Saudi Aramco

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

The conflict has effectively left Straits of Hormuz closed to commercial shipping, choking off a swath of oil, fuel and gas supply and jeopardising output in the energy-rich region if the situation persists.

Saudi Arabia races to reroute oil as Gulf storage fills up fast

With Hormuz effectively blocked, storage tanks are filling up at refineries and oil fields across the Persian Gulf

Saudi Aramco has asked some customers in Asia if they are able to lift oil cargoes from the city of Yanbu in Saudi Arabia’s Red Sea coast, sources say.

Aramco explores plan to export oil via Red Sea to avoid Hormuz

It typically exports its crude oil from ports within the Persian Gulf, but Sunday’s strike near the strait has led to a log jam of vessels

Saudi Aramco's Jafurah is expected to reach a sustainable production of 56.6 million cubic metres a day by 2030.

Saudi Aramco sells first condensate cargoes from Jafurah gas plant to US, India

The project is central to the firm’s ambitions to boost its gas output to become a major global natural gas player

Aramco is a key contributor to Saudi state finances, with large dividend payments supplementing royalties linked to crude sales.

Aramco raises US$4 billion in first bond sale of year

Saudi Arabia’s budget remains heavily dependent on oil revenue as the kingdom pursues an ambitious modernisation drive

The deals now being considered would mark a step up from previous transactions that were focused on stakes in pipeline infrastructure.

Saudi Aramco weighs raising billions of dollars from its biggest disposals yet

It’s weighing the sale of a stake in its oil export and storage terminals

The surprise earnings show some of the strain on Aramco easing after a sequence of lower profit in the past couple of years.

Aramco profit beats estimates in first sign of easing pressure

Net income adjusted for one-time items rose 0.8% to US$28 billion in the third quarter from a year earlier