Latest news and articles about Aramco from NEX English
The CEO of Saudi Aramco has stated that risks associated with the Strait of Hormuz may delay the recovery of the global oil market until 2027. This statement comes amid significant fluctuations in oil prices due to geopolitical crises.
Saudi Arabia plans to increase its oil export capacity through Yanbu to over <strong>5 million barrels per day</strong>, as announced by Aramco's CEO Amin Nasser. This initiative comes amid shipping disruptions in the Strait of Hormuz due to the Iranian conflict.
Amin Nasser, CEO of Aramco, stated that the energy supply shock experienced in the first quarter of 2023 is the largest ever recorded. He emphasized that reopening the Strait of Hormuz would not restore market balance for several months.
Amin Nasser, CEO of Aramco, has warned of a potential long-term disruption in oil markets due to the possible closure of the Strait of Hormuz. This warning comes as the company reports record profits thanks to rising prices and the redirection of its exports through an alternative pipeline.
Amin Nasser, CEO of Aramco, announced that the world has lost approximately <strong>one billion barrels</strong> of oil in the past two months, significantly impacting energy markets. He emphasized that stabilizing these markets will take time, even with the resumption of oil flow.
Saudi Aramco has reported record profits in the first quarter of the year, exceeding analysts' expectations due to a significant rise in oil prices driven by global conflicts. These results demonstrate the company's ability to adapt to economic challenges.
Saudi Aramco announced a net income of <strong>$33.6 billion</strong> for the first quarter of 2026, reflecting its robust performance amid energy market fluctuations. This growth was driven by rising oil prices and increased sales.
Saudi Aramco announced a net profit increase of 25.5% in the first quarter of this year compared to the same period last year, driven by rising oil and gas prices amid Middle East conflicts. This growth occurs as global markets face uncertainty due to the ongoing strife.
Amin Nasser, CEO of Aramco, revealed that the world has lost approximately <strong>one billion barrels</strong> of oil over the past two months, warning that a return to normalcy in energy markets will take a long time.
The competition between Saudi Arabia's oil and digital giants is intensifying as both sectors strive to strengthen their positions in the global market. This rivalry is part of Saudi Vision 2030, aimed at diversifying the economy.
Saudi Aramco announced today the official selling price for Arab light crude in June for Asian buyers at a premium of <strong>$15.50</strong> per barrel, marking a decrease from the previous month.
Saudi Aramco has announced the continuation of its suspension of liquefied petroleum gas (LPG) shipments throughout May, exacerbating the global supply crisis. This decision follows damage to its main export facilities in February.
Sources in the oil and gas industry announced that Saudi Aramco has suspended liquefied petroleum gas (LPG) shipments until May due to damage at its main export facility. This decision raises concerns about global gas supply and pricing.
Saudi Arabia has successfully restored a pumping capacity of <strong>7 million barrels</strong> per day through the East-West pipeline, showcasing Aramco's resilience and efficiency in crisis management. This rapid recovery follows intensive operational and technical efforts.
The Saudi Ministry of Energy announced the successful restoration of the East-West pipeline to its full capacity after being affected by the US-Israeli war on Iran. Additionally, production from the Manifa field has been restored, while efforts continue to recover production in the Khurais field.
Saudi energy companies listed on the financial market recorded profits of approximately <strong>92.54 billion dollars</strong> in <strong>2025</strong>, overcoming global market challenges. Although profits declined compared to the previous year, the overall performance reflects a strategic shift in the sector.
The Saudi Ministry of Energy announced the successful restoration of operational capacity for energy facilities and the East-West pipeline after attacks led to a loss of approximately 700,000 barrels per day. This reflects the sector's resilience.
The Saudi Ministry of Energy announced the successful restoration of full pumping capacity through the East-West pipeline, following a loss of approximately <strong>700,000 barrels per day</strong>. This achievement comes after operational and technical efforts to recover production from the Al-Munif and Khurais fields.
A Jordanian official announced that the country imported two million barrels of oil from Saudi Aramco via the Yanbu port, highlighting ongoing energy cooperation between the two nations. The official confirmed that liquefied natural gas shipments continue to arrive in Jordan without issues.
American golfer Alison Lee participated in the 'Aramco - Shenzhen' tournament, emphasizing the crucial role of women in golf and praising the progress made in this field. Her participation aims to inspire more women and girls to engage in sports.
The Saudi stock market witnessed a notable increase at the start of today's trading, led by Aramco's shares, which rose by 0.59% to reach 27.16 SAR. This positive performance contributed to a 0.44% rise in the general index, reaching 11,139 points.
Saudi oil giant Aramco successfully navigated the energy crisis that arose following the closure of the Strait of Hormuz, a crucial maritime route for oil transportation. The company's strategic measures ensured supply continuity amidst geopolitical challenges.
SpaceX, owned by Elon Musk, is set to file for an initial public offering soon, potentially making it the largest IPO in financial market history. The company aims to raise over $75 billion, surpassing the previous record held by Saudi Aramco.
Saudi Aramco, the world's largest oil exporter, has announced a reduction in crude oil supplies to buyers in Asia for the second time this April. This decision is a response to the impacts of the ongoing conflict involving the US, Israel, and Iran on trade through the Strait of Hormuz.