Saudi Aramco

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Providence Resources: Barryroe Well

Shares in Providence Resources rose on Friday as the oil and gas explorer appointed a British industry veteran and expert on its Barryroe project to i(...)

Three-phase spheroids stand behind pipelines at Saudi Aramco’s crude oil processing facility, in Abqaiq, Saudi Arabia.

Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25 per cent fall in first-quarter net profit, missing analyst estimates, bu(...)

The world’s largest oil exporter is facing a second crisis caused by the meltdown in global oil markets. Photograph: Rania Sanjar / AFP

Saudi Arabia announced a slew of austerity measures to cope with the impact of the coronavirus pandemic and an oil-price rout, tripling its VAT and cu(...)

Shell said it would reduce its quarterly dividend to 16 cents per share from 47 cents for the last three months of 2019

Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented(...)

Three-phase spheroids stand behind pipelines at Saudi Aramco’s crude oil processing facility, in Abqaiq, Saudi Arabia.

Oil resumed its decline to trade near $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the mar(...)

Brent crude initially rose sharply when markets reopened after the long weekend, but soon reversed  gains, trading flat for most of  Monday morning in London. Photograph: Getty Images

Oil prices came under pressure on Monday on doubts that a record US-backed Opec deal to cut supply would be enough to rescue a market ravaged by coron(...)

A oil tanker docked in Saudi Arabia.

Brent crude rallied more than 30 per cent on rising hopes of a supply deal among major oil producers, led by Saudi Arabia and Russia, to alleviate a p(...)

As part of the oil price war, Saudi Aramco has been told to increase its maximum production capacity to 13 million barrels a day. Photograph: Bloomberg

Saudi Aramco will cut capital spending as it prepares for a prolonged period of lower crude prices after its largest shareholder launched an oil price(...)

The start of an oil price war at a time when demand is falling due to the coronavirus crisis triggered one of the biggest one-day price falls in history.

Saudi Arabia will boost oil supplies to a record level next month in a sharp escalation of its price war after the collapse of an Opec production deal(...)

Saudi crown prince  Mohammed bin Salman’s record as Saudi Arabia’s de facto leader has not inspired confidence. Photograph: Pavel Golovkin/Pool/File

Saudi crown prince Mohammed bin Salman has initiated a new round of purges of potential royal challengers with the aim of clearing his path to the suc(...)

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