Saudi Aramco

Aramco seeks to raise over US$10b from property portfolio

[RIYADH] Saudi Aramco is considering plans to raise billions of US dollars from its real estate assets, including a sprawling campus that houses its headquarters in the kingdom’s Eastern Province.

On May 5, Aramco set the official selling price of June Arab Light crude oil to Asia at a premium of US$15.50 a barrel, down from US$19.50 in April.

Saudi crude exports to China set for record low in June amid high prices, sources say

Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month

Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter.

Saudi Aramco’s Q1 profit up 26% after Iran war-driven oil price rise

A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply artery’

Aramco uses the Dubai and Oman oil benchmarks to price its crude.

Saudi Arabia cuts oil prices for June from record-high premium

Global benchmark Brent has increased by more than 50% since the conflict started at the end of February

Saudi Aramco is set to ship around 20 million barrels of oil to China in May, traders say.

Saudi oil sales to China will halve as Hormuz crisis lifts prices

The cut follows the vital strait’s closure and upending of energy flows due to the Iran war

A two-week ceasefire deal between the US and Iran announced on Wednesday (Apr 8) lifted hopes for a reopening of the Hormuz strait.

Middle East producers prepare for oil export resumption via Hormuz: sources

Saudi Aramco has asked its clients to submit nominations for cargoes loading from the ports of Yanbu and Ras Tanura in May

Saudi Aramco raised prices of the Arab Light grade by US$17 a barrel for May, the biggest jump on record.

Saudis raise Asia oil to record premium as war upends market

The conflict is forcing a shift in oil flows as the vital Strait of Hormuz remains largely shut

Saudi Aramco plans to launch a process to sell a stake in its oil export and storage terminals business in the coming weeks.

Saudi Arabia, Kuwait to pursue energy deals despite war

Gulf states are keen to portray a business-as-usual approach despite Iran’s attacks

The producer is trying to boost crude exports via Yanbu to offset the Strait of Hormuz disruption, with loadings seen rising to record volumes in March.

Saudi Aramco cuts oil supply to Asia for second month in April

Saudi Arabia has exported 4.355 million barrels per day of crude so far in March