea in an effort to reduce reliance on the Strait of Hormuz, as heightened regional tensions disrupt maritime traffic in the Gulf. According to market sources and industry analysts,......
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