Saudi Aramco

Saudi Arabia begins curtailing daily output

Saudi Aramco has started reducing production earlier this week ahead of the May 1 deadline when new OPEC+ output targets kick in, according to a Saudi industry official familiar with the matter. Aramco started to reduce production …

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Saudi Aramco weighs pipeline stake sale

Saudi Aramc is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter. Aramco may need to raise cash this year as it confronts a historic rout in …

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Saudi Aramco pulls off world's biggest IPO 

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly Saudi Aramco. Aramco priced its IPO at 32 riyals ($8.53) per share, the top …

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Putin condemns attacks on Saudi oil facilities

Russian President Vladimir Putin said Russia condemns the recent attacks on Saudi Arabia's oil facilities. "We condemn this [attack], but we are against shifting the blame on Iran, as there is no evidence for …

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Saudi Arabia's two oil facilities on fire

Drones attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early on Saturday, the kingdom’s interior ministry said, sparking a huge fire at a processor crucial …

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Royal IPO

What Saudi Arabia's energy shake-up says about its oil plans

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Al Falih loses key role in Saudi Aramco

Saudi Energy Minister Khalid Al Falih has lost his role as chairman of the board for Saudi Aramco, Al Falih announced on Twitter Monday. Al Falih will step down from his role as chairman in Aramco’s attempt …

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