Oil contracts are trading at heavy losses after the slowdown in the world’s second largest economy, China, raised new fears about global crude demand. In particular, his contract Brent October delivery is falling 4.65% or $4.8 with its price falling to $93.67 the barrel. The American one follows a similar course WTI which sees its […]
Tag: Saudi Aramco
Strong plunge of 5% in the price of oil after the ‘cold shower’ from China
LAST UPDATE 15:30 Oil contracts are trading at heavy losses after the slowdown in the world’s second largest economy, China, raised new fears about global crude demand. In particular, his contract Brent October delivery is falling 5.12% or $5 with its price having fallen to $93.12 the barrel. The American one follows a similar course […]
Strong plunge of 4% in the price of oil after the ‘cold shower’ from China
LAST UPDATE 17.57 Oil contracts are trading at heavy losses after the slowdown in the world’s second largest economy, China, raised new fears about global crude demand. In particular, his contract Brent October delivery is falling 4.01% or $3.94 with its price having fallen to $94.25 the barrel. The American one follows a similar course […]
Saudi Aramco: 90% jump in second quarter profits
Saudi Aramco reported a 90% jump in second-quarter profit on Sunday, beating analysts’ expectations, boosted by higher oil prices, volumes sold and refining margins. The company expects “oil demand to continue to grow for the rest of the decade, despite downward economic pressures in the near-term global forecast,” Aramco Chief Executive Amin Nasser said in […]
Oil company Saudi Aramco surpasses Apple on a six-monthly basis
The fall in stock market prices since the start of the war in Ukraine has upended the ranking of the 100 most valuable listed companies. Saudi oil company Saudi Aramco has displaced Apple into second place in the first half of the year, according to a study by auditing and consulting firm EY, reports Handelsblatt. […]
Saudi Arabia to send less oil to China – Normally exports to other Asian countries
Oil supplies from Saudi Arabia will be reduced to some Chinese buyers next month, and will fully meet the demands of other buyers in Asia, at a time when OPEC + has pledged to accelerate oil production growth, according to broadcasts Bloomberg. Japan, South Korea, Thailand and India will receive the requested quantities of oil, […]
Saudis raise oil prices more than expected amid Asian recovery
Saudi Arabia has pushed up oil prices for its largest market, Asia, more than expected as demand rises as the region’s major economies loosen coronary restrictions. The increase for July shipments continues a series of increases that began in February and only stopped when state-owned producer Saudi Aramco cut prices from record levels for this […]
Saudi Aramco’s profits skyrocket as oil prices and production jump
Saudi Aramco has recorded the highest gains since its listing, after oil prices soared in the wake of Russia’s invasion of Ukraine, according to Bloomberg. Aramco, which last week overtook Apple to become the most valuable listed company in the world, followed Big Oil’s competitors such as Shell Plc and BP Plc, announcing fire profits […]
Suadi Aramco who surpassed Apple and its relationship with sports
The oil giant “Saudi Aramco” surpassed the American company “Apple”, as the most valuable company in the world. According to the website FactSet – which converted its market value into dollars – the valuation of the national hydrocarbon company of Saudi Arabia on Wednesday (11/5) was just under 2.430 billion dollars, while that of Apple […]
Attack on storage facilities of the oil giant Aramco in Jeddah
LAST UPDATE: 20:20 The Yemeni group Houthi announced today that it had launched attacks on Saudi energy facilities and the Riyadh-led military coalition fighting the group in Yemen announced that the oil giant’s oil refinery in the southern part of the country had been hit. , without causing casualties. The fire was brought under control […]