Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies on the neighboring planet. Musk, th...

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...

Strait of Hormuz deadlock: Iran has had the strategic waterway -- through which a third of the world's fertilisers normally pass.

Saudi Aramco's CEO Amin Nasser has predicted that the global energy markets may remain volatile until 2027 due to ongoing disruptions in th...

Global equity markets are defying geopolitical risks and high oil prices, with investors betting on economic resilience fueled by AI-driven...

Iran has caused significant damage to American military bases across the Gulf. Reports reveal extensive destruction at facilities in Kuwait...

The United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...

Global electronics face rising costs as Middle East conflict disrupts key material supplies. Printed circuit board prices have surged, impa...

Oil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas suppli...

Oil tankers are successfully transiting the Strait of Hormuz. Vessels from various nations are carrying crude oil and refined products to d...

Iran's Revolutionary Guard claimed responsibility for attacking Saudi Arabia's Jubail petrochemical complex. This action was reportedly a r...

Saudi 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...

The oil giant Saudi Aramco announced that it earned a $161 billion profit last year. Higher crude oil prices propelled the profits. The ann...

Aramco - which listed in 2019 in a record $29.4 billion share sale - is likely to "do the heavy lifting" to boost state coffers and support...

Saudi Aramco's capitalisation stands at $1.44 trillion, way below the $2 trillion sought by the kingdom.

While there were trading spikes around certain events, they proved short-lived.