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Global mining needs $6 trillion over next decade, Saudi minister says

- 4th annual international meeting of mining ministers opens in Riyadh with participations of representatives from 85 countries

14.01.2025 Coal

Global mining needs $6 trillion over next decade, Saudi minister says

- 4th annual international meeting of mining ministers opens in Riyadh with participations of representatives from 85 countries

14.01.2025 Finance General

Exclusive - Iran's oil halt pushes Syria toward new regional cooperation

- Saudi Arabia's potential oil supply is seen as a strategic move that could reshape regional energy dynamics

27.12.2024 Natural Gas Oil analysis Energy Diplomacy Energy Projects

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

- Azerbaijani president holds trilateral talks with Kazakh, Uzbek counterparts on sidelines of COP29 in Baku

13.11.2024 Renewable

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

- Experts believe replacing petrodollar will take time while CBDC could give yuan the push to compete with dollar in long term

30.09.2024 Oil Energy Diplomacy

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi oil major to sell 1.545 billion shares at a price between 26.70 and 29 Saudi riyals per share

31.05.2024 Oil Finance

Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

-Company's revenue for January–March period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year

07.05.2024 Oil Finance

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy

Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day

- National oil company Saudi Aramco will refrain from increasing its oil capacity to 13 million barrels per day

30.01.2024 Oil Energy Diplomacy

Aramco expands global venture capital program by $4 billion

- Company more than doubles its investments from $3 billion to $7 billion

17.01.2024 Finance

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Saudi Arabia's Maaden to launch Middle East's first 'digital' gold mine

- Technology solutions will be deployed at Mansoura Massarah gold mine to enhance efficiency, productivity, quality and safety across mine's operations

16.01.2024 News from companies

Oil down with Saudi price cap, Fed interest rate cut hopes stalled

-Fed officials warn that fight against inflation may require policy rate increases for some time

08.01.2024 Oil Finance

Saudi Arabia's Maaden announces significant gold discovery

- Fresh discovery is first significant find from company's extensive exploration program launched in 2022

29.12.2023 Finance

Oil rises with investors betting on low prices as OPEC+ insists on complying to cuts

- OPEC+ curb plan does not appear to be sufficient to compensate for expected supply surplus in first quarter of next year

08.12.2023 Oil Finance Stock Market International Organization

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

- Producers of 23-member OPEC+ group, led by Saudi Arabia and Russia, will convene on Sunday in Vienna to review market conditions and production policy for next year

22.11.2023 Oil

Saudi Arabia makes two significant gas discoveries

- Discoveries at Al-Hiran and Al-Mahakik fields support Aramco's strategy to increase gas production by more than half, over 2021 levels, through 2030

20.11.2023 Oil World Middle East-Africa