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SAUDI GIANT OIL
Oil slide deepens as Saudi exports reach 90% of pre-war levelBrent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia...- Hormuz oil transits continue though attacks make owners waryVessel traffic through the Strait of Hormuz saw a dip as some shipping companies expressed reduced confidence following weekend attacks on ...
- Oil climbs following renewed US, Iran strikes in Middle EastOil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of...
- Oil prices dive as more tankers move through Strait of HormuzCrude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...
- Shipowners on edge for news on Hormuz as ‘dark’ oil flows swellShipowners are closely monitoring a potential US-Iran peace deal and its implications for the Strait of Hormuz. While some express caution,...
- Why oil’s not at $200 after the biggest supply shock in historyGlobal oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...
- AI companies are barreling toward huge Wall Street debuts. A look at the biggest playersFrom Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the tec...
- SpaceX, the sprawling company targeting the stars, Mars and an IPOElon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies on the neighboring planet. Musk, th...
- New UAE oil pipeline bypassing Hormuz 50% complete ahead of 2027 startIran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...
- 'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressuresHe accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...
- Iran war: Humanitarian crisis awaits if Strait of Hormuz is not opened now, UN Official warns. What are major problems that world may witness in case deadlock continues?Strait of Hormuz deadlock: Iran has had the strategic waterway -- through which a third of the world's fertilisers normally pass.
- 'Largest energy supply shock ever': Aramco CEO warns Hormuz crisis could delay oil market recovery till 2027Saudi Aramco's CEO Amin Nasser has predicted that the global energy markets may remain volatile until 2027 due to ongoing disruptions in th...
- AI-fuelled rally keeping global markets resilient despite oil shock, says Ed YardeniGlobal equity markets are defying geopolitical risks and high oil prices, with investors betting on economic resilience fueled by AI-driven...
- US bases in Gulf become Achilles heel as Iran inflicts 'unprecedented damage': ReportIran has caused significant damage to American military bases across the Gulf. Reports reveal extensive destruction at facilities in Kuwait...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- Iran war disrupts the circuit board supply chain, raises costs for tech firmsGlobal electronics face rising costs as Middle East conflict disrupts key material supplies. Printed circuit board prices have surged, impa...
- Oil tankers transiting Strait of Hormuz since start of Iran warOil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas suppli...
- Saudi oil giant Aramco reports $30B in Q2 profits, down nearly 40% from last yearSaudi Arabian Oil Co (Aramco) announced a 40% slump in profit in Q2 2022 to $30bn, driven by lower crude oil prices and weaker refining and...
- Oil giant Saudi Aramco has profits of $161 billion in 2022The oil giant Saudi Aramco announced that it earned a $161 billion profit last year. Higher crude oil prices propelled the profits. The ann...
- $320 billion shaved off Saudi Aramco's market-cap in two daysSaudi Aramco's capitalisation stands at $1.44 trillion, way below the $2 trillion sought by the kingdom.
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