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Oil Price
Oil Jumps as EU Weighs Russian Embargo
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w…
SINOPEC
Aramco in Discussions with Sinopec on Downstream Ventures
Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…
Oil Price
Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
Crude Oil
Japan and Saudi Arabia to Work Toward Stabilizing Crude Oil Markets
Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed Thursday to bolster cooperation on stabilizing global crude oil markets…
Crude Oil
U.K. PM Visits Saudi Arabia to Find Alternative to Russian Oil
U.K. Prime Minister Boris Johnson has arrived in Saudi Arabia, hoping to discuss boosting oil production to counter Russia's influence on oil prices.
Crude Oil
Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns
Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Sau…
PV Moisture-Wicking Tech Gives New Meaning to “Solar Farm”
Researchers at Saudi Arabia’s King Abdullah University of Science and Technology now report a more sustainable and low-cost solution to produce enough water fr…
Crude Oil
Saudi Considering China’s Yuan for Oil Purchases
Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.
United Kingdom
UK Prime Minister Johnson to Visit Saudi Arabia for Oil and Gas Talks
Boris Johnson will meet Crown Prince Mohammed bin Salman on Tuesday in a bid to have oil and gas production boosted.
Crude Oil
Aramco Takes FID to Build Refinery and Petrochemical Complex in China
Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…
Saudi Arabia
Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected
A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.
Solar Technology
Solar and Spinach Could Offer Low Carbon Path for Crop Yields in Deserts
New solar technology maximises electricity generation and boosts crop production.
Crude Oil
Ukraine Crisis Provides 'Renewed Focus' on Gulf Hydrocarbons
Saudi Arabia, Qatar and UAE are all set to capitalise on the realignment of global energy and Europe's diversification of Russian energy supplies.
Oil Price
UAE, Saudi Arabia Decline Talks with Biden amid Oil Price Surge
Crown Prince Mohammed bin Salman of Saudi Arabia and Sheikh Mohammed bin Zayed declined requests for direct communication with President Biden in recent weeks.
Saudi Arabia
Saudi Arabia Signs Power Purchase Agreements for Solar Projects Worth $665m
Saudi Arabia has awarded contracts for two new solar projects with a combined capacity of one gigawatt as the kingdom continues to add renewable energy to its…
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