Saudi Aramco

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

Aramco shipped 7.2 million barrels a day of crude in February, before Iran effectively blocked Hormuz.

Saudis offer oil buyers Red Sea option amid Hormuz crisis

Buyers who choose it will get only a portion of their monthly supply due to limited pipeline capacity

Aramco's president and CEO Amin Nasser noted global inventories of oil were at a five-year low and said the crisis will lead to drawdowns at a faster rate.

Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked

Shipping and insurance disruptions now trigger domino effects across other industries

The company has been rerouting some of its crude cargoes to the Red Sea port of Yanbu.

Saudi Aramco reducing output at two oilfields: sources

The specific fields affected and the extent of curtailed production are not immediately clear