The Latest Breaking News from Saudi Aramco

Andrew Liveris says his position at Saudi Aramco means he ‘knows the solutions’ as he presides over climate-positive games

President and CEO of Saudi Aramco, Amin bin Hassan Nasser, emphasized the need for a more reliable energy transition plan, in a keynote speech on Tuesday at the Schlumberger Digital Forum. In his speech, Nasser underlined the importance of achieving a new global consensus of views and positions, outlining three…

Amin Nasser says plans to cap bills and tax energy companies are not long-term solutions

The Second Global Artificial Intelligence (AI) Summit, underway in Riyadh, witnessed Tuesday the launch of Tammayuz center, which belongs to the “Global AI Corridor” launched by Saudi Aramco in partnership with Beyond Limits, a US-based artificial intelligence company. The center was floated in cooperation with the California Institute of Technology…

The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels

Saudi Arabia cut oil prices for customers in Asia and Europe as Covid-19 lockdowns and sagging economies cool energy demand in the two regions.

Dr. Sadad Al Husseini, the former executive vice president of Saudi Aramco and founder of Husseini Energy, a Saudi Arabian energy company, was on CNBC Monday commenting about natural gas supply and demand and the effect of sanctions on Russia and the global economy.

IMF says it expects region’s oil and gas exporters to benefit from high prices over next four years

The $48bn figure from world’s biggest oil firm is thought to be one of largest quarterly profits in history

Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.

Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.