• Loading stock data...

GLOBAL MARKETS

GWI names ACWA as world’s largest water project developer outside of China

ACWA Power, a Saudi-listed company and the world’s largest private water desalination company, has been recognized by Global Water Intelligence (GWI) as the world’s largest water project developer outside of […]

GWI names ACWA as world’s largest water project developer outside of China Read More »

Saudi Aramco to supply full oil volumes to some Asian refiners in June – sources

Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in June, several sources with knowledge of the matter said

Saudi Aramco to supply full oil volumes to some Asian refiners in June – sources Read More »

Saudi Aramco’s Q1 net profit slips on lower demand and prices

Saudi Aramco posted a year-on-year (YoY) drop in Q1 2023 net profit to $31.9 billion from $39.5 billion as lower demand for oil pressured prices, but said it plans to

Saudi Aramco’s Q1 net profit slips on lower demand and prices Read More »

Saudi Aramco to acquire 10% stake in China’s Rongsheng Petrochemical

Saudi Aramco has signed definitive agreements to acquire a 10 percent stake in Shenzhen-listed Rongsheng Petrochemical Co. (Rongsheng) for $3.6 billion (24.6 billion Chinese Renminbi), fortifying its presence in China’s

Saudi Aramco to acquire 10% stake in China’s Rongsheng Petrochemical Read More »

Saudi Arabia’s cement exports surge 67% in January 2023 – Aljazira Capital

Cement exports from Saudi Arabia surged 67.4 percent year-on-year to 638,000 tons in January 2023, Aljazira Capital said in its new report. In contrast, local sales for January 2023 stood

Saudi Arabia’s cement exports surge 67% in January 2023 – Aljazira Capital Read More »

OPEC sticks to 2022, 2023 oil demand growth forecasts after downgrades

    OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there

OPEC sticks to 2022, 2023 oil demand growth forecasts after downgrades Read More »

Saudi Arabia’s KAPSARC, China’s CNPC ink agreement to advance energy research and innovation

  The King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) on Tuesday with the Economics & Technology Research

Saudi Arabia’s KAPSARC, China’s CNPC ink agreement to advance energy research and innovation Read More »

Russia sanctions will be ‘key factor’ for OPEC decisions in 2023

The impact of Russian sanctions will be the biggest influence on the supply ‘call’ for OPEC in 2023, according to S&P Global Commodity Insights. One potential complication to deeper OPEC+

Russia sanctions will be ‘key factor’ for OPEC decisions in 2023 Read More »

Energy minister: World can’t bear two weeks without Saudi oil

Energy Minister Prince Abdulaziz Bin Salman said that the world cannot bear two or three weeks without Saudi oil exports. Addressing the 2nd edition of the Global Cybersecurity Forum on

Energy minister: World can’t bear two weeks without Saudi oil Read More »